Voice AI Company VOIQ Closes $5 Million In Funding

By Annie Baker ● Nov 12, 2019
  • Y Combinator-backed Voice AI company VOIQ announced it has closed $5 million in total funding

VOIQ, a Y Combinator-backed company that is transforming how businesses leverage Voice AI, announced it has raised a total of $5 million in funding following a $2 million round. This round of funding was led by LEAP Global Ventures with significant investment from 10XCapital, Brian Finn (Former CEO of Credit Suisse Boston), Tom Chavez (sold company Krux to Salesforce for about $1 billion) and David Shreni (former Head of Global Mobile for Walmart).

And VOIQ CEO and founder Ricardo Garcia-Amaya pointed out that the company’s recent success is “a clear indicator that this space is about to experience hyper-growth. While industry experts predicted that AI Voice for business use would take several more years to mature, a wide range of solutions such as Amazon Alexa for Business are already emerging at a fast pace.”

There are also exciting developments around the corner for AI Voice, including more natural-sounding voices with heightened EQ and humanistic components like pausing, breathing, inflection, and tone.

LEAP was attracted to VOIQ’s strong competitive positioning and its early mover advantage in the space of AI Voice for Sales & Marketing.

“VOIQ is solving a problem that so many people believed unsolvable. Bringing human-like conversational VoiceBots to automate business calls is a game-changer for high-growth companies looking for that edge over the competition, and no startup is better positioned to deliver than VOIQ,” added LEAP Global Ventures managing partner Roman Leal.

VOIQ is working with partners like Amazon, Google, Microsoft, and IBM. And VOIQ launched its first of its kind SaaS platform in February 2019 with more than 700 companies as customers.

This investment will be used to integrate with strategic CRMs and Sales Automation Platforms that will expand the product’s accessibility to 500,000 prospective users.