Skip to content

Ringg AI secured $5.5 million in a series A funding round led by Arkam Ventures

Ringg AI secured $5.5 million in a series A funding round led by Arkam Ventures
Ringg AI $5.5 million funding

SUMMARY

Ringg AI has secured $5.5 million (approximately ₹48 crore) in a Series A round. Arkam Ventures led this massive capital inflow. Other key investors who joined this venture include the Groww Founder Fund, Kunal Shah, and White Venture Capital. Current investor Capital2B was also a part of the round, and this is an indication of ongoing confidence in the vision of the company. The capital is a turning point for the startup because it is determined to establish itself in the constantly changing environment of conversational AI.

Fresh capital and the platform’s versatility

The new capital will be invested in some important growth projects. Much of the investment will be channelled into the construction of GPU clusters and creating their own artificial intelligence models. Building its own models will allow Ringg AI to cycle faster in deployments and remove its existing reliance on third-party APIs, improving the effectiveness and independence of the platform.

Ringg AI has rapidly differentiated itself through the development of a no-code, multi-lingual voice-AI orchestration platform. This new technology enables businesses to build, implement, and operate AI voice agents in a highly diverse set of inbound and outbound applications.

The flexibility of the platform is reflected in its use in different business units, such as customer support, sales, collections, logistics, lead qualification, and scheduling of appointments. It is also being applied to more precise tasks, including delivery confirmations and screening candidates, which turns into an all-inclusive answer to the needs of the modern enterprise.

The technical features of the platform are also emphasised by the fact that it supports 18 languages. This contains 10 Indian languages and the world languages like English, Arabic, Spanish, French, German, and Bahasa. Ringg AI allows businesses to interact well with a wide range of customers and a global customer base by providing a wide range of linguistic assistance.

The performance of the platform can be shown in its current performance indicators, which show that it drives about 1.5 million customer conversations monthly. Almost 77% of these interactions cannot be handled by human people, and so, this is a demonstration of the high level of sophistication of their AI voice agents.

Ringg AI has already brought more than 20 enterprise clients to major markets such as India, the United States, and Saudi Arabia. Its remarkable client list comprises large companies like CRED, PharmEasy, Shiprocket, Flipkart, and Shell. These collaborations indicate the capability of the platform to be used in high-scale and high-demand settings. To expand its influence, the startup is in the process of piloting in the GCC (Gulf Cooperation Council), US-East, and North America, a clear indication of its desire to be the leader in the international voice AI market.

Conclusion

The successful Series A round, led by Arkam Ventures, makes Ringg AI a force in the voice AI industry. By specialising in proprietary technology and its no-code business model, the start-up is clearing the obstacles to large-scale automation in enterprise communications. The shift to independent AI models and dedicated GPU infrastructure may also give the company the competitive advantage that it will require in order to continue growing rapidly when it extends its presence to India and the global markets.

Millions of automated conversations are already being held every month by Ringg AI, which is well underway to reinvent the process of business and consumer interaction using voice as a powerful tool.

Note: We at scoopearth take our ethics very seriously. More information about it can be found here.

Publish Your Startup Story