AssemblyAI, a San Francisco, California-based Deep Learning company focused on researching and applying advanced neural networks and machine learning technology announced that it raised $30 million in its Series B funding.
The round was led by global software investor Insight Partners, bringing AssemblyAI's total funds raised to just over $65 million. Four months ago the company raised $28M Series A funding.
With this new funding, AssemblyAI will be able to accelerate its product roadmap, build out better AI infrastructure to accelerate our AI research and inference engines, and grow its AI research team.
Company: AssemblyAI, Inc.
Raised: $30.0M
Round: Series B
Funding Month: July 2022
Lead Investors: Insight Partners
Additional Investors:
Company Website: https://www.assemblyai.com/
Software Category: AI-powered services
About the Company: Founded in 2017, AssemblyAI is a remote-first AI company building powerful deep learning models for developers, startups, and enterprises to transcribe and understand their audio data. AssemblyAI’s mission is to focus on making advanced Deep Learning technology accessible to everyday developers through a simple API and a great developer experience. AssemblyAI leverages the same AI technology used to create popular AI models like DALL-E 2, GPT-3, and Google’s LaMDA model, to create State-of-the-Art AI models for transcribing, understanding, and analyzing audio and video data – including Transformers, Large Language Models, massive GPU clusters, and large datasets. Over the past 6 months, they launched support for 15 new languages – including Spanish, German, French, Italian, Hindi, and Japanese.
Source: https://www.assemblyai.com/blog/our-30m-series-b/