# Cantab Research

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/cantab-research

- Industry: Software
- Headquarters: Cambridge, UK
- Website: www.speechmatics.com
- Total disclosed funding: $71M
- Latest round: Series B (Jun 28, 2022)
- Investors on record: 4

## About

Cantab Research Limited, operating under the brand Speechmatics, specializes in advanced speech recognition technology, providing high-accuracy transcription and voice interaction solutions for various industries, enhancing operational efficiency through innovative AI-driven applications.Cantab Research Limited, founded in 2009, is based in Cambridge, UK. The company focuses on Automatic Speech Recognition (ASR) technology. In June 2022, Cantab Research raised GBP 50 million in Series B funding led by Susquehanna Growth Equity, with participation from AlbionVC and IQ Capital Partners. The company has completed 4 deals to date. Co-founder Tony Robinson has a history of entrepreneurial ventures, contributing to the company's innovative direction.Speechmatics delivers a suite of products centered on its Automatic Speech Recognition (ASR) technology. Key offerings include the Voice Agent API, enabling natural voice interactions, and transcription services that ensure high accuracy and low latency. Their technology caters to industries such as healthcare, media, and education, supporting clients in processing substantial audio data monthly while recognizing diverse accents and dialects across global markets.In the most recent fiscal year 2023, Speechmatics reported a revenue of GBP 14,545,487.8 and an EBITDA of GBP -13,442,308.9. The company operates primarily through subscription-based models for its ASR and Voice Agent API services, serving enterprise-level clients and facilitating the integration of their technology into existing business workflows.Following the GBP 50 million raised in June 2022, Speechmatics plans to enhance its data center capacity and invest in research and development, positioning the company to expand its product offerings and improve service delivery. The funding will support the design of new products and facilitate entry into additional geographic markets, with specific targets yet to be defined.

## Funding rounds

- Series B, Jun 28, 2022, $60M — Susquehanna Growth Equity, IQ Capital, AlbionVC
- Series A, Oct 9, 2019, $8.1M — IQ Capital, AlbionVC
- Series A, Dec 16, 2016, $2.5M — Amadeus Capital Partners, IQ Capital

## Investors

- Amadeus Capital Partners (https://capitalatlas.ai/funds/amadeus-capital-partners) — Series A
- IQ Capital (https://capitalatlas.ai/funds/iq-capital) — Series A, Series B
- AlbionVC — Series A, Series B
- Susquehanna Growth Equity (https://capitalatlas.ai/funds/susquehanna-growth-equity) — Series B