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Sg Startup Ai Rudder Bags $50M In Series B Led By Tiger Global, Coatue

PRIVATEMar 08, 2022•over 4 years ago

Amount Raised

$50 Million

Round Type

Series B

Description

Singapore-based voice artificial intelligence (AI) company AI Rudder has raised $50 million in a Series B round from US funds Tiger Global and Coatue.

Company Information

Company

Ai Rudder

About

They were joined by existing investors Sequoia Capital India and Huashan Capital, the company said in a statement. The company claims to have increased its revenue by fourfold year-on-year in 2021, while its annual recurring revenue tripled in 2021 due to a growing client roster.“We discovered that a number of our portfolio companies rely heavily on their technology to deliver game changing customer experiences,” said Nicolas du Cray, a partner at Cathay Innovation in a statement. Currently, the platform supports more than 15 languages including English, Bahasa, Mandarin Chinese, Hindi, Spanish, Tagalog, Tamil, Thai, Vietnamese. Founded in July 2019, AI Rudder provides companies in financial services and e-commerce with AI-powered voice assistants that can recognize Southeast Asian accents and languages such as Mandarin Chinese and Tagalog. AI Rudder, which also has offices in Jakarta and Shanghai, is not the first Southeast Asian AI voice assistant company to receive funding this year.

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Funding Insights

Based on industry data
Timeline to next round
Series B companies typically work for 15-20 months before raising new capital
Growth expectations
Series B companies are expected to scale rapidly and expand market reach
Tech investment trends
83% of B2B companies plan digital investments, with 79% prioritizing customer experience tech

Ai Rudder raised. Fundz records a round at a median of 3.6 minutes from the SEC filing, with the decision-maker attached.

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