AI voice startup Vapi has secured $50 million in Series B funding, reaching a $500 million valuation. This funding round was led by Peak XV Partners and includes investment from Microsoft's M12, Kleiner Perkins, and Bessemer Venture Partners. Vapi's growth was significantly boosted by Amazon Ring's decision to route 100% of its inbound customer support calls through Vapi's platform, a choice made after evaluating over 40 competing AI voice vendors. The company plans to use the new capital to expand its engineering, infrastructure, and go-to-market teams. AI
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IMPACT Accelerates enterprise adoption of AI voice agents for customer support and sales.
RANK_REASON AI company funding round exceeding $100M.