Shoosmiths advises on investment deal for AI speech recognition business

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Shoosmiths’ corporate team has advised Cambridge-based speech technology company, Speechmatics, on investments received from a range of investors to accelerate the commercial roll-out of its speech recognition products.

Founded by chief technology officer Tony Robinson, the firm received investment from several sources, including technology venture capitalist IQ Capital; AI/machine learning specialist and technology investors Amadeus Capital Partners; and a number of technology investors including Laurence Garrett (Highland Capital Europe), Cambridge professor Ted Briscoe, a specialist in Natural Language Processing as well as co-founders of CSR, and former executive chairman at SwiftKey Richard Gibson.

Shoosmiths corporate partner Alastair Peet and associate Alistair Hammerton advised the company on all corporate aspects of the deal.

Shoosmiths has recently acted on other artificial intelligence investment deals, including advising venture capital firm Octopus Ventures on the sale of Swiftkey to Microsoft.

In 2016, Speechmatics launched its new AI framework, Auto-Auto, which enables the company to add almost any language automatically. Since building the framework, Speechmatics has released a new language every two weeks, including most European languages, and Greek, Russian and Arabic.

The post Shoosmiths advises on investment deal for AI speech recognition business appeared first on The Lawyer | Legal News and Jobs | Advancing the business of law.



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