BabbleLabs Raises $14 Million Series A Financing From Dell Tech Cap, Intel Cap
May 29 2019 - 7:38PM
Dow Jones News
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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