Germany-based enhanced speech recognition technology developer i2x has attracted €10m ($11.4m) of funding in a round featuring MS&AD Ventures, the corporate venture capital unit of insurance group MS&AD Holdings, Tech.eu reported on Tuesday.
Unternehmertum Venture Capital (UVC) Partners, the venture capital affiliate of Technical University of Munich’s tech transfer arm, Unternehmertum, co-led the round with Btov Partners. The round also featured VC firms Asgard and HV Holtzbrinck Ventures.
Founded in 2010, i2x has built a speech recognition technology that can be used to evaluate and improve the standard of business phone calls based on the voices, moods and speech patterns identified in each conversation.
Artificial intelligence-powered analytics are applied to each call recording to provide automated coaching tips to the person making the call, such as key sales terms they may have missed.
The business currently has approximately 40 employees across its offices in Germany and the US, and has speech recognition products available in English and German.
HV Holtzbrinck Ventures previously supplied i2X with funding in 2017, however further details of the investment could not be ascertained.
– A version of this article first appeared on our sister site, Global University Venturing.