PlayAI, a Palo Alto, CA-based provider of a voice AI platform, raised $21M in Seed funding.
The round was led by Kindred Ventures and 500 Global with participation from Race Capital, Y Combinator, Soma Capital, Pioneer Fund, TRAC, and others.
The company intends to use the funds to invest in its generative AI voice models, voice agent platform, and to shorten the time for businesses to build human-quality speech experiences.
Founded by Mahmoud Felfel and Hammad Syed, PlayAI builds AI speech models and an AI voice agent platform that allow developers and businesses to quickly build and deploy voice applications, delivering value to customer support teams, sales departments, content creators, and other growing industries. Its low-latency models lead the industry in voice cloning accuracy and natural human speech, and have served almost 40,000 customers.
PlayAI also released a new version of its leading speech model, PlayDialog, a multi-turn Text-to-Speech model that uses a conversation’s historical context to control prosody, intonation, emotion and pacing to deliver more natural sounding speech. Trained on hundreds of millions of conversations that represent real-world examples, PlayDialog delivers human-like conversation with natural delivery and appropriate tone in real time. Users can create speech with PlayDialog through its editor, API, or via PlayNote, a just-launched tool that transforms PDFs, text, videos and other media into captivating stories, podcasts, briefings, and more in just minutes.
In addition to its new PlayDialog model, PlayAI also offers Play 3.0 mini, a lighter weight low-latency model that supports 30+ languages and a voice agent platform that allows the rapid creation of generative AI voice agents for applications as diverse as 24/7 customer support, appointment scheduling and sales lead engagement. Play 3.0 mini serves industries including healthcare, travel, hospitality and retail, and seamlessly integrates with many of today’s most popular business applications with simple set-up within 20 minutes.
FinSMEs
25/11/2024