Romanian company Vatis Tech announces a new funding round of €650,000

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A new round of financing worth 650,000 euros was announced by the Romanian company Vatis Tech, BalkanEngineer.com learned from Romaniajournal.ro. The lead round already exists for Early Game Venture investors, Sparking Capital and Mălin Ștefănescu, and other private investors have also joined it.

Vatis Tech is widely known for developing AI-based voice recognition technologies that outperform global players like Google and Microsoft in terms of accuracy.

Vatis Tech's accuracy rate in Romanian is currently over 95%, while Google and Microsoft get 85%. The technology has been used successfully in several industries such as media, legal, medical services and call centers.

The new capital flow will allow you to increase your sales in Romania to reach a larger market share today, but also to expand your operations in at least one more European market. Among the target markets in Germany, Spain and France.

For Vatis Tech, 2022 is considered a year of accelerated growth and the trend is expected to continue in the new year. The company's revenue has increased 10x year-over-year, with the growth rate for the last quarter exceeding 30%.

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