Murf AI raises $10 million in Series A round led by Matrix Partners India
- ByStartupStory | September 21, 2022
Murf AI, a synthetic speech technology startup that is transforming the way voiceovers are created, has raised $10 million in Series A round of funding led by Matrix Partners India.
The round also saw participation from existing investor Elevation Capital, as well as prominent angel investors such as Ajay Arora – SVP Product, Disney Streaming, Ankit Bhati – Founder, Ola, Ashwini Asokan – Founder, Mad Street Den, Pushkar Mukewar – Founder, Drip Capital and Yamini Bhat – Founder, Vymo,
Murf plans to utilise these funds to drive further product innovation, accelerate R&D, and scale its presence in focused geographies.
“Synthetic media is poised to become omnipresent in the near future and voice is at the core of it. At Murf, we continue to make advances in our speech technology to bring the diverse abilities of talented voice actors at our customers’ fingertips through AI. This Series A investment would further bolster our commitment towards simplifying and scaling voiceovers,” said Ankur Edkie, Co-Founder and CEO, Murf AI.
“AI-driven, life-like voiceovers are the next frontier in the text-to-speech market. Murf, with its stellar founding team and unique IP, is perfectly poised to gain a leadership position in this space. Their execution prowess and tech-first focus is evident in the solid traction and growth that they’ve demonstrated so far. We are really excited to double down on our partnership with Murf.”, commented Mukul Arora, Co-Managing Partner, Elevation Capital.
“We’re big believers that AI will reinvent every market and Murf is reinventing a multi-billion dollar category with their AI-voiceover technology. Creating voiceovers is hard, and Murf’s unique IP makes it easy for every individual to create emotional and theatrical voices—faster, better, and cheaper. With phenomenal customer love and international traction, Murf is an early category leader and we’re excited to partner with Ankur, Sneha, and Divyanshu on their next phase of growth,” commented Pranay Desai, Principal, Matrix India.
Murf was founded by IIT-Kharagpur batchmates Sneha Roy, Ankur Edkie, and Divyanshu Pandey in October 2020. It provides an AI-enabled SaaS tool that allows users to generate “human-like” voice overs for videos and presentations. The company successfully raised a $1.5 million Seed funding round led by Elevation Capital and other angel investors in May 2021.
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