Vapi Secures $20 Million in Series A Funding

Vapi, a San Francisco-based startup founded in 2023, has raised $20 million in a Series A funding round led by Bessemer Venture Partners, valuing the company at $130 million. The company specializes in deploying AI-powered voice agents, aiming to simplify integration for enterprises, allowing them to create custom voice applications in weeks rather than months. Vapi has quickly scaled to millions in revenue, serving industries such as healthcare and customer service, and expects to generate $8 million by year-end. The funding will be used to expand Vapi's engineering team and enhance its infrastructure to meet rising demand for AI-driven voice solutions. Industry experts project the AI voice agent market could reach $110 billion by 2028, highlighting a growing interest in this technology among businesses. Vapi's rapid growth reflects the broader trend towards adopting AI voice technology in customer interactions.