SKIT, formerly identified as Vernacular.ai, is an AI-initial SaaS voice automation business. Its suite of speech and language options allow enterprises to automate their get in touch with centre operations. With more than 10 million hours of instruction information, its solution —Vernacular Intelligent Voice Assistant (VIVA) can at the moment respond in more than 16 languages, covering more than 160 dialects and replicating human-like conversations. Skit serves a wide variety of enterprise clientele across diverse sectors such as banking and economic services, which includes insurance coverage, securities and NBFCs, meals and beverage, e-commerce, automotive, and travel and tourism. Some of the prominent clientele are Axis Bank, Hathway, Porter and Barbeque Nation.
Recently, Skit announced it has secured $23 million as aspect of its Series B funding. The investment was led by WestBridge Capital with participation from Kalaari Capital and Exfinity Ventures, Angelist syndicate led by Aaryaman Vir Shah from Prophetic Ventures and Letsventure Syndicate led by Sense AI. The capital will be utilized for sales & marketing and advertising, creating delivery capabilities, R&D to speed up innovation and additional boost the firm’s goods whilst expanding globally.
The fundraising follows a Series A announcement in May 2020, led by Exfinity Ventures and Kalaari Capital, AngelList, with IAN Fund and LetsVenture also participating in the round. This Series B funding brings the startup’s total raise to $30 million. It plans to scale operations in each Indian and worldwide markets. Since the last fundraise, Skit has been capable to improve its income and client development by more than 4 occasions, creating a robust companion network across industries such as banking, insurance coverage, ecommerce, customer durables, travel & logistics, amongst other people. The business has strengthened its workforce by more than six occasions to prepare for future development.
Sourabh Gupta, CEO and co-founder, Skit, stated, “This investment comes when we are making strategic inroads into the US and South East Asian markets. Clients and investors alike have recognised the uniqueness and superiority of our product and continue to show confidence in our growth path.”