Speech - About the company
Speech is an acquired company based in Austria. It operates as a Developer of hardware and software solutions for speech-to-text functionality. Speech has raised an undisclosed amount in funding. The company has 324 active competitors, including 24 funded and 12 that have exited. Its top competitors include companies like Otter.ai, Verbit and Wispr Flow.
Company Details
Developer of hardware and software solutions for speech-to-text functionality. The company provides tools designed to simplify workflows through voice-based technology. These offerings aim to improve efficiency and allow users to concentrate on primary responsibilities. The company’s products include dictation and transcription software, along with professional dictation hardware.
Key Metrics
Location
Stage
Acquired
Latest Funding Round
Ranked
24th among 324 active competitors
Employee Count
11 - 50 as on Jul 01, 2024
Exit Details
Acquired by Raiffeisen Invest Private Equity (May 15, 2012)
Speech's acquisition details
Speech got acquired by Raiffeisen Invest Private Equity on May 15, 2012.
Click here to take a look at Speech's acquisition in detail
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Speech's funding and investors
Speech has raised funding over 1 round.
Here is the list of recent funding rounds of Speech:
Date of Funding | Funding Amount | Round Name | Post-Money Valuation | Revenue Multiple | Lead Investors | Other Investors |
|---|---|---|---|---|---|---|
Jan 09, 2015 | 4017927 | Grant (prize money) | 4627509 | 1078977 | 6587556 | 4870930 |
View details of Speech's funding rounds and investors
Speech's founders and board of directors
Founder? Claim ProfileSpeech's employee count trend
Speech has 11 - 50 employees as of Jul 24. Here is Speech's employee count trend over the years:
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Speech's Competitors and alternates
Top competitors of Speech include Otter.ai, Verbit and Wispr Flow. Here is the list of Top 10 competitors of Speech, ranked by Tracxn score:
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Rank | Company Details | Short Description | Total Funding | Investors | Tracxn Score |
|---|---|---|---|---|---|
1st | Otter.ai 2016, Los Altos (United States), Series B | Developer of an AI meeting agent providing transcription and summarization | $70M | 79/100 | |
2nd | Verbit 2017, New York City (United States), Series E | Provider of cloud and AI-based natural language processing platform to develop speech recognition applications | $550M | 75/100 | |
3rd | Wispr Flow 2021, San Francisco (United States), Series B | Developer of AI-powered voice dictation software for seamless text creation | $361M | 68/100 | |
4th | Deepgram 2015, San Francisco (United States), Series C | Provider of AI-based speech transcription software | $229M | 66/100 | |
5th | Descript 2017, San Francisco (United States), Series C | Provider of an AI-powered platform for video and podcast creation | $101M | 65/100 | |
6th | Speechmatics 2006, Cambridge (United Kingdom), Series B | Provider of speech recognition software for real time voice processing | $90.6M | 64/100 | |
7th | 3Play Media 2008, United States, Acquired | Provider of captioning, transcription, translation solutions to enterprises | $962K | 60/100 | |
8th | Provider of speech-to-text APIs for developers | $20.3M | 58/100 | ||
9th | TranscribeMe 2011, San Francisco (United States), Series A | Audio search & transcription platform | $9.6M | 56/100 | |
10th | Voci Technologies 2006, Pittsburgh (United States), Acquired | Hardware accelerated speech recognition technology | $17.5M | 55/100 | |
24th | Developer of hardware and software solutions for speech-to-text functionality | - | - | 39/100 |
Looking for more details on Speech's competitors? Click here to see the top ones
Speech's Investments and acquisitions
Speech has made no investments or acquisitions yet.
Reports related to Speech
Here is the latest report on Speech's sector:
News related to Speech
Media has covered Speech for a total of 4 events in the last 1 year, 4 of them have been about company updates.
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Speech Processing Solutions Launches Philips SpeechLive Legal AI Assistant for Faster, More Accurate Legal Document CreationBusiness Wire•Aug 05, 2026•Speech, Philips
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Speech Processing Solutions Launches Philips SpeechLive Health, an AI Assistant Built for Modern Clinical DocumentationBusiness Wire•Mar 17, 2026•Speech
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Speech Processing Solutions introduces Philips Speechmike Ambient: A portable AI assistant to transform the clinical documentationBusiness Wire•Sep 09, 2025•Speech
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SPS Expands Philips SpeechLive with Ambient Medical AI Documentation, Powered by CortiCNW•Sep 03, 2025•Corti, Speech
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Microsoft recommends Philips Speechmike Premium Touch to happen to Nuance PowermicBusiness Wire•May 08, 2025•Speech, Philips, Microsoft
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Philips Speech and Sembly AI Collaborate to Introduce New Cutting-edge Audio Recorders with an AI Meeting SolutionBusiness Wire•Jun 25, 2024•Sembly Ai, Speech
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Philips and Sembly AI collaborate to introduce new advanced audio recorders with an AI conferencing solutionBusiness Wire•Jun 25, 2024•Sembly Ai, Philips, Speech
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Philips Speech and Sembly AI launch SmartMeeting in response to the new meeting cultureHerald Chronicle•Oct 03, 2023•Speech, Sembly Ai, Speech Processing Solutions, Philips
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