Murf AI Raises $10M in Series A Funding Led by Matrix Partners India
Start of synthetic speech technologyraised $10 million in a Series A funding round led by Matrix Partners Indiawith the participation of the existing investor Elevation Capital.
The round also saw the participation of prominent angel investors, including Ajay AroraSVP Product, Disney Streaming; Ankit BhatiFounder, Ola; Ashwini AsokanFounder, Mad Street Den; Pushkar Moukewar, Founder, Drip Capital; and Yamini BhatFounder, Vimo.
Murf plans to use these funds to further drive product innovation, accelerate R&D and expand its presence in targeted geographies. The capital will be used to expand Murf’s core synthetic voice technology capabilities, evolve its voice catalog and expand the company’s reach globally, among other product developments.
“Synthetic media is set to become ubiquitous in the near future and voice is at its heart. At Murf, we continue to advance our voice technology to bring the diverse capabilities of talented voice actors to our clients through AI,” said Ankur Edkieco-founder and CEO, Murf AI.
Murf says he’s powered by AI STT can track and learn from a large amount of contextual information to return a relevant answer. The AI voice generator allows users to add images, videos and background music and synchronize voiceover with visuals and music. The platform also offers key features for smart pronunciations using IPA, voice customizations that allow users to change pitch, pause, emphasis, and speed, and the ability to clone a voice.
“Murf, with its stellar founding team and unique intellectual property, is perfectly positioned to gain a leadership position in this space. Their execution prowess and focus on technology is evident in the strong traction and growth they have demonstrated so far”, commented Mukul Aroraco-manager, Elevation Capital.
Murf helps companies simplify the process of creating natural-sounding voiceovers using AI. The company’s AI-powered SaaS tool allows users to create realistic voiceovers for their content. From training and development, educators, authors, and podcasters to animators, product developers, YouTubers, freelancers, and business coaches, the platform has a voice for every creator in every industry.
The vocal library organized by the startup of 120+ realistic sounding AI voice in 20+ languages, is ideal for those on a tight budget who want to create large-scale voiceovers. Murf’s geographic footprint spans the globe, with 80% of its customers coming from the US, Canada and EU regions.
“We strongly believe that AI will reinvent every market and Murf is reinventing a multi-billion dollar category with its AI voiceover technology. Creating voiceovers is tough, and Murf’s unique IP makes it easy for every individual to create emotional and theatrical voiceovers, faster, better, and cheaper,” commented Pranay DesaiPrincipal, Matrix India.