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Bolna Raises Millions to Power India's Voice AI Boom
21 Jan
Summary
- Voice AI startup Bolna secured $6.3 million in seed funding.
- The company's platform caters to India's unique communication needs.
- Bolna processes over 200,000 calls daily, nearing $700,000 ARR.
The Indian market's increasing demand for voice AI solutions has propelled startup Bolna to a significant achievement. The company announced on Tuesday that it has successfully raised a $6.3 million seed round, co-led by General Catalyst and including participation from Y Combinator and other notable investors. This funding will bolster Bolna's efforts in developing an orchestration layer for AI voice technologies tailored to India's unique communication landscape.
Bolna's platform distinguishes itself by incorporating features like noise cancellation, Truecaller verification, and the ability to handle mixed languages, catering to Indian users' specific interaction styles. Notably, the startup allows users to build voice agents through simple descriptions, with 75% of its revenue stemming from self-serve customers. This approach has driven substantial growth, with Bolna now processing over 200,000 calls daily and approaching $700,000 in annual recurring revenue.
The company also pursues large enterprise deals, employing a dedicated team of forward-deployed engineers to assist clients with custom implementations. Bolna has already secured two major enterprise clients and has four more in pilot stages, underscoring the expanding adoption of its voice AI solutions across various business sectors in India.
