Voice-to-text software company SpinVox has raised a whopping $100 million in a third round of funding from Goldman Sachs, among other investors, the company said this week. The funding gives SpinVox a valuation in excess of $500 million, according to CEO Christina Domecq, who was quoted in this Reuters report.
SpinVox, which employs 300 people in 9 countries, develops software that converts voice mail messages to text and then sends them to a blog or the recipient's e-mail or SMS inbox. That's an attractive feature for phone carriers looking to boost text traffic--and revenue from data services.
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