Speech recognition startup Voiceitt raises $10 million in Series A funding 

The company's technology gives voice to those who cannot speak on their own by translating unintelligible and atypical speech in real time

Speech recognition startup Voiceitt raises $10 million in Series A funding 

Photo: Voiceitt

Israel-based commercial speech recognition technology company Voiceitt said Tuesday it raised an additional $10 million in a Series A round which closed June 30. The company has now raised over $15 million.

The investors included Viking Maccabee Ventures, Microsoft's M12, AMIT Technion, Cahn Capital Corp, Connecticut Innovations and AARP. 

The company's application translates unintelligible and atypical speech in real time, enabling people with severe speech impairments to communicate by voice. 

"Voiceitt provides a new dimension of independence and quality of life for people with speech and motor disabilities, and a compelling tool for those who care for and about them. Our technology helps with this and much more," said Danny Weissberg, CEO & Co-Founder. "With the impact of the COVID-19 pandemic, our objectives are not only to support the individual's in-person communication, but also to assist healthcare professionals and support the continuum of care for their patients."

In a statement, Viking Maccabee Ventures, a leading investor in the round, said "Voiceitt has matured from a concept into a cutting-edge technology which will materially change the lives of tens of thousands by giving voice to those who cannot speak on their own. We are excited for Voiceitt to serve so many more people in need worldwide in 2020 and beyond."

Fellow investor AMIT Ltd., the Technion's investment arm in the life science arena, also expressed optimism about the technology's possibilities. "AMIT believes that Voiceitt's technology generates significant social value and creates real opportunities for individuals with speech disabilities by granting them with the two most prominent human life qualities: communication and independence, and is proud to take part in its road to both impact and success," the investment arm said in a statement. 

Voiceitt's network of international partners includes healthcare providers, speech and occupational therapists, researchers, and disability organizations in the United States and throughout Europe. The 25-person software startup is headquartered in Israel with offices in the United States.

"As we continue our growth, we are committed to our mission of making speech accessible to all. Our long-term vision is to integrate Voiceitt's customizable speech recognition with mainstream voice technologies to enable environmental control through a universally accessible voice system," said Sara A. Smolley, Voiceitt's EVP & Co-Founder. "Voiceitt's versatile technology can be applied in a range of voice-enabled applications in diverse contexts and environments."

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