Nexidia, a developer of audio search and speech analytics solutions, has secured a $3 million credit facility from the Knowledge Based Industries Group of RBC Centura Bank.

Nexidia plans to use the funds as working capital.

The company has developed speech technology that enables audio to be marked and searched phonetically in more than 18 languages. Nexidia recently announced a new business unit to focus on media search, the launch of a consulting practice and the addition of UK English to its language portfolio.