Symbl has raised $4.7 Mn led by Crosscut Ventures which included participation from Alexa Fund, Amazon’s voice-focused investment arm. Other backers include Jump Capital, Third Kind VC, Technexus Ventures, and Flying Fish, in addition to angel investors such as Capio founder Tony Chen and Tom Williams, founder of BetterCompany.
Symbl sells an API that allows companies to generate insights from voice or text conversations natively as part of their existing tools.Symbl is part of a broader trend of startups taking different approaches to transcription-related service across various industries.
“We are impressed by the ease of Symbl’s API integration to enable developers to build customized conversational intelligence experiences,” Paul Bernard, director of the Amazon Alexa Fund, said in a statement. “Symbl’s product also showcases the power of harnessing voice technology in enterprise collaboration.”