San Jose-based computer company BabbleLabs has secured $14 million in Series A funding, according to company database Crunchbase, topping the city’s recent funding headlines. The cash infusion was announced on May 30.
According to its Crunchbase profile, "BabbleLabs is revolutionizing the communication among humans and machines by enhancing speech quality, accuracy, and personalization — to power breakthrough voice applications and devices. Led by a team of world-class experts in Deep Neural Networks (DNN), speech, embedded systems, mass customization, and technology licensing for hyper-volume systems, BabbleLabs is innovating products through the powerful combination of speech science, deep learning and computational processing."
The two-year-old startup also raised a $4 million seed round in 2018.
The round brings total funding raised by San Jose companies in hardware over the past month to $45 million. The local hardware industry has seen 42 funding rounds over the past year, capturing a total of $1.2 billion in venture funding.
In other local funding news, internet company JetStream Software announced a $7.7 million Series A funding round on May 28, financed by Digital Alpha Advisors.
According to Crunchbase, "We founded JetStream Software in 2016 to realize a vision of cloud computing with greater agility, resilience, efficiency and performance. Our team collaborates with leading technology developers and cloud service providers to deliver new solutions that precisely address the requirements of a true cloud-native infrastructure."
The company also raised a $3.8 million seed round in 2018.
This story was created automatically using local investment data, then reviewed by an editor. Click here for more about what we're doing. Got thoughts? Go here to share your feedback.
