AssemblyAI's AI models are designed to perform tasks like speech-to-text, identifying speakers, moderating content, and summarizing speech through an API. Despite competition from other startups and tech giants, AssemblyAI claims its models are more advanced, accurate, and feature-rich. The company's CEO, Dylan Fox, envisions AssemblyAI as the "Stripe for AI models", providing easy access to state-of-the-art AI through a simple API.
Key takeaways:
- AssemblyAI, an applied AI venture, has seen significant growth with its customer base increasing by 200% to 4,000 brands and its platform handling around 25 million API calls per day.
- The company recently raised $50 million in a funding round led by Accel, bringing its total capital raised to $115 million.
- AssemblyAI offers AI models designed for tasks like speech-to-text, identifying speakers, moderating content and summarizing speech through an API.
- The company plans to use a portion of the new funding to develop a 'universal' speech model and expand its workforce by 50% to 75% next year.