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Vernacular.ai funding

vernacular ai funding

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.

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