Announcing our $50M Series C to build superhuman Speech AI models

AssemblyAI has raised $50M in Series C funding led by Accel, bringing its total funds raised to $115M. The company specializes in creating superhuman Speech AI models that unlock new opportunities for organizations across various industries. Over the past two years, advancements in larger datasets, better compute, and new neural network architectures have enabled significant progress in AI models. AssemblyAI's Conformer-2 model demonstrates industry-leading accuracy and robustness for speech-to-text and speaker identification tasks. The company is also working on a next-gen Universal model, trained on over 10M hours of voice data using Google's TPU chips. AssemblyAI serves over 25 million inference calls and processes over 10TB of voice data daily for clients like Fireflies.ai, Veed, TypeForm, Close, Loop Media, and CallRail. The new funding will support research plans, model development, training compute, market expansion, and team building efforts.