The AI Rudder team
AI Rudder, a voice artificial intelligence startup based in Singapore, has closed a US$50 million Series B funding round.
Investors include Tiger Global, Coatue, Cathay Innovation, First Plus, VenturesLab, Sequoia Capital India, and Huashan Capital.
This round brings the startup’s total funding raised in the last 12 months to US$60 million.
AI Rudder will use the new investment to double its headcount, add more clients, and increase its global presence. Currently, the platform supports more than 15 languages, including English, Bahasa, Chinese, Hindi, Spanish, Tagalog, Tamil, Thai, Vietnamese. It plans to add Arabic, Cantonese, French, German, Japanese, Korean, and Portuguese.
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“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.
Founded in 2019, AI Rudder develops advanced voice AI technology to help businesses solve B2C communication challenges across various industries, including banking and finance, fintech, insurance and e-commerce. Today, it has more than 200 clients.
Over the last year, AI Rudder claims to have experienced 400 per cent revenue growth year-on-year.
AI Rudder also has offices in Shanghai and Jakarta.
Last November, AI Rudder secured US$10 million in a Series A funding round co-led by Sequoia Capital India and Sequoia China Seed Fund.
In the past, the startup raised two rounds of investments: a US$1 million seed round in January 2020 and a US$2 million in June 2020.
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