VoxSmart, a leader in communications surveillance and financial AI solutions, has raised a further $12m in a recent funding round.
The latest funding comes from existing investors such as UK-based Tosca Fund, as well as some of its existing US investors.
VoxSmart supplies firms with voice and electronic communications analytics and remote compliance solutions that enable them to supervise communication through a range of voice and digital platforms.
According to Financial IT, even in a time of economic uncertainty, investors are confident in VoxSmart’s technology specifically in the areas of regulatory compliance for multiple communications and their innovation in the areas of Natural Language Processing (NLP), AI and ML.
Recently, with the launch of CHATGPT and now ChatGpt 4, the scale-up has received several inquiries from the world’s leading banks interested in how they can utilize AI going forward.
VoxSmart CEO Oliver Blower said, “We are in a period of extremely wavering investor confidence, with a lot of uncertainty, on the banking side, in the air. The fact that our investors have once again placed their trust in us is testament to VoxSmart’s market position, as well as the confidence in our team, technology and AI capabilities.”
Back in March 2021, VoxSmart closed a growth equity financing round on $25m. Capital from the investment was used to expand its technology suite and enhance its supervision and controls for regulated employees that work at home, remotely or in the office.
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