AI voice startup PlayAI introduced it has raised $21 million in a Seed spherical. The corporate says it’ll use the capital to spend money on its generative AI voice fashions and voice agent platform.
“Speech as an interface is exploding in popularity, and we knew it was a massive opportunity from the get-go,” stated Mahmoud Felfel, co-founder and CEO of PlayAI, in a launch. “Building voice agents that can converse like humans and autonomously handle complex tasks is no easy feat, and I’m immensely proud of what our team has achieved. This funding will help us deliver our vision of powerful, emotive, and human-like voice interfaces for any application.”
PlayAI (previously referred to as PlayHT) allows builders to construct voice purposes utilizing the corporate’s customized LLMs which it says are skilled on an intensive dataset of various human speech containing podcasts, narrations, storytelling, and enterprise conversations. Customers can clone voices throughout a number of languages and accents utilizing the corporate’s AI fashions that are accessible by text-to-speech APIs.
AI brokers, or autonomous software program designed to carry out duties on behalf of customers, are gaining important consideration for his or her versatility throughout industries. Responding to this demand, PlayAI provides Play 3.0 Mini, a smaller mannequin particularly designed for coaching AI brokers. Supporting greater than 30 languages and boasting specialised capabilities in dealing with acronyms and numeric sequences, Play 3.0 Mini allows customers to shortly create generative AI voice brokers tailor-made for purposes comparable to buyer assist, appointment scheduling, and gross sales lead engagement.
The entrance web page of PlayAI’s web site includes a demo of its voice brokers the place customers can take a look at out conversations with an AI healthcare appointment scheduler, an e-commerce retailer, a lodge concierge, and even a neuroscientist with an icon that appears suspiciously like Andrew Huberman.
The corporate believes the generative AI voice business will develop fourfold within the subsequent decade, citing a Market.Us report in its announcement. The corporate says earlier generations of voice know-how gave unnatural outcomes resulting from speech components like incorrect pacing, emphasis and cadence.
(Supply: PlayAI)
Together with its funding announcement, PlayAI additionally unveiled a brand new model of its speech mannequin PlayDialog, a multi-turn text-to-speech mannequin the corporate says makes use of a dialog’s historic context to regulate rhythm, intonation, emotion and pacing to ship extra pure sounding speech. PlayAI claims PlayDialog was skilled on a whole bunch of hundreds of thousands of conversations that signify real-world examples and might ship human-like dialog with pure supply and applicable tone in actual time. This mannequin can be utilized by way of API or by a brand new device known as PlayNote that transforms PDFs, textual content, or movies into tales, podcasts, or briefings.
At present’s $21 million Seed spherical was led by Kindred Ventures and 500 World with participation from Race Capital, Y Combinator, Soma Capital, Pioneer Fund, TRAC, and others. As a part of the announcement, Steve Jang of Kindred Ventures joined as a board observer.
Race Capital Common Companion Chris McCann commented in a launch that the AI voice market has the potential to change into a $2 trillion business that would have a transformative affect throughout many sectors.
“Play AI’s voice AI platform is the key to unlocking new applications across customer support, sales, marketing, and beyond. We couldn’t be more excited to partner with Mahmoud, Hammad, and the PlayAI team on this journey.”
“We’ve been early big believers in the nascent and rapidly-evolving generative media space,” stated Steve Jang, founder and managing accomplice at Kindred Ventures. “AI voice generation platforms are fundamentally transforming how enterprise and consumer businesses are communicating with their customers, and we’re proud to back PlayAI to further the development of their powerful mission.”
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