It all began at the Cambridge University Entrepreneurs (CUE) awards ceremony 3 years ago, where I won an award on the night with £1,000 prize money. And today I’m sitting in our new offices, surrounded by 32 full-time employees watching as our company continues to scale rapidly in 2017.
So how did it happen?
I first met Tony at a CUE networking event, my initial reaction was “100% no-way that I will get involved in a software company”. A few weeks later Tony posted into the CUE Facebook group and we got talking again. I was already involved in several other start-ups but after some consideration, I thought it might be worth a shot. Tony had developed the technology and frameworks but needed someone to commercialise the company.
I started working with Tony when there were only 5 employees at the company. Myself and my colleague spent our days cold-calling everyone and anyone we could to try and get a sale. It was a numbers game. Eventually someone was going to need and want us. And they did. By the end of 2014 we had doubled in size to 10 people – still working out of a shed.
We focused our efforts on our cloud-based system which we needed to ensure was commercially appealing. When Google made their Speech API available, we knew we had to beat them. So, we ran tests and found that we were 30-50% more accurate than Google.
So where are we now?
We have been generating strong revenues since we commercialised in 2014 and we just closed an investment round at the end of 2016. We have expanded our capabilities to provide our customers with technology that can be deployed on-premises and we recently launched our new real-time technology. The real-time technology can be used offline, on a device. We also developed an automated framework that gives us the ability to develop any language in the world in a matter of weeks. Overcoming the three fundamental challenges with current products on the market today.
- Pick up the phone and speak to anyone
- Be tentacular, speak to everyone you can in an organisation
- Don’t be too smart, there is always someone smarter
- Always manage expectations
- Find your focus as a company
- Challenge people
The CUE event gave me the platform I needed to meet the right contacts at the right time. Jules Robertson, CUE speakers representative says “we encourage entrepreneurs to develop their ideas and skills as future company leaders. With the multiple rounds of competitions, we reward £100, £1000 and £5000 to individuals or teams to help elevate them to produce a successful company. We hold the awards and networking events to help introduce our entrepreneurs to contacts and hear from industry experts”.
Who says you can’t lead a deep technology company as a non-techie?
Benedikt von Thuengen, Speechmatics
When we hear Catalan nowadays we think of Barcelona, of Gaudí, of Miró and the strange sounding language with hints of Spanish that so many Barcelona dwellers speak – and this makes us question why we bothered learning Spanish at school.
However, the breadth and depth of Catalan stretches much further than that. It is spoken across Catalonia and in various variants in Valencia, the Balearics, parts of France, Sardinia and even appearing as the official language of Andorra.
It is a language that has had a potted history, declared socially unacceptable or illegal on numerous occasions throughout Spain’s past, yet it has continually rebounded even having its own Reneixença (renaissance) in the 19th century. Today, there are between 10 and 15 million speakers worldwide. And while it shares similarities to its cousins of the Romance languages evolved from Latin (predominantly Italian, French, Spanish, Portuguese, Romanian) – Catalan is very much its own language with a rich history of poetry, culture, art and important agency across industry, politics and commerce.
This became particularly notable last year when we released our Spanish automatic speech recognition system which generated significant interest across Spain, South America and beyond. However, we also quickly realised that, whether for call centres or media monitoring, education or subtitling – potential customers had a need for Catalan as well. Spanish was a good start but for true coverage across Spanish-speaking countries we simply had to have Catalan.
The Speechmatics languages team took it on as part of our traditional Christmas hackathon, and within 2 weeks we had a fully operating system that is available on our website and has already attracted significant interest with users across both our public cloud-based platform and private on-premises implementation.
Carme Calduch, a Catalan Lecteur of Cambridge and Queen Mary University of London tested our cloud-based Catalan transcription service. “Speechmatics has developed a fantastic tool, doing a manual transcription is a laborious task and using this service I was able to obtain a transcript in less than 3 minutes. It is completely automatic, and the result was impressive, because the quality of the transcription is very good. Without a doubt, I’d recommend using this service – it will be really useful to professionals across multiple industries.”
With the list of languages available rapidly growing on the Speechmatics speech recognition system – we welcome everyone to sign-up for a free trial of our public speech transcription service at www.speechmatics.com.
Ricardo Herreros-Symons, Speechmatics
By now it is pretty obvious that speech recognition is taking over the world, and so long as it doesn’t go all Hal 9000 on us, then the future looks very interactive. The promise of a world where light, TVs and coffee machines can be activated without touch has already been realised. But this is a (relatively) simple process of crosschecking what the device thinks it has heard and comparing it to a known list of commands (I have completely oversimplified this – the time taken to reach this technical epoch of voice control is some indication as to the complexity of the process).
We are now seeing more companies working on tech which can delve into the complexities of our voice. Banks are now using your voice as your password, emotion engines can detect your emotion when calling a call centre to give the operative a heads-up if things are about to go south and suggest actions they can take to resolve the issue.
The latest breakthrough comes from Canary Speech – a US start-up – which has developed a way of analysing phone conversations for several neurological diseases, ranging from Parkinsons to Dementia.
A pinch of reality may be required though. This is early stages for the start up. Don’t expect GPs to be replaced anytime soon by a microphone but there is no reason not to think that between machine learning and voice recognition we couldn’t start to see chatbots being used for front line GP care – culminating in the inevitable prescription of Ibuprofen, a staple of the British doctor. The tech that Canary are investigating is not yet fully mature, they will need to rely heavily on using large data sets over a sensible period of time to teach their machine how to effectively identify a problem.
How this technology will be rolled out is a big issue to consider. At the moment, most calls to call centres are recorded for monitoring and quality purposes – that’s monitoring of the call centre operatives, not the caller. I’m not sure there are many people who would appreciate being told by Vodafone that they have identified them to have signs of dementia. That’s all yet to be ironed out as we get to grips with more of our data being analysed.
From Speechmatics’ point of view the more research that goes into using neural networks and machine learning the better. In-house we are getting better and better at finding more efficient ways of changing speech to text. We are able to do now on a phone – what five years ago – required banks of graphics processors. This has come about because the collective knowledge that computer science has developed in the last 5 years has advanced so much. Research breeds research. The more uses for speech recognition the more ways it can be streamlined.
Luke Berry, Speechmatics