India-based Voice AI Company Skit Raises $23M in Series B

Bengaluru, India-based Skit has announced that it has raised $23 million in its Series B funding round. The company had recently rebranded from Vernacular.ai. The round 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 Series B funding will be used to fuel the "next level of growth and product evolution" of Skit. The company will use the funding to improve its sales and marketing, delivery capabilities, and R&D.

The leading voice AI company was founded in 2016 by IIT Roorkee alumnus.

Commenting on the capital raise, Sourabh Gupta, CEO and Co-founder of Skit said, "This investment comes when we are making strategic inroads into the US and Southeast Asian markets. Clients and investors alike have recognized the uniqueness and superiority of our product and continue to show confidence in our growth path.

The global voice customer service market is valued at about $300 million, and Skit will look to address this market through its Vernacular Intelligent Voice Assistant (VIVA), an AI-based voice assistant platform.