Unternehmertum’s VC affiliate co-led the deal for i2x, which offers an enhanced speech recognition product that provides automated coaching tips to improve business phone calls.
Germany-based enhanced speech recognition technology developer i2x has attracted €10m ($11.4m) of funding in a round co-led by Unternehmertum Venture Capital (UVC) Partners and Btov Partners, Tech.eu reported on Tuesday.
MS&AD Ventures, the corporate venture capital unit of insurance group MS&AD Holdings, also participated in the round alongside VC firm Asgard and fund manager HV Holtzbrinck Ventures.
UVC Partners is the early-stage VC firm affiliated with Technical University of Munich’s tech transfer arm, Unternehmertum.
Founded in 2010, i2x has built a speech recognition technology that can be used to evaluate and improve the standard of business phone calls based on the voices, moods and speech patterns identified in each conversation.
Artificial intelligence-powered analytics are applied to each call recording to provide automated coaching tips to the person making the call, such as key sales terms they may have missed.
The business currently has approximately 40 employees across its offices in Germany and the US, and has speech recognition products available in English and German.
HV Holtzbrinck Ventures previously supplied i2X with funding in 2017, however further details of the investment could not be ascertained.
