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[Funding alert] AssemblyAI Raises $50M in Series C Funding Round led by Accel

AssemblyAI Raises $50M in Series C Funding Round led by Accel with participation from Keith Block and Smith Point Capital, Insight Partners, Daniel Gross and Nat Friedman, and Y Combinator. This brings AssemblyAI’s total funds raised to $115M — 90% of which AssemblyAI raised in the last 22 months, as organizations across virtually every industry have raced to embed Speech AI capabilities into their products, systems, and workflows.

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The funding will be used by the AssemblyAI to support its ambitions for research, new model development, training, market expansion and team building. The funds will also be used to create superhuman Speech-AI-Modells, that unlock an entirely new class of AI-Applications to be built, leveraging voice-data.

Read also – [Funding alert] NYC-based Trackstar Secures $2.6M in Seed Funding

“We founded AssemblyAI with the vision of creating superhuman Speech AI models that would unlock an entirely new class of AI applications to be built leveraging voice data,” AssemblyAI CEO Dylan Fox wrote in a blog post. “Over the past two years, we’ve seen the combination of bigger datasets, better compute, and new neural network architectures like the Transformer make possible the significant advancement of AI models across nearly every modality — and make our vision of building superhuman Speech AI models more achievable than ever before.”

Read also – [Funding alert] NYC-based Syrup Secures $17.5M in Funding

About AssemblyAI

AssemblyAI is a Speech AI company focused on building new state-of-the-art AI models that can transcribe and understand human speech. AssemblyAI’s customers, such as CallRail, Fireflies, and Spotify, choose AssemblyAI to build incredible new AI-powered experiences and products based on voice data.

Read also – [Funding alert] CA-based Chai Secures an Investment from CoreWeave

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