VoxSmart, a communications monitoring company based in London, has raised $12 million from current investors, such as ToscaFund.
VoxSmart helps more than 100 of the biggest names in the financial market to monitor and reassemble trade chatter from phone, mobile, email, and messaging to look for signs of fraud and market abuse.
The company says that the recent regulatory crackdown on the use of WhatsApp, in which 11 market players in the US were fined more than $2 billion, shows that its technology is becoming more valuable.
The latest cash infusion will be used to improve the technology behind VoxSmart’s services, such as mobile text and voice capture, trade rebuilding, and natural language processing (NLP).
COE at VoxSmart, Oliver Blower, says:
“The fact that our investors have once again placed their trust in us is testament to VoxSmart’s market position, as well as the confidence in our team, technology and AI capabilities.”
