Applications Technology Receives Venture Debt Financing from Novus Capital Group

apptechApplications Technology, a McLean, VA-based developer of automatic speech recognition (ASR) platform, received a venture debt financing from Novus Capital Group.

The amount of the deal was not disclosed.

The company will use the funds to extend its sales and marketing efforts and expand its market reach.

Led by Adam Sutherland, CEO, AppTek is an independent speech technology company focusing on speech recognition software solutions in more than 14 languages and across diverse vertical markets including media and telephony. AppTek solutions aims to unlock the value of audio and video assets; enabling commercial and government customers to both generate new revenue and create efficiencies through automatic processing and data analytics insights.



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