ORIX Growth Capital announced today that it has completed a growth capital investment in Voicebox Technologies Corporation, a leading provider of natural language understanding (“NLU”), conversational AI and automated speech recognition (“ASR”) software, used across connected auto, mobile phone and IoT platforms. The investment will be used to support the company’s continued organic growth.
“Voicebox’s sophisticated NLU and ASR platform has been developed over 15 years and is supported by strong customer adoption and a valuable patent portfolio,” said Jeff Bede, Group Head of ORIX Growth Capital. “We were impressed with the team, their innovative NLU and ASR products, overall scale of the business and long-standing relationships with large leading customers in the consumer electronics and automotive sectors. We are excited to partner with them to support their growth trajectory.”
“ORIX provided us with significant and flexible capital to help us continue to grow our market position in this dynamic NLU and conversational AI industry,” said Mike Kennewick, Voicebox’s CEO. “ORIX’s partnership approach and understanding of our market make them a strong fit for Voicebox.”