Carnegie Speech Company Closes $2.2 Million A-2 Finance Round | Carnegie Speech

Funding Rounds

▤ Summary

Proceeds of the round, along with an additional strategic partnership and technology development agreement with In-Q-Tel, the independent strategic investment firm that identifies innovative technology solutions to support the CIA and the broader US Intelligence Community, will be applied toward international and domestic US marketing, sales and distribution initiatives. "We see significant demand in Corporate Training, Government, Aviation and Global Education sectors and will apply these funds toward capitalizing on these opportunities." "We are pleased that the investment community has supported Carnegie Speech with this current round of financing," said Angela Kennedy. "We are well aware of the significant challenges of raising funds in this economy, and appreciate the confidence our investors have in Carnegie Speechs business plan, market opportunity and management team." From spoken language training to facilitate commerce and enhance education, to mission-critical communications to improve safety and security, Carnegie Speech products are used by Business, Aviation, Government, Education and Health Care enterprises that depend on effective spoken language communications.

$ Funding

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Amount $2.2M Total raised
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Date October 5, 2009 Announcement date
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Investors In-Q-Tel Lead investors
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Company http://www.carnegiespeech.com Funded company

▥ Classifications

industries
EduTech - institutions
applications
Call Center Management

◇ AskAI Classifications

Labels
Education Technology Speech Recognition Software Language Learning Software

▦ Linked Companies