🎤 Video & Voice AI startups in the spotlight

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Top picks from last week 🚀 (June 19 - 25th)

A quick highlight

Captions raises a $25M Series B at a $250M valuation for a suite of video creation tools

Captions is an AI-powered video editing app that was founded in 2021 by Dwight Churchill and Gaurav Misra. The company's investors include Kleiner Perkins, Sequoia Capital, a16z & others. The company plans to use the funding to expand its team and develop new features.

Captions helps make video editing more accessible to more than 3 million creators. The app's AI-powered features can help creators to create more engaging and accessible videos, regardless of their technical skills. Captions also has the potential to democratize video editing, making it possible for anyone to create high-quality videos that can be understood by a global audience.

Eleven Labs raises a $19M Series A at a $100M valuation to create synthetic voices

Eleven Labs, founded in 2021 by Michael McDonald and Matt Margolis, raised $19 million in funding from a16z & prominent angels like Instagram co-founder Mike Krieger, Oculus co-founder Brendan Iribe, Deepmind, and Inflection AI co-founder Mustafa Suleyman.

The company's technology can be used to create realistic and human-like voices that can be used for a variety of purposes, including creating content, training AI models, and even generating synthetic speech for people who have lost their voices.

Outbound AI raises a $16M Seed Round to build conversation AI for Healthcare

Outbound AI, founded in 2021 by Matt Wiggs and Josh Beck, has raised $16 million in seed funding to accelerate the growth of its AI-powered virtual agents that perform administrative tasks. The round was led by Madrona Venture Group and SpringRock Ventures.

Outbound AI's virtual agents are designed to help healthcare providers and service organizations offload administrative tasks, such as scheduling, managing patient records, and following up with patients. The company says that its virtual agents can operate at up to four to five times the pace of their human counterparts, while also being more accurate and efficient.

Parrot raises a $11M Series A to make lawyers more productive

Parrot, founded in 2019 by Eric Baum and Bryan Baum, raised $11 million in Series A funding led by Amplify Partners and XYZ Venture Capital.

Parrot's platform is designed for the legal and insurance industries, and it can be used to transcribe depositions, interviews, and other audio recordings. The platform is powered by a proprietary AI engine that is able to transcribe speech with high accuracy.

The company says that its platform is currently being used by a number of law firms and insurance companies, and it plans to use the new funding to expand its team and develop new features for its platform. Parrot also plans to expand into new markets, such as the healthcare and financial services industries.

Kaito AI raises a $5.5M Series A at an $87.5M valuation to build a search engine for digital assets

Kaito, founded in 2021 by Daniel Goldman and Daniel Kohn, raised $5.5 million in a Series A funding round at an $87.5 million valuation led by early-stage crypto venture capital (VC) firms Superscrypt and Spartan.

Kaito's search engine combines real-time data with large language models like ChatGPT. This allows users to search for information on crypto projects, news, and events in a more comprehensive and informative way. The company also plans to use the funding to develop new features, such as the ability to track crypto portfolios and identify investment opportunities.

Other Events 📢

• Cognaize, a document automation platform Raises $7.4M.

• Invoke AI, a tool that generates and creates visual media raises a $3.75M seed round.

• Metal, an LLM developer platform raises a $2.5M Seed Round. Read more

• Wokelo AI, a platform for accelerated business research raises a $1M pre-seed round.

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Bonus 🔥

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