VentureClash 2018 winner Voiceitt raises $10M

HBJ Photo | Matt Pilon Connecticut Innovations CEO Matthew McCooe congratulated VentureClash first place winners Danny Weissberg and Sara Smolley of Israeli speech recognition firm Voiceitt.

Write a Comment

By Matt Pilon

Voiceitt, an Israel-based speech recognition technology company that won first place in Connecticut Innovations’ 2018 VentureClash competition, said it has secured a $10 million Series A investment round.

The $10 million investment, which closed June 30 but was just announced this week, was led by Viking Maccabee Ventures but also included Connecticut Innovations, which has put $1 million into Voiceitt since the company placed first in its now discontinued annual pitch contest.

Voiceitt’s technology translates unintelligible and atypical speech in real time, and is targeted at users that include people with speech and motor disabilities, as well as their families and healthcare providers.

The company has established an office in Stamford and says it currently has 25 employees, up from 16 as of late 2018.

Other investors in the Series A round included Microsoft's venture capital arm M12, AMIT Technion, Cahn Capital Corp, AARP, Quake Capital, SLJ Family Office, Dreamit Ventures and The Disability Opportunity Fund.

Voiceitt says it has now raised a total of $15 million.