About Speechworks
Speechworks is a company based in Boston (United States) founded in 1994 was acquired by ScanSoft in April 2003. Speechworks has raised $18 million across 1 funding round from investors including Telecom Italia, Intel and Bank of America. Speechworks operates in a competitive market with competitors including Otter.ai, AssemblyAI, Nexmo, Tellme and YITU, among others.
- Headquarter Boston, United States
- Stage Public
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Sectors
Technology
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Phone
Locked
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Website
Locked
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Annual Revenue
Not available
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Net Profit
Not available
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EBITDA
Not available
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Total Equity Funding
$18 M (USD)
in 1 rounds
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Latest Funding Round
$18 M (USD), Series D
May 24, 1999
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Investors
Telecom Italia
& 8 more
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Employee Count
Not available
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Acquired by
ScanSoft
(Apr 21, 2003)
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Funding Insights of Speechworks
Speechworks has successfully raised a total of $18M through 1 strategic funding round. The most recent funding activity was a Series D round of $18 million completed in May 1999. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
Investors in Speechworks
Speechworks has secured backing from 9 investors, including venture fund and institutional investors. Prominent investors backing the company include Telecom Italia, Intel and Bank of America.
| Investor | Description | Founded Year | Domain | Location |
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Venture capital firm investing in life science and biotechnology sectors
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CRV is recognized as a venture capital firm investing in technology startups.
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Expansion stage tech-focused VC firm investing primarily in the US
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Locked | Locked | Locked |
Investor details for Speechworks
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- Investor locations
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Investments & Acquisitions by Speechworks
Investment portfolio details for Speechworks
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- Transaction dates
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Financial Statements - Speechworks
Detailed financials for Speechworks
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- Profit trends
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Speechworks Comparisons
Peer comparison for Speechworks
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Competitors of Speechworks
Speechworks operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as Otter.ai, AssemblyAI, Nexmo, Tellme and YITU, among others.
| Company Name | Domain | Founded year | HQ Location | Description |
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| Locked | Locked | Locked |
AI-based voice transcription for meetings is provided via cloud software.
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Provider of speech to text solutions
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Voice and messaging APIs provided to enterprises for customer outreach.
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| Locked | Locked | Locked |
Voice recognition technology for phone-based information access is provided.
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| Locked | Locked | Locked |
AI-based decision intelligence platforms are provided for multiple sectors.
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Embeddable speech and vision technologies are provided for consumer products.
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Detailed competitors of Speechworks
Competitor domains, locations, full profiles, and operating metrics require an active premium plan.
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Latest news on Speechworks
Complete news archive for Speechworks
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Frequently Asked Questions about Speechworks
Speechworks was founded in 1994 and raised its 1st funding round 5 years after it was founded.
Speechworks is headquartered in Boston, United States. It is registered at Boston, Massachusetts, United States.
Speechworks is a funded company, having raised a total of $18M across 1 funding round to date.
Speechworks was founded in 1994 in Boston, United States, focusing on the speech software sector. Speech-related software and services are developed for carriers and voice portals. Consumer calls are directed, transactions are conducted, and information is obtained through these automated voice systems. Operations center on enabling efficient voice interactions in telecommunications.
Speechworks has 9 investors. Key investors include Telecom Italia, Intel, Bank of America, Merrill Lynch, and Orange.