13 Jun 2019
Funding will support the company’s bold vision to give all machines a sense of hearing
Cambridge Innovation Capital plc (CIC), the venture capital investor enabling visionaries to build global, category-leading companies in the Cambridge ecosystem, has participated in the $12 million Series B funding round completed by Audio Analytic, the pioneer of sound recognition.
Audio Analytic has developed cutting-edge AI sound recognition technology which can be embedded into consumer devices to make them more helpful to people, by understanding and reacting to the contextual information provided by sounds. Products featuring the company’s technology have already been deployed globally, and several of the world’s leading technology companies are licensees and partners.
The Series B funding, which was raised from existing investors and new investor, Silicon Valleybased National Grid Partners, will be used to support the company’s bold vision to give all machines a sense of hearing.
“Cambridge has a strong track record of leading the field in developments to sound and speech recognition. Audio Analytic is a great example of this leadership. They have demonstrated that providing consumer electronics with a sense of hearing enables a step change in device functionality and performance. CIC is delighted to continue supporting their growth.” Andrew Williamson, Managing Partner
Dr Chris Mitchell, Founder and CEO of Audio Analytic said “Our Series A round in 2017 raised $5.5m. Since then we’ve doubled the size of the company, licensed our technology to leading players and seen their products make a significant impact on the smart home market. This investment enables us to invest in core technology and IP, further extend the number of sounds and scenes that our customer’s products can recognise. It supports the continued rollout of sound recognition to disrupt a broad range of devices such as smart speakers, hearables, automotive and mobile.”