Announcing Our $28M Series A Led by Accel

AssemblyAI has secured a $28M Series A funding led by Accel with participation from Y Combinator, Stripe founders, and others. The company aims to accelerate the development of advanced AI models for Automatic Speech Recognition, Speech Understanding, and NLP. With an increase in audio and video data on the internet, AssemblyAI's APIs are being used by hundreds of businesses and thousands of developers to convert audio into text and power various applications. Over the past year, customer base, revenue, and daily processed audio files have tripled. The new funds will be utilized for AI research and development, expanding the platform to serve more use cases for different data types.