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Computers, General news, Media, Communications

VCs Like SpinVox Message: $100M in Funding


SpinVox, which has developed software to turn voice mail into text messages, has raised more than $100 million in a new round of funding.

“SpinVox is transforming core messaging for carriers worldwide and delivering new, recurring revenues from existing user behavior," SpinVox CEO Christina Domecq said in a statement.

The London company said the funds will be used to expand its business, which now operates on four continents and has signed deals with 12 telecommunications carriers including Vodafone in Spain, Telstra in Australia, and broadband telephony provider Skype.

Besides its voice mail service, SpinVox allows bloggers to speak their entries, and users of social-networking sites like Facebook can update their profiles over the phone.

The company said its voice-recognition software—which currently works in English, French, German, and Spanish—is a combination of artificial intelligence, voice recognition, and natural linguistics. It “learns” new words and can recognize different accents, such as American or South African English.

GLG Partners, Goldman Sachs, BlueMountain, and Toscafund Asset Management joined in the funding round.