London-based communications surveillance group VoxSmart has secured $12 million in funding from existing investors, including ToscaFund.
VoxSmart provides support to over 100 blue-chip financial market clients, enabling them to monitor and reconstruct trade communications from voice, mobile, email, and messaging to identify signs of malpractice and market abuse.
The recent regulatory crackdown on WhatsApp has resulted in fines exceeding $2 billion for 11 market participants in the US, highlighting the increasing importance of VoxSmart’s technology.
The newly acquired funds will be used to enhance VoxSmart’s technology across its offerings, which include mobile text and voice capture, trade reconstruction, and natural language processing (NLP).
Oliver Blower, CEO of VoxSmart, stated, “The fact that our investors have once again placed their trust in us is a testament to VoxSmart’s market position, as well as the confidence in our team, technology, and AI capabilities.”