Symbl.ai, a Seattle, Washington-based developer-first platform providing a best-in-class Conversation Intelligence (CI) suite of APIs and developer tools, raised $17 million in Series A funding.
The round was led by Great Point Ventures, with additional participation from current investors Gutbrain Ventures, PBJ Capital, Crosscut Ventures, and Flying Fish Ventures.
This new Series A investment, which is just a year from the company's product launch and initial seed financing round of $4.7M, will be used to accelerate product development of its end-to-end CI platform, substantially grow Symbl.ai's engineering and leadership teams, and expand sales and marketing to meet the growing demand for its offering.
As part of the financing, Ray Lane, partner at Great Point Ventures and former President and COO of Oracle Corporation, will join Symbl.ai's board of directors.
Company: Rammer Technologies, Inc.
Raised: $17.0M
Round: Series A
Funding Month: November 2021
Lead Investors: Great Point Ventures
Additional Investors: Gutbrain Ventures, PBJ Capital, Crosscut Ventures, and Flying Fish Ventures
Company Website: https://symbl.ai/
Software Category: Conversation Intelligence (CI) platform
About the Company: Symbl.ai is an API-driven, programmable platform, built for forward-thinking B2B and B2C brands, including Rev.ai, Airmeet, Intermedia, Remo, SpectrumVoip, Intuit, Bandwidth, and Hubilo. With Symbl.ai, product teams can execute on user experience, without pulling in extensive engineering resources for building and scaling the underlying conversation intelligence infrastructure. Companies can incorporate specific intelligence capabilities into their existing product, including Transcription Plus, Conversation Analytics, Conversation Topics, Contextual Insights, Customer Tracker, Summarization, and more. Symbl.ai enables developers to not spend months but just days to integrate, saving time and money with the most accurate and scalable conversation intelligence stack.
Source: https://www.marketscreener.com/news/latest/Symbl-ai-Raises-USD17-Million-in-Series-A-to-Scale-its-Conversation-Intelligence-Platform-for-Develo--36917091/