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Voice AI startup Ringg AI raises $5.5 Mn in Series A funding led by Arkam Ventures

EntrackrEntrackr · 1m ago
Voice AI startup Ringg AI raises $5.5 Mn in Series A funding led by Arkam Ventures
Medial

Bengaluru-based voice AI startup Ringg AI has raised $5.5 million (around Rs 48 crore) in a Series A funding round led by Arkam Ventures. The round also saw participation from Groww Founder Fund, Kunal Shah, White Venture Capital, and existing investor Capital2B. The fresh capital will be used to expand engineering and go-to-market teams, accelerate product development, strengthen international presence, and build GPU clusters. Ringg AI also plans to invest in proprietary AI models to reduce deployment cycles and remove dependency on third-party APIs. Founded in October 2023, Ringg AI is building a no-code, multilingual voice-AI orchestration platform that allows enterprises to design, deploy, and manage AI voice agents across inbound and outbound use cases. The platform is used across customer support, sales, collections, logistics, lead qualification, appointment scheduling, delivery confirmations, and candidate screening. Ringg AI currently powers around 1.5 million customer conversations per month, with nearly 77% of interactions fully automated without human intervention. Its voice agents support 18 languages, including 10 Indian languages, as well as English, Arabic, Spanish, French, German, and Bahasa. The company has over 20 enterprise customers across India, the US, and Saudi Arabia, including CRED, PharmEasy, Shiprocket, Flipkart, and Shell. The startup is testing pilots in the GCC, US-East, and North America, and plans to scale its platform to 100 million voice interactions over the next 12 months, with a longer-term target of 100 million interactions per month by 2027.

Invention Engine’s four portfolio startups secure $2.5 Mn

EntrackrEntrackr · 2d ago
Invention Engine’s four portfolio startups secure $2.5 Mn
Medial

Invention Engine’s four portfolio startups secure $2.5 Mn Invention Engine, a founder-led accelerator for early-stage AI and deep tech, has announced that four portfolio companies - Sonic Lamb, Cheerio AI, Desible.ai, and Magicroll have secured a combined approx. $2.5 million in a new funding round. Sonic Lamb, a deep-tech startup featured on Shark Tank, has raised around $1 million to scale its unique, India-designed headphones globally. The newly secured funds will be utilised to amplify the consumer brand's reach and advance its core technology and IP for expansion into automotive and pro-audio sound applications. Cheerio AI, a no-code AI marketing automation platform, has raised approx $1 million. It is an AI-powered, all-in-one customer engagement and CLTV platform and claims to have been trusted by over 150 enterprises across 6 industries and has created more than 500 crore additional revenue for its customers through intelligent retention automation. The funding will be used to build multi-modal AI capabilities. Desible.ai, an enterprise-grade conversational infrastructure platform powering revenue, compliance, and service workflows across BFSI, has raised $250K in a funding round. The platform aims to build the next generation of AI-powered voice agents: intelligent, multilingual, and empathetic. Magicroll, an AI-powered video editing platform, has raised $100K. It specialises in transforming raw content into engaging short-format videos that keep the user's voice and story central while ensuring high contextualisation and personalisation. The company will deploy the funds toward go-to-market initiatives and continued product development. Invention Engine recently opened applications for its fourth ‘ACE $100K’ cohort, marking the expansion of its early-stage investment program in India. It has increased its investment ticket to $100K (approx Rs 1 crore) ‘patient capital’ per startup. The six-month program plans to back 6–8 early-stage startups working on core AI-led innovations.

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