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Data Center News > Blog > Investments > PlayAI Raises $21M in Seed Funding
Investments

PlayAI Raises $21M in Seed Funding

Last updated: November 25, 2024 8:33 pm
Published November 25, 2024
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PlayAI, a Palo Alto, CA-based supplier of a voice AI platform, raised $21M in Seed funding.

The spherical was led by Kindred Ventures and 500 World with participation from Race Capital, Y Combinator, Soma Capital, Pioneer Fund, TRAC, and others.

The corporate intends to make use of the funds to put money into its generative AI voice fashions, voice agent platform, and to shorten the time for companies to construct human-quality speech experiences.

Based by Mahmoud Felfel and Hammad Syed, PlayAI builds AI speech fashions and an AI voice agent platform that permit builders and companies to rapidly construct and deploy voice functions, delivering worth to buyer assist groups, gross sales departments, content material creators, and different rising industries. Its low-latency fashions lead the trade in voice cloning accuracy and pure human speech, and have served nearly 40,000 clients.

PlayAI additionally launched a brand new model of its main speech mannequin, PlayDialog, a multi-turn Textual content-to-Speech mannequin that makes use of a dialog’s historic context to regulate prosody, intonation, emotion and pacing to ship extra pure sounding speech. Skilled on a whole lot of hundreds of thousands of conversations that signify real-world examples, PlayDialog delivers human-like dialog with pure supply and acceptable tone in actual time. Customers can create speech with PlayDialog by its editor, API, or by way of PlayNote, a just-launched device that transforms PDFs, textual content, movies and different media into charming tales, podcasts, briefings, and extra in simply minutes.

Along with its new PlayDialog mannequin, PlayAI additionally provides Play 3.0 mini, a lighter weight low-latency mannequin that helps 30+ languages and a voice agent platform that permits the fast creation of generative AI voice brokers for functions as various as 24/7 buyer assist, appointment scheduling and gross sales lead engagement. Play 3.0 mini serves industries together with healthcare, journey, hospitality and retail, and seamlessly integrates with lots of as we speak’s hottest enterprise functions with easy set-up inside 20 minutes.

See also  MEandMine Raises $4.5M in Funding

FinSMEs

25/11/2024

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