Voice AI startup Vapi announced a $50 million Series B funding round today, aiming to enhance enterprise voice interactions. The company has achieved significant scale, with its voice agents handling over 1 billion calls to date.
The fresh capital, led by Peak XV with participation from M12, Kleiner Perkins, and Bessemer Venture Partners, brings Vapi's total funding to $72 million. This Vapi Series B funding follows a reported 10x year-over-year ARR growth in its enterprise segment.
Companies including Amazon Ring, Intuit, and New York Life utilize Vapi's API-native platform to build and manage voice agents. These agents are designed to offer adaptive, human-like conversational experiences, a stark contrast to traditional rigid phone systems.
Enterprise Voice AI at Scale
Vapi's platform enables businesses to deploy configurable voice agents rapidly, moving from prototype to production with low latency and flexibility in model selection. The company targets critical business functions such as inbound customer service, outbound collections, and candidate screening.
Jason Mitura, VP of Software Development at Amazon Ring, highlighted Vapi's impact: "We went from zero to production in two weeks, and 100% of our inbound volume now runs through Vapi. Most importantly, we’ve maintained our high bar of support for our customers and CSAT scores have improved."