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Equal AI has secured $30 million in Series B funding in tranches, with the spherical co-led by Prosus Ventures and Tomales Bay Capital.
The firm mentioned the financing will help its imaginative and prescient of constructing a complete AI assistant platform for India. Founded by Keshav Reddy, Equal AI initially launched as India’s first AI name assistant and has quickly advanced into one of many nation’s largest client AI voice merchandise.
According to the corporate, greater than 1 million Indians use Equal AI each month, with over 350,000 day by day lively customers, lower than a yr after launch.
Equal AI plans to increase its capabilities past communications into concierge providers, purchasing and commerce, monetary providers, and broader way of life help. The firm goals to create an AI layer that resides on smartphones and acts on behalf of customers.
In addition to Prosus Ventures and Tomales Bay Capital, the financing attracted participation from current and new buyers together with Think Investments, PhonePe CEO Sameer Nigam, Valiant Capital Management, Bharti Airtel Vice Chairman Zubin Bharti Mittal, Skyflow CEO Anshu Sharma, Meta India Vice President Sandhya Devanathan, and CtrlS Datacenters founder Sridhar Pinnapureddy.
The firm mentioned its platform is designed to know customers, talk in a number of languages, defend their time, and assist them navigate on a regular basis actions.
KEY QUOTES:
“In less than a year, more than 1 million Indians use Equal AI every month, with over 350,000 people using it every day. What started as India’s first AI Call Assistant has rapidly become one of the largest consumer AI voice products built in India, for India.”
“Our vision is to build India’s AI Assistant — a trusted AI layer that sits on every smartphone and works on behalf of its user.”
“Now Equal AI will become India’s AI lifestyle Concierge going into communications, concierge services, shopping and commerce, financial services and lifestyle assistance.”
Keshav Reddy, Founder, Equal AI
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