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You are here: Home / 2008 / March / 24 / SpinVox Rakes in the Dough
STM Blog

SpinVox Rakes in the Dough

By STM Blog on March 24, 2008

Whoa. Remember when IBM promised they would spend $100 million on UC software? Well today, British voicemail-to-text provider SpinVox got news that they raised $100 million in funding from Goldman Sachs and other investors. According to an article from CNet.com, this $100 million is only part of the company’s funding — so far they have raised $200 million total, including this latest round.

SpinVox says it plans to increase the number of countries and languages serviced by its VTT software, as well as form more partnerships with companies like Skype, and other mobile providers. What does all this mean for the company’s long-term future? Well, according to that same article, SpinVox’s CEO, Christina Domecq, “isn’t looking for a buyout or an IPO, but is keeping her options open.” Indeed.

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Tagged Mobile, News, Speech Recognition, SpinVox, STT, Voicemail-to-Text
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