Modulate Raises $25M in Funding

Modulate, based in Boston, has raised $25 million to further develop its intelligence layer for voice AI. The company, which specializes in analyzing audio for emotional cues and conversational intent, has now raised a total of $60 million to support its ongoing research, engineering, and developer ecosystem.

Investors

Future Ventures led the round, with participation from Hyperplane and Lakestar.

Modulate Use of Funds

The capital will be used to expand the company's AI research, engineering teams, developer tools, partnerships, and deployment options.

About Modulate

Founded in 2017 by Carter Huffman and Mike Pappas, Modulate provides audio-native conversation intelligence software. Its Velma platform analyzes live audio for signals such as emotion, tone, intent, and conversational behavior, offering applications in fraud detection, customer experience, and AI agent monitoring.

Funding Details

Company Website: https://modulate.ai

Company: Modulate
Raised: $25M
Funding Date: September 28, 2026
Lead Investor: Future Ventures
Additional Investors: Hyperplane, Lakestar
Company Website: https://www.modulate.ai
Software Category: Artificial Intelligence
Source: https://www.unite.ai/modulate-raises-25m-to-build-the-intelligence-layer-for-voice-ai/