Voice-based and AI-driven start-up Vernacular.ai has raised $25 million in a Series B funding round from WestBridge Capital.
With this round, the valuation of the company will increase to $100 million. The startup will have raised over $30 million in funding so far.
The Bengaluru-based platform had raised $5.1 million in a Series A round of funding led by IAN Fund and Exfinity Ventures in May 2020. The round also saw participation from other big players, like LetsVenture, Kalaari Capital, and AngelList.
WestBridge essentially deals with investment in India. According to their website, a standard investment ranges from US$25 million to US$200 million, usually ending in a considerable minority equity ownership, following only the founder in many cases.
Meanwhile, Vernacular.ai defines itself as a series A funded startup, an AI-First SaaS enterprise that is motivated with the aim to become the leading voice automation/AI platform in the world.
Don’t keep wondering about funding, you can also raise funds. Learn how to raise funds here: Yes I want to raise funds.
If you are an emerging startup and are looking for investors to raise funds, StartupLanes has its own angel network and investment banking services and is connected to angel investors and VCs in 15 countries that ensure that our member startups have easy access to external funds to scale up constantly.
You can subscribe to our news posts by entering your email in the box on the right side of this page.
The right investment is key to beating inflation and growing your wealth. Do you wish to become an angel investor? Yes, I want to be an angel investor.
Are you a startup and facing challenges in your business? Do you want to grow your business? It is not as difficult as it sounds. Learn how to grow your business here- Yes, I want to grow my business.
For publishing an advertorial article about your company on our website, drop an email at firstname.lastname@example.org