AssemblyAI, a San Francisco, CA-based audio intelligence API platform, raised $28 million in Series A funding.
The round was led by Accel, with participation from a great group of investors including Y Combinator, John and Patrick Collison (Stripe), Nat Friedman (GitHub), and Daniel Gross (Pioneer).
This funding will help AssemblyAI accelerate its development of advanced AI models for Automatic Speech Recognition, Speech Understanding, and NLP.
Company: AssemblyAI, Inc.
Raised: $28.0M
Round: Series A
Funding Month: March 2022
Lead Investors: Accel
Additional Investors: Y Combinator, John and Patrick Collison (Stripe), Nat Friedman (GitHub), and Daniel Gross (Pioneer)
Company Website: https://www.assemblyai.com/
Software Category: Audio intelligence API platform
About the Company: AssemblyAI is an applied artificial intelligence company, that uses the latest deep learning technology to build practical products that bring futuristic ideas to life. AssemblyAI believes that cutting-edge artificial intelligence technology should not be limited to only those with the funding or resources to invest in it. AssemblyAI's goal is to help make creative, new ideas possible by making AI technology accessible to everyone through easy-to-use products, whether you are an independent developer, startup, or global company. AssemblyAI's main office is located in downtown San Francisco.
Source: https://www.assemblyai.com/blog/series-a-announcement/