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Vapi raised $20M in a Series A funding round led by Bessemer Venture Partners to expand its engineering team and scale its infrastructure.

Dec 12, 20249 months ago

Amount Raised

$20 Million

Round Type

series a

San FranciscoArtificial IntelligenceSoftware

Investors

Michael OvitzSaga VenturesY CombinatorAi GrantAbstract VenturesBessemer Venture Partners

Description

Vapi, a developer platform for deploying Voice AI agents, has secured $20 million in Series A funding. The company will use the investment to enhance its engineering team and infrastructure while targeting new enterprise customers.

Company Information

Company

Vapi

Location

San Francisco, California, United States

About

Vapi is a developer platform based in San Francisco, CA, focused on deploying Voice AI agents. Founded in 2023, it offers a flexible API that enables businesses to scale handling millions of calls quickly. The company takes a developer-first approach, allowing for custom conversation flows and integrations with existing systems. Vapi has achieved significant revenue growth within its first six months and has partnered with various industries including finance and healthcare.

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Funding Insights

Based on industry data
VC-backed spending patterns
VC-backed companies spend 89% more on sales and 100% more on marketing than bootstrapped peers
Tech investment trends
83% of B2B companies plan digital investments, with 79% prioritizing customer experience tech