Ai Media shared an interesting announcement today that they’ve signed a 3 year contract with Google for up to $5M TCV. 

Rough math would indicate this might end up being ~$1.5M/Year. For a company on a revenue run rate of $60M, it’s not necessarily material. But the value of the Google logo is a big hit. This appears to cement comments the CEO made when he spoke to us ~6 months ago; that they had the best product for automatic speech recognition.

The business might be an interesting inflection point now; the CEO had mentioned at the time they were in the process of pivoting their business from services (humans were doing the speech writing), to Saas (Lexi software does the speech writing). 

Interesting one to look at in the next few quarters to see if they can maintain this momentum. 

Announcement Link here