BabbleLabs Raises $14 Million Series A Financing From Dell Tech Cap, Intel Cap

Date : 05/30/2019 @ 12:38AM
Source : Dow Jones News
Stock : Intel Corporation (INTC)
Quote : 52.01  0.0 (0.00%) @ 9:27AM
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BabbleLabs Raises $14 Million Series A Financing From Dell Tech Cap, Intel Cap

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By Stephen Nakrosis

 

BabbleLabs, a Silicon Valley startup working on speech technology, said Wednesday it raised $14 million in Series A financing in a round co-led by Dell Technologies Capital and Intel Capital.

The company said it "focuses on creating software to improve speech quality, accuracy, and personalization in voice applications."

BabbleLabs also said Gregg Adkin from Dell Technologies Capital and Vijay Reddy from Intel Capital will become members of its board.

The company said it will use the financing to "expand technical development in speech enhancement, recognition and analytics for noisy, complex environments and to scale business development."

Dell Technologies Capital is the investment arm for Dell Technologies.

Intel Capital, a division of Intel Corp., said it invests in innovative startups and since 1991 invested $12.4 billion in 1,554 companies worldwide.

 

--Write to Stephen Nakrosis@wsj.com

 

(END) Dow Jones Newswires

May 29, 2019 19:23 ET (23:23 GMT)

Copyright (c) 2019 Dow Jones & Company, Inc.

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