AI Voice agent Agara raised $4.3 mn in pre-series A funding
Agara, the AI-driven autonomous voice agent startup headquartered in New York, raised $4.3 mn in a pre-Series A funding round led by Japan-based early-stage deeptech investor UTEC. The round also saw participation from Blume Ventures and RTP Global, the company’s existing investors.
The startup develops virtual voice agents that leverage proprietary machine learning models to understand intentions in speech, make intelligent decisions to handle queries and talk individual customers through to a resolution. Agara plans to double its team of ML research executives and data scientists in 2021. The company also plans to establish its first pure AI research team at Bangalore in 2021.
Claims that in its less than 4 years of operations, it has already filed six patents for approval in the USA, and is serving large clients such as Procter and Gamble. The company will also use the funds to accelerate product development and make a number of strategic hires for the technology, sales and marketing teams in North America.