Phonetic Systems

Speech recognition solutions for telecommunications, enterprise and Internet companies.

Launch date

1994

Market cap

Enterprise valuation

$36m (Public information from Feb 2005)

Billerica Massachusetts (HQ)

Date	Investors	Amount	Round
-	Magma Venture Partners	N/A	-
Jan 1999	Evergreen Venture Partners	$1.5m	Seed
Mar 2000	Sadot Research and Development Magnum Communications Fund Formula Ventures	$7.2m	Early VC
Feb 2001	General Atlantic Evergreen Venture Partners Sadot Research and Development Polaris Venture Capital Magnum Communications Fund SBC Communication Formula Ventures	$37.0m	Growth Equity VC
Feb 2005	Nuance Communications	$36.1m Valuation: $36.1m	Acquisition
Total Funding		$45.7m

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