Synthetic speech startup Murf AI earns $10M in Series A

September 21, 2022 – Murf AI as we speak introduced a $10 million Sequence A funding spherical led by Matrix Companions India with participation from present investor Elevation Capital in addition to angel traders. Murf plans to make use of this cash to drive extra product innovation, speed up analysis and improvement, and increase its presence in targeted geographies.

Based in October 2020 by classmates IIT-Kharagpur Sneha Roy, Ankur Edkie and Divyanshu Pandey; Murf supplies an AI-powered SaaS instrument that enables customers to create “human-like” audio sums for movies and displays – with out the necessity for complicated recording tools or an audio artist.

“Artificial media is poised to change into ubiquitous within the close to future and sound is at its core,” stated Ankur Idke, CEO of Murf. “At Murf, we proceed to make advances in our speech know-how to carry the varied capabilities of gifted voice actors throughout the attain of our clients by way of synthetic intelligence. This Class A funding will reinforce our dedication to simplifying and scaling voice suggestions.”

In Could of 2021, the corporate raised a $1.5 million funding spherical that helped them recruit expertise and spend money on each product innovation and person acquisition. Since then, Murf has grown 22 occasions in ARR and has compiled over 1 million audio initiatives.

In accordance with market studies, the worldwide textual content to speech quantity is predicted to achieve $7.06 billion by 2028, at a compound annual development price of 14.7%. As well as, the audio commentary and dubbing market is predicted to generate a complete of $8 billion yearly by 2027. By making the most of this unparalleled alternative, Murf goals to make high-quality audio accessible to all by organising a easy but efficient audio studio. An internet powerhouse in each content material creator’s hand. From conversational to formidable, informal to dependable, enthusiastic to unhappy, exhilarating to indignant, Murf AI’s voices can simulate quite a lot of talking kinds and tones. The corporate has high-quality AI audio for each use case, together with e-learning, promoting, podcasts, L&D, and audiobooks.

Whereas text-to-speech has been round for years, limitations in high quality have restricted using the know-how primarily to IVR and chat bots. Nevertheless, current advances in synthetic intelligence and deep studying have made it potential to construct synthetic voices that mimic pure pronunciations and the pronunciation of human speech. Murf’s AI engine has been skilled on hours of precise human speech to provide high-fidelity AI voices that mimic nuances and precision, together with the similarity, model, and uniqueness of the human voice. Over 120 AI voices for human parity supplied by Murf Studio throughout 20+ languages ​​wealthy in emotion and intonation. The startup can be bridging the variety hole present in conventional scripts for speech platforms by guaranteeing that voices are included throughout dialects as various as American English, British and Australian English.

Much like the human mind, Murf’s AI-powered TTS can monitor and be taught from an unlimited quantity of contextual data to return a related response. Appearing as an all-in-one audio answer, the easy-to-use AI audio generator permits customers so as to add images, movies, background music, and sync voiceover with visuals and music. The platform additionally provides core options of Clever Pronunciation utilizing IPA, voice customizations that allow customers to alter pitch, pause, focus, velocity, and the flexibility to breed the voice.

About Murf AI

Murf AI helps corporations simplify the method of making pure sounds utilizing synthetic intelligence. The corporate’s AI-powered Saas instrument permits customers to create lifelike sounds for his or her content material in a matter of minutes. From L&D, educators, authors, and podcasters to animators, product builders, YouTubers, freelancers, and company coaches, the platform has the voice of each innovator throughout all industries. Murf’s curated audio library of over 120 lifelike AI voices in additional than 20 languages ​​is good for these on a good funds who wish to create voiceovers at scale. Murf’s geographic footprint extends throughout the globe, with 80 % of its clients coming from america, Canada and the European Union.

Supply: Murf AI