Banking And InsuranceCryptocurrencyDigital MarketingErpFood And BeveragesHealthcareLegalMarketing And AdvertisingMedia And EntertainmentMetals And MiningOil And GasRetailTelecom
Artificial IntelligenceBig DataCloudCyber SecurityE CommerceEducationGaming And VfxIT ServiceMobileNetworkingSAPScience And TechnologySecuritySoftwareStorage
CiscoDatabaseGoogleIBMJuniperM2MMicrosoftOracleOracleRed Hat
CEO ReviewCompany Review

The Silicon Review Asia

India-based Voice AI Company Skit Raises $23M in Series B

India-based Voice AI Company Skit Raises $23M in Series B

Voice AI Company Skit secures $23 million in its Series B round

Bengaluru, India-based Skit has announced that it has raised $23 million in its Series B funding round. The company had recently rebranded from The round was led by WestBridge Capital with participation from Kalaari Capital and Exfinity Ventures, Angelist syndicate led by Aaryaman Vir Shah from Prophetic Ventures and Letsventure syndicate led by Sense AI.

The Series B funding will be used to fuel the "next level of growth and product evolution" of Skit. The company will use the funding to improve its sales and marketing, delivery capabilities, and R&D.

The leading voice AI company was founded in 2016 by IIT Roorkee alumnus.

Commenting on the capital raise, Sourabh Gupta, CEO and Co-founder of Skit said, "This investment comes when we are making strategic inroads into the US and Southeast Asian markets. Clients and investors alike have recognized the uniqueness and superiority of our product and continue to show confidence in our growth path.

The global voice customer service market is valued at about $300 million, and Skit will look to address this market through its Vernacular Intelligent Voice Assistant (VIVA), an AI-based voice assistant platform. 


Salesforce Expands into Thailand, Opens Office in Bangkok

Salesforce has announced permanent presence in Thailand by launching its new office in the country’s capital, Bangkok. The permanent presence wi...

GMLL is expected to soon add two more stores to its retail arm ‘Price Mantra’

Garment Mantra Lifestyle, a popular name in the Indian fashion retail segment, recently made an announcement that the company is expanding its retail ...

Tariff plans will cost higher from the next financial year as telecom companies are gearing up to increase rates

The ongoing Covid pandemic had significantly increased the number of mobile and internet users worldwide. The high amount of usage is expected to drop...

Business Travelers to Stay at Singapore’s Changi Airport Bubble

Singapore’s open economy depends heavily on tourism and business. But its vibrant but small economy has been hurting as the circumstances due to...