Rammer.AI wants to help put “conversational intelligence” capabilities in the hands of more developers.
The Seattle startup just reeled in a $1.8 million seed round led by Flying Fish Partners, with participation from Revel Partners and angel investors Scott
Heimes, Eric Harber, and Nirav Desai.
The company, which graduated from the most recent Techstars Seattle cohort in May, is developing software that allows companies to generate insights from voice or text conversations natively as part of their existing tools. For example, it can be used during meetings to produce transcriptions that make follow-ups and action items more seamless.
“While there are products like Gong or Chorus that use their own Conversational Intelligence to power the experience of their product, we are democratizing access to this intelligence and making it available to other products out there that can get a jump start on adding more value to their conversational workflows,” said Rammer.AI CEO and co-founder Surbhi Rathore.
Rathore previously worked at Amdocs in India before launching Rammer.AI in April 2018 with co-founder Toshish Jawale, her former colleague at Amdocs.
The startup was previously based in the Bay Area but relocated after going through Techstars Seattle. It employs 11 people between Seattle and Pune, India, with plans to grow the team following the latest funding round.
“Similar to how Twilio seamlessly enables business communications, Rammer.ai is democratizing access to intelligence on top of these channels of communications,” Flying Fish Partners’ Geoff Harris, who will join Rammer’s board, said in a statement. “Their first API offering for voice and video conversations, fundamentally transforms the value businesses get from meetings — typically one of the most expensive investments companies make each day.”
The speech and voice recognition market is expected to reach $31.8 billion by 2025, according to Grand View Research. The company is part of a broader trend of startups taking different approaches to transcription-related services. Others include Trint and Kristalic, another Techstars Seattle grad that raised its own seed round in July and aims to build a “personal memory bank” from audio recordings. Tech giants such as Facebook, Microsoft, Amazon, Apple and others are also investing heavily in voice-related products.
Other recent Techstars Seattle grads to raise investment include Adaptilab, which is building a technical screening platform that helps companies interview potential new hires.