Singapore-based voice artificial intelligence startup raises US$50-million in Series B funding round led by Tiger Global and Caotue

Al Rudder was founded in 2019 to develop advanced voice AI technology to help businesses solve B2C communication challenges across various industries, including fintech, insurance, banking and finance, and e-commerce. 

AI Rudder stands out from the rest of the competition as the company’s AI-powered voice assistants can recognize Southeast Asian accents and languages such as Mandarin Chinese, Tagalog, Bahasa, Thai, Vietnamese, etc. 

Recently, the Singapore-based voice artificial intelligence (AI) company AI rudder has raised US$50-million in a Series B round from US funds Tiger Global and Coatue. This is in addition to the US$10-million raised in a Series A round in November 2021 and US$3-million raised in total in two seed rounds in 2020, which brings AI Rudder’s total funding in the last 12 months to US$60-million. 

The Co-founder and Managing Director of the company recently said in a statement that “Advancements in the machine and deep learning technologies are opening new possibilities for voice AI to be more human-like. This fresh infusion of capital will support continuous enhancements to our suite of products, enabling our clients to deliver more frictionless digital experiences to their customers.” 

The startup plans to use the new investment to double its headcount, add more clients, and increase its global presence. Currently, the platform can recognize and support more than 15 languages, including English, Bahasa, Chinese, Hindi, Spanish, Tamil, Thai, Tagalog, and Vietnamese. It plans to add Arabic, Cantonese, French, German, Japanese, Korean, and Portuguese to its platform. 

Today, AI Rudder has more than 200 clients and claims to have experienced 400 percent revenue growth year on year. 

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