# Speechly

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/speechly

- Industry: Software
- Headquarters: Helsinki, Finland
- Website: www.speechly.com
- Total disclosed funding: $2.2M
- Latest round: Seed (Dec 19, 2019)
- Investors on record: 6

## About

Based in Finland, Speechly Oy is a provider of advanced voice recognition technology, designed to enhance user interactions across various platforms through natural language processing.Speechly Oy is a technology firm specializing in voice recognition software. Founded in 2016 in Helsinki, Finland, the company has undergone a significant change recently. On September 20, 2023, Speechly was acquired by Roblox Corporation, allowing the integration of its software into the Roblox platform. The founders include Hannes H., Markus L., and Otto Söderlund, with Otto Söderlund currently serving as the CEO. The company has raised a total of EUR 2.00 mn, with the latest funding round being a Seed round led by Cherry Ventures, which also included investors such as Joyance Partners and Seedcamp. The most recent deal marks the third funding round for Speechly.Speechly provides innovative voice recognition technology that enables seamless voice interactions in applications. Their products focus on natural language processing, allowing users to engage in conversations and commands without reliance on traditional input methods. This technology is designed to be embedded into various platforms, enhancing user experience by making interactions more intuitive and efficient.In the most recent fiscal year of 2022, Speechly reported a revenue of EUR 405,487.90 with an EBITDA of EUR -290,983.10, reflecting their ongoing investment in technology development and market expansion.Following its acquisition by Roblox Corporation, Speechly plans to leverage its voice recognition technology for integration into the Roblox platform. This strategic move aims to enhance user engagement through improved voice interactions. The recent Seed funding will facilitate further development and refinement of their technology, aiming to roll out new product features by 2024. The company also seeks to expand its reach into North America and Europe, targeting broader adoption of its voice capabilities in gaming and interactive applications.

## Funding rounds

- Seed, Dec 19, 2019, $2.2M — Seedcamp, Social Starts, Cherry Ventures, Tiny Super Computer Investment Company, Joyance Partners, Quantum Angels

## Investors

- Seedcamp (https://capitalatlas.ai/funds/seedcamp) — Seed
- Social Starts (https://capitalatlas.ai/funds/social-starts) — Seed
- Cherry Ventures (https://capitalatlas.ai/funds/cherry-ventures) — Seed
- Tiny Super Computer Investment Company (https://capitalatlas.ai/funds/tiny-super-computer-investment-company) — Seed
- Joyance Partners (https://capitalatlas.ai/funds/joyance-partners) — Seed
- Quantum Angels — Seed