Murf AI, a synthetic speech technology startup has raised $10 million Series A funding round led by Matrix Partners India with participation from existing investor Elevation Capital.
Angel investors such as Ajay Arora – SVP Product, Disney Streaming, Ankit Bhati – Founder, Ola, Ashwini Asokan – Founder, Mad Street Den, Pushkar Mukewar – Founder, Drip Capital and Yamini Bhat – Founder, Vymo also participated in the round.
Murf plans to use these funds to drive further product innovation, accelerate R&D, and scale its presence in focused geographies.
Founded in October 2020 by IIT-Kharagpur batchmates Sneha Roy, Ankur Edkie, and Divyanshu Pandey, Murf provides an AI-enabled SaaS tool that allows users to generate “human-like” voiceovers for videos and presentations.
In May of 2021, the company raised a $1.5 million Seed funding round led by Elevation Capital and a few angel investors.
Ankur Edkie, Co-founder and CEO, Murf AI, said, “Synthetic media is poised to become omnipresent in the near future and voice is at the core of it. At Murf, we continue to make advances in our speech technology to bring the diverse abilities of talented voice actors at our customers’ fingertips through AI. This Series A investment would further bolster our commitment towards simplifying and scaling voiceovers.”
Mukul Arora, Co-Managing Partner at Elevation Capital, said, “AI-driven, life-like voiceovers are the next frontier in the text-to-speech market. Murf, with its stellar founding team and unique IP, is perfectly poised to gain a leadership position in this space. Their execution prowess and tech-first focus is evident in the solid traction and growth that they’ve demonstrated so far. We are really excited to double down on our partnership with Murf.”
Pranay Desai, Principal at Matrix India, said, “We’re big believers that AI will reinvent every market and Murf is reinventing a multi-billion dollar category with their AI-voiceover technology. Creating voiceovers is hard, and Murf’s unique IP makes it easy for every individual to create emotional and theatrical voices—faster, better, and cheaper. With phenomenal customer love and international traction, Murf is an early category leader and we’re excited to partner with Ankur, Sneha, and Divyanshu on their next phase of growth.”