Vapi Raises USD 20 Million to Bring AI Voice Agents to Enterprises

Vapi Raises USD 20 Million to Scale Voice AI Solutions for Enterprises
Vapi, a developer platform for Voice AI agents, has secured USD 20 million in Series A funding, led by Bessemer Venture Partners with support from Abstract Ventures, AI Grant, Y Combinator, Saga Ventures, and Michael Ovitz. The funding will help the company expand its engineering team, scale infrastructure, and serve new enterprise customers.

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Scaling Revenue and Expanding Customer Base

Founded in 2023 by Jordan Dearsley (CEO) and Nikhil Gupta (CTO), Vapi enables businesses to deploy scalable, human-like voice agents quickly, with integrations for CRMs and EHRs, and existing telephony systems. “Vapi is building the infrastructure necessary to enable this voice-first future,” the company said, noting that it has scaled revenue to millions – in six months since launch.

Customer Base

With its API-first approach, the company has partnered with businesses across various industries—including finance, healthcare, and travel. Vapi’s customers include Mindtickle, Luma Health, Ellipsis Health, and Gestionadora de Creditos. The platform aims to support the growing demand for AI-powered voice solutions, as platforms like Apple Intelligence and Google Gemini push voice assistants to a global audience.

Human-Like Voice Agents

“Over the past six months, generative voice models have begun to achieve human-level performance, in some cases even passing “the voice Turing test.” This advancement, coupled with the accessibility of voice models on consumer mobile devices, has spurred growing interest among enterprises aiming to automate business-to-customer interactions,” Vapi said in a statement on December 12.