New Cash for Boston-Area Speech and Robotics Startups
As we head into the final week of 2015, venture investment is pouring into some traditional areas of strength in New England tech. Namely, speech recognition, artificial intelligence, and robotics:
—Stealthy speech-recognition startup Semantic Machines, based in Newton, MA, has raised about $12.4 million in equity funding, according to an SEC filing. The document lists investors from General Catalyst Partners and Bain Capital Ventures. Xconomy’s Curt Woodward wrote the first story about the company back in January. Semantic Machines is led by veterans of Apple and Voice Signal Technologies (which was acquired by Nuance in 2007).
—Prosthetics maker BionX Medical Technologies, formerly known as iWalk, has raised an additional $17 million in equity and debt financing, according to an SEC filing. By my count, BionX has raised well over $60 million to date. It has developed a powered prosthetic foot and ankle for amputees, and is working on other robotic systems as well. The company is led by CEO Charles Carignan and founder Hugh Herr, an MIT Media Lab professor.