AI Rudder, a Singapore-based AI startup that is working on voice artificial intelligence (AI) for businesses raised $50 million in Series B funding.
The round was led by Tiger Global and Coatue, with new investors included Cathay Innovation, First Plus, and VenturesLab. Existing investors Sequoia Capital India and Huashan Capital also participated in the round.
AI Rudder plans to use the fresh funds to double its employees to around 300 people and serve more clients. It also aims to add Arabic, Cantonese, French, German, Japanese, Korean, and Portuguese to attract more companies.
Company: AI Rudder Pte Ltd.
Round: Series B
Funding Month: March 2022
Lead Investors: Tiger Global and Coatue
Additional Investors: Cathay Innovation, First Plus, VenturesLab, Sequoia Capital India, and Huashan Capital
Company Website: https://www.airudder.com/
Software Category: AI-Powered Voice Assistants
About the Company: Founded by Teng Ren and Kun Wu in 2019, AI Rudder provides voice-based AI solutions for B2C communications. AI Rudder is developing technologies in speech recognition, text-to-speech, and natural language understanding. It also supports more than 15 languages, including English, Chinese, Hindi, Tagalog, Thai, and Vietnamese. AI Rudder platform is currently used by 200 companies from various sectors such as banking, fintech, and eCommerce.
Source: https://www.businesstimes.com.sg/garage/voice-ai-startup-ai-rudder-raises-us50m-round-led-by-tiger-global-coatue https://www.techinasia.com/ai-rudder-50-million-series-b-funding