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AssemblyAI raises USD 50 million in Series C funding to expand workforce and AI training capabilities
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Dec 4, 2023
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Dec 4, 2023

AssemblyAI raises USD 50 million in Series C funding to expand workforce and AI training capabilities

Funding

  • AssemblyAI has raised USD 50 million in Series C funding led by Accel, with participation from former Salesforce co-CEO Keith Block, GitHub ex-CEO Nat Friedman, Daniel Gross, Insight Partners, and Y Combinator.

  • The company intends to utilize the funds to expand its workforce, enhance customer acquisition efforts, and bolster its AI training capabilities. Specifically, AssemblyAI aims to invest in additional compute infrastructure tailored for AI training purposes. This expanded infrastructure will facilitate the development of a wider range of neural networks, contributing to the company's growing portfolio in this domain.

  • AssemblyAI positions itself as an "applied AI" enterprise focused on researching, training, and deploying AI models. Its primary objective is to provide developers and product teams with AI models that can be integrated into their applications and services.

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