Data Science Investment Counter —Funding raised by UK data science companies in 2018.
£ 5.640 Million

German speech analysis startup i2x raises €10 million

Michael Brehm, i2x Founder and CEO. Credit: i2x.

Berlin-based real-time communications analysis and training start-up i2x has secured a €10 million funding round led by UVC Partners and btov Partners, with participation from MS&AD Ventures, Asgard, and HV Holtzbrinck Ventures.

Founded just one year ago by ex-StudiVZ boss Michael Brehm to improve the quality of sales and service calls, the company currently employs 40 people and counts enterprises such as Vodafone and Siemens among its customers. This investment will allow i2x to grow even further.

“Michael Brehm and his team have developed an independent speech recognition and training tool that is unique on the international market in its precision, speed and flexibility,” said Jon Soberg, managing partner at MS&AD Ventures.

“We see a big global opportunity for i2x. The great success achieved shortly after the launch confirms the extraordinary potential of this start-up.” He added.

i2x uses speech recognition solutions for the English and German language powered by an advanced artificial intelligence software, which can analyse conversations in real time and produce training units tailored for each sale or customer support representative. The system can evaluate voices, moods, and speech patterns of the conversation participants.

“With i2x, we are supporting a future-oriented company that is revolutionising the telesales and customer service industry with its real-time technology,” said Dr Jochen Gutbrod, Managing Partner at btov Partners. 

“The software makes it possible to combine the strengths of people with the advantages of modern technology and thus makes an important contribution to shaping the working world of tomorrow. btov Partners is pleased to accompany i2x on its way.”

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