SpinVox, a London company that converts your voicemail into text, has raised more than $100 million to expand quickly by signing deals with large telecom carriers around the world — an apparent land-grab.
Its SpinVox’s third round of capital, and investors include GLG Partners, Goldman Sachs, BlueMountain Capital Management and hedge fund Toscafund. It doubles the company’s investment. It had previously raised $100 million, including from ABN Amro, Gartmore, Allen & Co. and individuals. The six-year-old company has signed deals with 12 carriers, including with Alltel Corp., Cincinnati Bell, and Telus, and wants to double that number this year. The company is especially strong in Europe, though, allowing conversion of messages in English, French, German and Spanish.
It’s also hip, letting you do things like write text messages with your voice, blog via a telephone call, and use voice to update your profile at Facebook, Jaiku and Twitter.
SpinVox claims more than 6 million users.We’ve mentioned SpinVox before, in coverage of newer players like Jott, which is free and actually uses people to do the translations.
Update: Meanwhile, private equity fund Quadriga Capital Russia is reportedly negotiating a sale of its 35 percent stake in Speech Technology Center (STC), a St. Petersburg-based developer of speech recognition technologies, according to Kommersant (which we found via Yakov Sadchikov). Nokia and Nuance are mentioned as possible buyers.