Vapi, a San Francisco, CA-based developer platform for deploying voice AI agents, has raised $20 million in Series A funding.
Investors
The round was led by Bessemer Venture Partners, with participation from Abstract Ventures, AI Grant, Y Combinator, Saga Ventures, and Michael Ovitz.
Bessemer Venture Partners helps entrepreneurs lay strong foundations to build and grow long-standing companies. With over 145 IPOs and 300 portfolio companies spanning the enterprise, consumer, and healthcare spaces, Bessemer supports founders and CEOs from their early days through every growth stage. Bessemer manages over $18 billion in assets and operates across key hubs such as Silicon Valley, New York, London, and Bangalore.
Vapi Use of Funds
The company will use the funds to expand its engineering team, enhance its infrastructure, and grow its enterprise customer base.
About Vapi
Founded in 2023 by Jordan Dearsley and Nikhil Gupta, Vapi.ai is an AI company specializing in voice AI solutions for developers. The company provides a platform that enables engineering teams to build, test, and deploy voice agents efficiently. Its APIs allow teams to integrate customizable voice agents into workflows, including CRMs, EHRs, and enterprise telephony systems. Vapi has partnered with major clients such as Mindtickle, Luma Health, Ellipsis Health, and Gestionadora de Créditos.
Funding Details
Company: Vapi
Raised: $20.0M
Round: Series A
Funding Date: December 2024
Lead Investor: Bessemer Venture Partners
Additional Investors: Abstract Ventures, AI Grant, Y Combinator, Saga Ventures, Michael Ovitz
Company Website: https://vapi.ai/
Software Category: Voice AI Solutions
Source: https://www.globenewswire.com/news-release/2024/12/12/2996317/0/en/Vapi-Dials-in-20M-in-Series-A-Led-by-Bessemer-to-Bring-AI-Voice-Agents-to-Enterprise.html