Observed Signal · Jun 27, 2024 · Funding · Source: Tech.eu · Impact: 2/5 · Sentiment: Positive
Synthflow Raises $7.4M Seed for AI Phone Calls
Synthflow AI, a no-code platform for building AI voice assistants for small and medium-sized businesses, announced $7.4 million in seed funding. The round was led by Singular, with participation from existing investor Atlantic Labs and others, including the founders of Krisp AI. The company plans to use the funds to enhance its platform, accelerate R&D, and grow its tech team to handle more complex tasks and expand into non-English-speaking markets like Germany and France. Since emerging from stealth in December 2023, Synthflow has grown double-digit month-on-month and nears 1,000 customers. Total funding to date is $9.1 million, following a $1.7 million pre-seed round led by Atlantic Labs in August 2023.
Seed funding for an AI voice assistant platform demonstrates continued investment in conversational AI for SMBs, but impact on the broader AdTech industry is limited.
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Key Takeaways & Evidence Grounding
- Synthflow AI raised $7.4 million in seed funding.
- The seed round was led by Singular, with participation from Atlantic Labs.
- Total funding to date is $9.1 million, including a $1.7 million pre-seed round.
- Synthflow AI was founded in 2023 and has neared 1,000 customers.
- The funding will be used for R&D and to expand the tech team for international growth.
Connected Companies & Entities
2 Entities mapped“led by Singular...”
“with participation from existing investor Atlantic Labs and investors including the founders of Krisp AI....”
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