Pitch deck for AI voice agent Vapi's $20 million series A fundraise
Dec 31, 2024 - businessinsider.com
In 2025, voice agents powered by AI are a major focus for venture capitalists, with startups like Vapi gaining significant attention. Vapi, a San Francisco-based company founded in 2023, recently raised $20 million in a Series A funding round led by Bessemer Venture Partners, with participation from Abstract Ventures, AI Grant, Y Combinator, Saga Ventures, and Michael Ovitz. The startup is developing a platform for creating, testing, and deploying AI voice agents in business settings, such as customer service and employee training. Vapi's CEO, Jordan Dearsley, emphasizes the company's focus on infrastructure to quickly integrate the latest voice models, offering a competitive edge by enabling customers to stay at the forefront of technology.
The interest in AI agents extends beyond Vapi, with other startups like Cognition Labs and Waveform also attracting substantial investments. Cognition Labs raised $175 million for its AI coding agent, Devin, while Waveform secured $40 million for its empathetic AI voice agents. Investors from firms like Insight Partners, a16z, and NEA anticipate that AI agents will play a significant role in the tech ecosystem, highlighting the growing excitement and potential in this space.
Key takeaways:
Voice agents using AI to understand and respond to spoken commands are a major focus for VCs in 2025.
Vapi, a startup in the AI voice agent space, raised $20 million in a Series A round led by Bessemer Venture Partners.
Vapi's platform allows developers to create, test, and deploy AI voice agents for various business applications.
Vapi's competitive advantage lies in its modular infrastructure, enabling quick integration of the latest voice models.
