USA – AssemblyAI, a San Francisco, CA-based audio intelligence API provider, raised $30M in Series B funding.
The round was led by Insight Partners, with participation from existing investors at Accel and Y Combinator.The company intends to use the funds to build out its AI infrastructure to accelerate AI research, and grow its AI research team, which today include researchers from DeepMind, Google Brain, Meta AI, BMW, and Cisco.Led by Dylan Fox, founder & CEO, 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.The company is now processing millions of audio/video files with its APIs every single day for over 1,000 paying customers – including startups like CallRail, Algolia, Veed, and Fathom, and enterprises like the WSJ, NBC Universal, and Spotify. Over the past 6 months, they launched support for 15 new languages – including Spanish, German, French, Italian, Hindi, and Japanese, added major improvements to our Auto Chapters and Summarization models, Real-Time Transcription models, Content Moderation models, and countless other product updates.4 months ago, AssemblyAI announced $28M Series A led by Accel, with participation from Y Combinator, the Stripe founders – John and Patrick Collison, Nat Friedman, and Daniel Gross. 14/07/2022
