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Indian Voice AI startup Smallest.ai nabs $8M investment

Internet

Internet · 12h ago

Indian Voice AI startup Smallest.ai nabs $8M investment

Smallest.ai, a voice AI startup founded in 2024 by ex-Bosch engineers Sudarshan Kamath and Akshat Mandloi, has raised $8M seed funding led by Sierra Ventures with 3one4 Capital and Better Capital. The company builds ultra-fast, compact text-to-speech models for contact centers and enterprise use. Its flagship Lightning model generates 10 seconds of speech in 100 milliseconds, while the new Electron v2 (4B parameters) delivers low-latency responses (53ms TTFT) with output quality rivaling much larger models. Smallest.ai enables voice cloning from as little as 15 seconds of audio, offers industry-specific customization, and supports on-prem deployment for security-sensitive sectors. The funding will fuel expansion into retail, healthcare, and technology markets.

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Smallest AI in talks to raise $10-15 million at $50-60 million valuation

Economic Times

Economic Times · 7m ago

Smallest AI in talks to raise $10-15 million at $50-60 million valuation

Smallest.ai, an AI startup focused on voice model technology, is in discussions to raise $10-15 million at a valuation of $50-60 million. The company, founded in 2023 by Sudarshan Kamath and Akshat Mandloi, previously secured seed funding from 3one4 Capital and Better Capital. While headquartered in San Francisco, much of its team operates from India. The funds will primarily support research, training data, and infrastructure, as the company aims for profitable growth.

SaaS entrepreneur Raisinghani's new AI venture nabs $5.5M to boost sales efficiency

TechCrunch · 1y ago

SaaS entrepreneur Raisinghani's new AI venture nabs $5.5M to boost sales efficiency

AI startup SiftHub has raised $5.5m in seed funding for its AI assistant which aims to reduce non-sales activities for sales teams. The assistant, which integrates with platforms such as Google Drive, HubSpot and Salesforce, allows salespeople to complete tasks like data entry and research using voice commands. The company plans to use the funds to hire more product research and development specialists and expand into the market. The seed round was co-led by Blume Ventures and Matrix Partners India, with participation from investors including Cloudflare and RazorPay.

Microsoft partners with Chennai-based Sarvam AI for genAI tools

Economic Times

Economic Times · 1y ago

Microsoft partners with Chennai-based Sarvam AI for genAI tools

Microsoft has announced a partnership with Indian startup Sarvam AI to support the development of voice-based generative AI applications. The partnership will facilitate the creation of genAI models targeting Indic languages and context. Sarvam AI, backed by investors like Lightspeed Venture Partners and Khosla Ventures, will make its Indic voice LLMs available on Microsoft's Azure cloud platform. Financial details of the partnership have not been disclosed yet.

Sarvam AI to launch voice-to-voice endpoint tool in the next six to twelve months

Economic Times

Economic Times · 1y ago

Sarvam AI to launch voice-to-voice endpoint tool in the next six to twelve months

Sarvam AI, an AI startup backed by Lightspeed, is working on launching its first commercial "voice-to-voice endpoint" within the next year. The company aims to provide voice-based AI models in at least 10 Indian languages to enhance accessibility for users. Sarvam AI has already released an open-source Hindi language model called OpenHathi, which has shown improved performance compared to other models like GPT-4 and GPT-3. Availability of data and quality were identified as major challenges in developing AI models for Indic languages. The company raised $41 million in Series A funding in December 2023.

How Google Backed Slang Labs’ AI Voice Assistant Is Changing The Way We Interact With Apps

Inc42 · 1y ago

Slang Labs, a conversational AI startup backed by Google, is making strides in the Indian market. The company offers an in-app voice assistant platform that enables multilingual voice interactions on various platforms. Slang Labs aims to enhance user experiences by eliminating language barriers and providing seamless communication with apps. The startup has already partnered with brands such as Amazon, Tata, and ICICI Direct. With plans to launch a self-serve platform and expand language support, Slang Labs is poised for further growth in the conversational AI space.

Indian energy efficiency startup Smart Joules raises $8M in debt from Denmark's IFU

IndianStartupNews

IndianStartupNews · 1y ago

Indian energy efficiency startup Smart Joules raises $8M in debt from Denmark's IFU

Indian energy efficiency startup, Smart Joules, has secured $8 million in debt funding from the Investment Fund for Developing Countries (IFU), a Danish government-owned institution. The funding will be used to expand the startup's cooling-as-a-service (CaaS) partnerships in healthcare and hospitality sectors and enter cooling-intensive industries such as data centres and pharmaceutical manufacturing. Smart Joules offers a comprehensive package of services and technology to optimize energy use in buildings, aiming for a 20% reduction in energy costs. The company has saved 23 crore kWh of energy, translating to Rs 181 crore in cost savings and 1.6 lakh tonnes of carbon emissions.

Next-gen procurement platform Levelpath nabs $55M | TechCrunch

TechCrunch · 3m ago

Next-gen procurement platform Levelpath nabs $55M | TechCrunch

Levelpath, a procurement software startup founded by Stan Garber and Alex Yakubovich, raised $55 million in Series B funding to expand and disrupt the procurement market. The platform addresses persistent procurement challenges with a user-friendly design and AI integration. Clients include Ace Hardware and Amgen. The funding reflects confidence in Levelpath’s growth potential, aiming to rival legacy players. The procurement market, valued at $7.3 billion, is crucial as it’s a major corporate expenditure after payroll.

Abu Dhabi’s 3AI, SML in pact to jointly own Indian genAI platform Hanooman

Economic Times

Economic Times · 1y ago

Abu Dhabi’s 3AI, SML in pact to jointly own Indian genAI platform Hanooman

Abu Dhabi-based AI investment firm 3AI Holding has partnered with Seetha Mahalaxmi Healthcare (SML) to jointly own the multilingual generative AI platform called Hanooman. The platform, launched on May 1, aims to reach 200 million users across 22 Indian languages in its first year. It will benefit from 3AI Holding's Omega generative AI model, enhancing its capabilities in text, voice, image, and code for users. The exact investment amount by 3AI Holding remains undisclosed. The partnership signifies 3AI Holding's commitment to bringing technology back to India and aligns with the trend of Indian startups developing open-sourced AI models for the Indian market.

Beyond text: Why voice is emerging as India's next frontier for AI interaction

Livemint

Livemint · 2m ago

Beyond text: Why voice is emerging as India's next frontier for AI interaction

Voice interaction is emerging as a crucial frontier for AI development in India due to its complex nature, encompassing cultural nuances, colloquialisms, and emotion. Indian startups are focusing on enhancing voice-first AI models by increasing the depth and diversity of datasets, acknowledging the unique challenges posed by India's diverse accents, languages, and tonalities. This voice-driven approach is increasingly shaping human-AI interaction, underlining voice as the defining layer amidst digital communication advancements.

AI SaaS Start-Up RapidClaims Raises $8M to Expand Healthcare Automation

OutlookIndia

OutlookIndia · 6m ago

AI SaaS Start-Up RapidClaims Raises $8M to Expand Healthcare Automation

RapidClaims, an AI-powered SaaS startup, has raised $8 million in Series A funding, led by Accel and Together Fund. The healthcare firm plans to use the funds to enhance its technology, expand its go-to-market strategies, and boost sales. With services that automate healthcare processes, RapidClaims aims for significant growth. Founded in 2023, the startup has already experienced rapid expansion, serving a noteworthy client base and seeking further growth in the healthcare sector.

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