Technology
Indian voice AI startup Ringg raises $10 million in Series A extension
The funding from Peak XV Partners brings the company's total Series A round to $15.5 million as it expands into complex enterprise workflows.
The short version
- Indian startup Ringg has secured a $10 million Series A extension from Peak XV Partners, raising its total Series A funding to $15.5 million.
- The company, which began as a text-to-speech platform named DesiVocal, now develops voice AI agents to automate workflows such as healthcare bookings, cart recovery, and onboarding.
- Ringg plans to use the capital to expand its workforce and target Global Capability Centers to sell its automation services globally.
Key facts
- Ringg raised $10 million from Peak XV Partners as a Series A extension, bringing its total Series A funding to $15.5 million.[TechCrunch]
- The startup processes approximately 20 million call attempts per month.[TechCrunch]
- Ringg was originally established as DesiVocal, a text-to-speech startup, before pivoting to enterprise voice AI agents due to the high cost of training its own speech models.[TechCrunch]
- The company's enterprise clients include Indian firms such as Cred, Flipkart, Practo, Groww, and PolicyBazaar, as well as multinational corporations like Shell.[TechCrunch]
- Ringg currently employs 40 people and is actively hiring for researchers and forward-deployed engineers.[TechCrunch]
What remains uncertain
- It is not yet known whether Ringg will be able to achieve its long-term goal of owning its full voice stack, including infrastructure and deployment, which currently remains too expensive.[TechCrunch]