Carnegie Mellon voice recognition spin out raises its series A led by Pittsburgh Equity Partners.
Voci Technologies, a speech recognition company backed by US-based university Carnegie Mellon, where its technology has "its roots", raised $3.1m yesterday.
The series A financing round was led by venture firm Pittsburgh Equity Partners and was joined by investors including angel groups BlueTree Allied Angels and the Innovation Works.
Voci said it has produced "the world’s first commercial speech recognition appliance". The business’ technology is based on work on accelerated speech recognition done at Carnegie Mellon, it said.
Voci says on its website: "Collaboration with speech experts at Carnegie Mellon and the University of Illinois ensures that Voci continues to lead the cutting-edge in speech recognition."
Voci was founded in 2008 and is based in Pittsburgh, "steps away from the Carnegie Mellon campus".
