GreyLabs AI Secured $1.5 Million in its Seed Funding Round Led by Matrix Partners India

We are discussing GreyLabs AI Secured $1.5 Million in its Seed Funding Round Led by Matrix Partners India:

Speech analytics AI startup GreyLabs AI secured 1.5 million USD in its seed funding round led by Matrix Partners India. This startup offers a speech analytics platform to financial institutions. Angel investors participated in the seed funding round, including Vasant Sridhar, the founder of OfBusiness, Nitin Gupta, Uni Cars, and Narasimha Redd, the founder of MoEngage.

This AI startup focuses on revolutionizing how workable insights from unstructured data are extracted in banks, fintech, and financial institutions, especially from speech data generated in email and call centers. GreyLabs AI aims to help companies extract data insights from their unstructured data, including email and call recording data. This speech analysis platform enables organizations to automate the agent training process and call quality assurance to help them enhance overall operational efficiency by compiling with regulatory guidelines.

The company plans to use these fresh proceeds to build more innovative artificial intelligence solutions for the enhanced platform, team expansion, and enhancement of its technology to increase the platform’s performance capability. The CEO of GreyLabs AI, Aman Goel, told ET that the company is building a team to improve and develop new features. The AI startup claims to have seven customers and aims to have more than 30 clients by the end of this financial year. The organization is planning to  use this fund to build the next phase of product and market expansion 

This startup was founded by Harshita Srivastava and Aman Goel. It expects to reach a 1 million USD revenue mark by this fiscal year. The GreyLabs AI team co-founded a conversational AI platform for financial institutions and fintech sectors known as Cogno AI, which was later acquired by Exotel in 2021. The startup competes with other AI platforms, including Mihup, Uniphore, Reverie, and Contiinex. 

Conclusion

GreyLabs is a speech analytics AI startup that has secured a $1.5 million investment in a seed funding round led by Matrix Partners India. The seed funding round had participation from angel investors, including the founder of OfBusiness, Vasant Sridhar, founder of Uni cars Nitin Gupta, and Founder of MoEngage Narasimha Redd, among others. GreyLabs AI aims to help companies extract data insights from their unstructured data, including email and call recording data. The company plans to use these fresh proceeds to build more innovative artificial intelligence solutions for the enhanced platform, team expansion, and enhancement of its technology to increase the platform’s performance capability. 

This speech analysis platform enables organizations to automate the agent training process and call quality assurance to help them enhance overall operational efficiency by compiling with regulatory guidelines. ET reports that the company is building its team to develop and improve its features while creating new ones and expanding its nationwide network. The speech analysis AI startup plans to use the funds to expand its services and customer base in India.