AI Rudder, a Singapore-based speech artificial intelligence business, has raised $50 million in a Series B fundraising round.
Tiger Global, Coatue, Cathay Innovation, First Plus, VenturesLab, Sequoia Capital India, and Huashan Capital are among the investors.
This investment raises the startup’s total fundraising to $60 million in the previous 12 months.
The additional funding will be used to quadruple AI Rudder’s personnel, attract more clients, and expand its global footprint. English, Bahasa, Chinese, Hindi, Spanish, Tagalog, Tamil, Thai, and Vietnamese are among the languages supported by the platform. Arabic, Cantonese, French, German, Japanese, Korean, and Portuguese are among the languages that will be added.
“Advancements in the machine and deep learning technologies are opening new possibilities for voice AI to be more human-like. This fresh infusion of capital will support continuous enhancements to our suite of products, enabling our clients to deliver more frictionless digital experiences to their customers,” said Kun Wu, Co-Founder and Managing Director, AI Rudder.
“The ubiquity of technology and SaaS has allowed us to impact businesses across continents — in countries like Mexico, Kenya, Australia and beyond,” he added.
AI Rudder was founded in 2019 with the goal of helping businesses tackle B2C communication difficulties in a variety of industries, including banking and finance, fintech, insurance, and e-commerce. It now has more than 200 customers.
AI Rudder claims to have grown its income 400 percent year over year in the last year.
In addition to New York, AI Rudder maintains operations in Shanghai and Jakarta.
Sequoia Capital India and Sequoia China Seed Fund led a $10 million Series A fundraising round for AI Rudder in November.
The firm has already obtained two rounds of funding: a $1 million seed round in January 2020 and a $2 million round in June 2020.
