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Funding · AI & Deep Tech

Ringg AI raises $10 million in Series A extension

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Date
Company
Ringg AI
What it does
Enterprise AI voice and chat agents
Kind
Funding
Amount
$10 million
Stage
Series A
Based in
Bengaluru
Founded
2023
Sector
AI & Deep Tech

What they do

Ringg AI builds autonomous AI agents that handle voice, WhatsApp, and browser-based workflows for enterprises

What happened

The company raised $10 million in a Series A extension led by Peak XV Partners, bringing its total round to $15.5 million

Why it matters

The startup uses a proprietary context graph to maintain memory across different communication channels and enterprise software systems

The details

  • Bengaluru-based Ringg AI raised $10 million in an extended Series A funding round.
  • The round was led by Peak XV Partners with participation from existing investors Arkam Ventures and Capital 2B.
  • This investment brings the total Series A funding for the company to $15.5 million.
  • The company will use the capital to strengthen its platform, expand its agent capabilities, and invest in proprietary AI models.
  • Ringg AI plans to accelerate its enterprise go-to-market efforts across India and international markets.
  • The startup processes approximately 20 million call attempts every month for its enterprise clients.

The bigger picture

  • Voice AI is evolving from simple call-center automation into a broader enterprise software layer that triggers actions in business systems.
  • The company differentiates itself by owning the entire loop from conversation to action, evaluation, and improvement.
  • The Indian market is a key focus due to high volumes of phone-led customer support, sales, and collections across diverse languages.

About the business

  • Ringg AI provides AI agents that automate customer conversations and downstream business workflows.
  • The platform supports voice, WhatsApp, and browser-based interactions for enterprises.
  • Its context graph acts as a shared memory layer across customer conversations, business rules, and enterprise systems.
  • The company offers in-region and on-premise deployments to ensure data residency and compliance.
  • It is developing proprietary technology including a speech-to-text model called Parrot and upcoming small language models.
  • Customers include Policybazaar, CRED, Flipkart, Groww, Practo, Tabby, SuperNova, and GoodScore.

What happens next

  • Develop small language models to improve cost, compliance, and data residency for enterprise clients.
  • Expand enterprise go-to-market efforts in India and overseas markets.

The deal

Type
funding

Investors

  • Peak XV Partners (lead) — A venture capital firm focused on early and growth-stage investments.
  • Arkam Ventures (existing) — An early-stage venture capital firm investing in Indian startups.
  • Capital 2B (existing) — A venture fund backed by Info Edge and Temasek.

Founders

  • Siddharth Tripathi, CEO
  • Kali Charan Vemuru, CTO
  • Utkarsh Shukla, Co-founder

About Ringg AI

Product
AI voice agents and cross-channel enterprise automation agents
Customers
Businesses using voice, WhatsApp and browser workflows, including large consumer and fintech companies
How it makes money
Enterprise software sold as a platform for automation and agent workflows
What sets it apart
Combines proprietary AI models with a context graph to preserve customer context across channels
Operations
Processes about 20 million call attempts each month

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