Thursday, March 20, 2008

SpinVox captures spoken messages and cleverly converts them into text has raised $100 million

What Company Is Offering:
SpinVox captures spoken messages and cleverly converts them into text. It then delivers your message to a destination of your choice – inbox, blog, wall or space. Right in the moment. Giving you the power to Speak Freely.

Simply put, they do one thing – turn voice into text. But it's one thing that can be applied to the many ways you communicate, from your Voicemail to your Blog. Use the finder below to find the right one for you.

How It Works:

It captures spoken words and feeds them into a Voice Message Conversion System, known as ‘D2’ (the Brain), and spits them out as text content.

So D2’s pretty smart. It is a combination of artificial intelligence, voice recognition and natural linguistics. But it also learns from us humans. It learns all the time about how we speak, and what we say, from the mundane to the ridiculous.

How Much They Got From VCs:

It has raised $100 million from Goldman Sachs, along with GLG Partners, Blue Mountain Capital Management and Toscafund Asset Management. It brings the company’s total amount raised to $200 million. Christina Domecq told Reuters that the round valued the company in excess of $500 million.

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