Vowel, a virtual meeting platform startup based in New York, recently announced it has received $13.5 million in new funding after completing its Series A investment round.
The round was led by Lobby Capital, and brings Vowels current investment capital amount to $17.8 million. According to a report from VentureBeat, Vowel CEO Andy Berman commented that the new funding will primarily go toward product development, and to add new members to the Vowel team.
The popularity of video conferencing has been continuously rising over the last decade, but has made a serious leap forward in usage as a result of the pandemic. Major video conferencing leaders like Zoom and Microsoft (News - Alert) Teams have attempted to maintain dominance within the market, but Vowel intends to separate itself from the competition with support from artificial intelligence. The Vowel platform utilizes AI to solve conferencing issues, such as optimization, text-to-speech translation, and device coordination for consistent quality.
“Every company is navigating new ways of working, whether people have returned to the office, are continuing to work from home, or both. Hybrid work needs new tools and so there’s more interest than ever,” Berman said to VentureBeat. “Our goal is to make meetings more inclusive and worthwhile — before, during, and after. That means focus on the entire lifecycle of meetings — the prep before, the conversation during, and the follow up after. Our growing team is building features to facilitate this process, and we’ll be shipping quickly this fall and beyond.”
Edited by Maurice Nagle