# Carnegie Speech Co.

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/carnegie-speech

- Industry: Software
- Headquarters: Pittsburgh, US
- Website: www.carnegiespeech.com
- Total disclosed funding: $5.6M
- Latest round: Series B (May 4, 2012)
- Investors on record: 4

## About

Carnegie Speech Company develops advanced software solutions that enhance spoken language skills through innovative speech recognition and artificial intelligence technologies, focusing on diverse sectors such as business, government, and education.Carnegie Speech Co. specializes in language training solutions, having been founded in 2001 in Pittsburgh, US. The company has undergone no significant pivots and operates independently. The founder, Miguel Burriel, has a history of involvement in technology ventures. Carnegie Speech has completed a total of 8 deals, with the most recent being a VENTURE DEBT round in March 2013, raising USD 0.55 mn, bringing the total amount raised to USD 3.40 mn.Carnegie Speech Company specializes in the development of advanced software designed to assess and enhance spoken language skills through the use of speech recognition and artificial intelligence technologies. Central to their offerings is the NativeAccent® platform, which provides personalized spoken English training aimed at improving users' communication abilities in business, aviation, government, healthcare, and education. Their Carnegie Speech Assessment solution aids organizations in optimizing hiring decisions and evaluating language training effectiveness, with a global clientele that includes educational institutions, corporations, and government agencies, particularly in the United States, China, and Dubai.Carnegie Speech generates revenue through a structured model that includes subscription-based services, partnerships, and direct sales of its language training solutions. Clients engage through agreements involving annual or multi-year subscriptions for access to software products, such as NativeAccent® and Carnegie Speech Assessment. Revenue is also generated through usage fees based on the scale of deployment in organizations, supporting corporate training and educational institutions.In March 2013, Carnegie Speech Co. raised USD 0.55 mn in VENTURE DEBT financing, which will be utilized to enhance product development and potentially create new solutions aimed at expanding their offerings. The company plans to explore growth in emerging markets, specifically targeting expansion within Southeast Asia and Latin America by 2024, to increase their global footprint and enhance communication training capabilities across diverse sectors.

## Funding rounds

- Series B, May 4, 2012, $3.4M — Golden Seeds, Osage Venture Partners, New York Angels
- Series A, Oct 5, 2009, $2.2M — In-Q-Tel

## Investors

- In-Q-Tel (https://capitalatlas.ai/funds/in-q-tel) — Series A
- Golden Seeds (https://capitalatlas.ai/funds/golden-seeds) — Series B
- Osage Venture Partners (https://capitalatlas.ai/funds/osage-venture-partners) — Series B
- New York Angels (https://capitalatlas.ai/funds/new-york-angels) — Series B