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Voiceflow raises $15M to build the ‘Figma’ of conversational AI

Aug 15, 2023 - venturebeat.com
California-based startup Voiceflow, which aims to be the 'Figma' of conversational AI, has raised $15 million in a funding round led by OpenView Venture Capital. The funds will be used to expand the product's capabilities and enable more teams to build conversational AI agents for various use cases. The company, which works with around 130,000 users from 450 enterprises, has raised a total of $35 million, with its valuation increasing by 50% to $105 million.

Voiceflow offers a collaborative platform for teams to design, build, test, and deploy conversational AI agents. The platform can deliver AI agents two times faster than other solutions and can reduce the time to review and test the agent by 75% and 50% respectively. With the new funding, Voiceflow plans to launch new product innovations and add a large language model (LLM)-powered AI Builder.

Key takeaways:

  • Voiceflow, a startup aiming to build the 'Figma' of conversational AI, has raised $15 million in a funding round led by OpenView Venture Capital, bringing its total capital raised to $35 million and its valuation to $105 million.
  • The company offers a collaborative platform for teams to design, build, test, and deploy conversational AI agents, and currently works with around 130,000 users from 450 enterprises, including several Fortune 500 companies.
  • Voiceflow claims it can help teams deliver AI agents for any channel or use case two times faster than other solutions, and reduce the time to review and test the agent by 75% and 50%, respectively.
  • With the new funding, Voiceflow plans to expand its product's capabilities, launch new product innovations, and add a large language model (LLM)-powered AI Builder to enable teams to build and deploy agents for customer support and more.
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