Nexidia, a, Atlanta, GA-based provider of audio search and speech analytics solutions, has received over $23m in equity funding.
The new capital will be used to further develop and protect original research in its core technology and intellectual property, and to increase the company’s operational capacity in the contact center and other markets worldwide.
New investors include BlueCross BlueShield Venture Partners, Sandbox Industries and HarbourVest Partners. They join existing backers HIG Ventures, Paladin Capital Group, Boston Millennia Partners, Morgan Stanley and Cordova Ventures, all participating in this round.
Nexidia’s applications are used by contact centers, media outlets, law firms, government agencies and major regulatory agencies to support electronic discovery of audio and video.