Chennai: Chennai-based Uniphore Software Systems Pvt. Ltd, a speech recognition solutions company, has raised an unspecified amount of money from investors including Infosys Ltd co-founder S. ‘Kris’ Gopalakrishnan and others in its Series A round of fund-raising.

Existing investors IDG Ventures India; Indian Angel Network; Ray Stata, co-founder and chairman of Analog Devices Inc., and YourNest Angel Fund also took part in the round.

The money will fund Uniphore’s global expansion and product and core technology development plans. Uniphore’s solutions allow any software application to understand and respond to natural human speech and people to use speech to engage and instruct machines, a company statement said on Thursday.

“Continuing on my theme of backing inclusive innovations, I am optimistic of the success of Uniphore. Man-machine communication is one of the more complex problems to solve," said Gopalakrishnan in the statement.

Uniphore counts clients across industries including banking, insurance, business process outsourcing, agriculture, microfinance institutions and healthcare, besides the government.

“Kris’s experience in building mammoth and global businesses will help us move in the right direction. This investment is a powerful endorsement of Uniphore’s ability to provide unique and measurable value to our enterprise customers across industries through speech recognition technology," said Umesh Sachdev, co-founder and chief executive, Uniphore Software.

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