Voice AI startup Vapi raises $20 million in Bessemer, Y Combinator-backed round
Vapi, a San Francisco-based startup that helps businesses deploy artificial intelligence-powered voice agents, said on Thursday it raised $20 million from investors, including Bessemer Venture Partners and Y Combinator, in an early-stage funding round.
The fundraise valued Vapi at $130 million, according to a source familiar with the matter.
Other investors in the round included Abstract Ventures, AI Grant, Saga Ventures and Michael Ovitz, who co-founded the influential Creative Artists Agency.
Businesses looking for faster and cheaper resolution to customer queries are increasingly adopting AI voice agents, driving up interest in startups developing the technology.
«AI will fundamentally impact every vertical of the economy, with voice agents becoming a core interface for many of these applications,» said Mike Droesch, partner at Bessemer Venture, which has invested in companies such as Pinterest and Shopify.
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