Voci Technologies Incorporated, a Pittsburgh, PA-based provider of enterprise speech-to-text transcription and analytics, closed its $8m Series B funding.
The round was led by Grotech Ventures (Grotech) and Harbert Growth Partners (Harbert).
The company plans to use this capital to accelerate sales and marketing while continuing its focus on delivering technology for businesses seeking insights from their voice-based customer interactions.
Voci, a Carnegie Mellon spinoff, provides software that delivers actionable insights from recorded or live voice. Its patented technology employs Artificial Intelligence (AI) and deep learning algorithms to deliver highly accurate transcriptions, as well as insights related to gender, sentiment, emotion, and speaker biometrics.
Voci can process up to 150 hours of speech in 1 hour on a single 1u machine.