Funding · AI & Deep Tech
Ringg AI raises $10 million in Series A extension
By Startup Enthusiast ·
- 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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