Amberscript, an Amsterdam and Berlin-based AI speech recognition company that makes audio and video accessible by developing software and services to create affordable subtitles, raised $10 million (nearly £7.3 million) in a Series A funding round.
The round was led by Endeit Capital (Parcellab, BUX), a leading German-Dutch growth capital firm founded by former executives of media company Endemol, validating the potential for Amberscript’s technology in the media industry.
Amberscript will use the fresh capital to accelerate product development and its European expansion, including to the UK.
Company: Amberscript B.V.
Round: Series A
Funding Month: November 2021
Lead Investors: Endeit Capital
Company Website: https://www.amberscript.com/
Software Category: Speech to text software and services
About the Company: Founded by Peter Paul de Leeuw, Thomas Dienste, and Timo Behrens who believe in the strength of intelligent empowerment and diversity. Amberscript is building SaaS solutions that enable users to automatically transform audio and video into text and subtitles using speech recognition. Amberscript aims to make the power of language accessible to everyone and to bring the world closer together. By combining domain-specific AI speech recognition engines with a ‘human layer’ of transcribers, the company produces subtitles with the highest accuracy in the market, delivered eight times faster than traditional manual methods. It employs 40 employees from more than a dozen nationalities speaking over 25 languages.