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Data Center News > Blog > Investments > Cartesia Raises $27M in Funding
Investments

Cartesia Raises $27M in Funding

Last updated: December 14, 2024 3:15 pm
Published December 14, 2024
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Cartesia, a San Francisco, CA-based developer of real-time multimodal intelligence for each machine, raised $22m in funding.

The spherical, which introduced whole capital raised to $27m, was led by Index Ventures, with participation from A* Capital, Conviction, Basic Catalyst, Lightspeed, and SV Angel, together with 90 angel traders together with the Founders of Abridge, Airtable, Captions, Cognition, Cohere, Databricks, Datadog, Hugging Face, Hubspot, Infinitus, Llamaindex, Mercury, Mistral, Okta, Perplexity, Pika, Pinterest, Postman, Ramp, RunwayML, Snorkel, Sonos, Collectively AI, Tripedot Studios, Typeface, Vercel, Weaviate, Weights and Biases, and Zapier.

The corporate intends to make use of the funds to broaden operations and its improvement efforts.

Led by CEO Karan Goel, Cartesia offers state area fashions (SSMs) and platform that allow builders to construct real-time, multimodal AI methods, beginning with the generative voice API Sonic. It allows purposes for a variety of verticals like customer support, gross sales and advertising and marketing, robotics, healthcare, transportation, schooling, gaming, protection, safety, and extra.

In Might 2024, Cartesia launched Sonic, their low-latency voice mannequin that generates expressive, lifelike speech, showcasing the ability of their SSM structure for real-time AI use instances. As a result of underlying SSM structure, Sonic has been capable of deliver new options to the market, similar to an on-device product that may run regionally with no web connection, and superior controllability options like emotion, velocity and prompting. The Sonic API already helps quite a lot of real-time use instances — customer support, debt assortment, interview screening, voiceovers, interactive character voices — with lots of of consumers starting from new startups to public firms.

See also  IGaming Influences Modern Business Models 

The corporate is led by a bunch of Stanford researchers that features Goel, his former labmates Albert Gu, Arjun Desai, and Brandon Yang, together with their former professor Chris Ré.

FinSMEs

13/12/2024

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TAGGED: 27M, Cartesia, Funding, Raises
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