Square 1 Bank provided a $5 million credit facility to new client Voci Technologies. Proceeds from the facility will support continued long-term growth initiatives.
Anthony Gadient, co-founder and CEO of Voci Technologies, said, “This financing reflects Square 1’s confidence in our growth potential. We look forward to leveraging this support to expand the development and delivery of our world-leading platform for speech analytics, which gives companies the freedom to choose their own deployment and analytic solutions.”
“Voci Technologies has rapidly grown to become a leader in speech recognition technology,” added Mac Wheatley, vice president in Square 1’s technology banking practice. “After raising $8 million in its Series B financing, the company aims to accelerate its sales and marketing and further develop its innovative speech analytics platform technology. We are thrilled to add Voci to the Square 1 portfolio and look forward to growing the relationship as the company’s success continues.”
Pittsburgh-based Voci Technologies combines artificial intelligence and deep learning algorithms to convert audio and video recordings into highly accurate transcriptions and actionable insights.
