Interactions, a US-based speech recognition technology provider, has raised $12m from a consortium including local bank Capital One’s venture operation, North Hill Ventures.
Alongside venture capital firm North Hill, which was founded in 1999 to invest in financial services-focused entrepreneurs with Capital One as both a significant limited partner and a valued strategic partner, were peers Sigma Partners, Cross Atlantic Capital Partners and Updata Partners.
Last year, Interactions raised $6m, according to its regulatory filing, having previously raised $35m since starting in 2002, according to news provider Indianapolis Business Journal.
Mike Iacobucci, chief executive of Interactions, said: "Our philosophy is to apply our unique technology to create self-service applications for our clients."