SaaS Startup Murf.ai Raises $1.5M Seed Funding Led By Elevation Capital
- ByStartupStory | July 29, 2021
An AI-enabled voice-over startup Murf.ai founded by IIT Kharagpur alumni, has raised $1.5 million in seed funding led by Elevation Capital. Angel investors: Vidit Aatrey – CEO, Meesho, Sanjeev Barnwal – CTO, Meesho, Kashyap Deorahe – CEO, Hypertrack, and Ashish Goel – CEO, Urban Ladder also took part. The funds will be deployed for hiring talent, product innovation, and market expansion. The startup was established in October 2020 by IIT-Kharagpur batchmates Sneha Roy, Ankur Edkie, and Divyanshu Pandey, Murf.ai allows users to generate “human-like” voiceovers for videos and slideshows—without hiring a voice artist or using any complex recording equipment. The startup vision is to make high-quality voiceovers accessible by placing a simple online voice studio in the hands of every content creator.
Ankur Edkie, CEO and CTO, Murf.ai says on the funding, “Our AI-based voice cloning technology will also allow users to create custom clones of their voices using just a few minutes of recorded audio. It’s an exciting time to be working in this space, and this round of funding will enable us to build a passionate team of engineers and researchers to enhance our technology stack.”
The technology platform of Murf.ai is available in 15 languages, and has a customer base in over 80 countries. The startup claims it has seen a 12x growth in revenue, with 80 percent of it coming from the US and the UK. On the investment into Murf.ai, Mukul Arora, Partner, Elevation Capital said, “We believe that the (Murf.ai) team has identified a latent but deep unmet need for making voice overs easy. Given their strong tech and business capabilities, we are confident that they would be able to democratise voiceovers and scale Murf.ai to great success.”
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