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Conversational AI Platform Bland AI Raises $16M to Change Outdated Enterprise Call Practices With Automated Phone Agents

Conversational AI Platform Bland AI Raises $16M to Change Outdated Enterprise Call Practices With Automated Phone Agents

September 6, 2024 Craig Etkin

Startup building hyper-realistic AI agents emerges from stealth with funding round led by Scale Venture Partners to automate calls and visualize call data

August 28, 2024 08:00 AM Eastern Daylight Time

SAN FRANCISCO–(BUSINESS WIRE)–Today Bland AI, the platform automating phone calls for the enterprise using hyper-realistic AI agents, emerged from stealth with a $16M Series A financing round led by Scale Venture Partners. The developers of the AI Phone Calling Platform will use the funds to hire and continue helping businesses streamline a wide range of phone-based tasks, from customer support to sales to internal operations. With this financing, Bland AI has raised a total of $22M; other investors include: Y Combinator and angel investors Max Levchin the founder of Paypal, Piotr Dąbkowski the CTO of Eleven Labs CTO, Jeff Lawson the founder of Twilio, and others.

“The Bland AI agents understand human emotion, speak any language, and represent a brand like a top employee. The platform is saving businesses time and money, and enabling a whole new era of intelligent, personalized interactions at scale – and we’re excited to partner with the team as they build.”Post this

Every day enterprises are paying employees to spend countless hours at their desks dialing numbers, answering calls, and talking to leads, customers, and other businesses, only to miss a call, drop a call, or worse – transfer the call into a purgatory of elevator music. Bland AI was founded to reinvent the way businesses use the most relied upon, yet outdated telecommunication system there is: phone calls.

“Bland AI is reimagining how enterprises communicate,” said Andy Vitus, Partner at Scale Venture Partners. “The Bland AI agents understand human emotion, speak any language, and represent a brand like a top employee. The platform is saving businesses time and money, and enabling a whole new era of intelligent, personalized interactions at scale – and we’re excited to partner with the team as they build.”

The Bland AI Phone Calling Platform allows enterprises to securely/safely build, test, and deploy their own AI phone calling agents. Customers start by choosing a voice and creating a conversational pathway, a tree of prompts that dictates how the AI might respond to any given response from a customer. Once a pathway is built out, the AI agent can traverse the pathway to figure out the right response, allowing it to always stay on track and help the customer, regardless of what the AI encounters. Some notable aspects of the platform include:

  • Integrations into any other system, knowledge retrieval from documents, and the ability to transfer to a human when necessary.
  • Transcripts of calls, post call analytics, and the ability to train the AI on your own phone calling data.
  • Voice cloning, multi-language support, an AI testing system, and infinite calling scalability.

Enterprises are already generating and saving revenue with Bland AI. Customers like Better.com and Sears are creating custom AI agents, configuring and personalizing how it should react, deploying it to answer or send phone calls, extracting information to see detailed analytics, and passing any relevant data back into the company’s existing systems.

“Our mission is to fix the way businesses handle their phone communications,” says Isaiah Granet, CEO and Co-Founder of Bland AI. “The problem is that humans simply can’t work 24/7, handle millions of phone calls simultaneously, or be trained to a company’s exact liking down to its voice and behavior – but AI can, and at a fraction of the cost. We want Bland to work alongside enterprises’ employees to improve efficiency across the board.”

The Bland AI team will continue developing the platform and building an advanced analytics system to allow customers in healthcare, real estate, logistics, financial services, alternative data, and small business to visualize granular phone call data that was previously impossible to obtain. With this data, businesses can continuously optimize performance to create their perfect AI agent.

Bland AI is committed to the highest standards of trust and safety. The platform actively restricts the calls supported, ensuring that the AI phone call technology continues to benefit consumers, businesses, and society as a whole.

To test it out, start building for free, or to see open roles go to https://www.bland.ai/. For enterprises interested in a more advanced version of Bland, visit https://app.bland.ai/enterprise.

About Bland AI

Bland AI is a conversational AI platform that automates phone calls for businesses using hyper-realistic AI agents. Founded in 2023, Bland AI’s mission is to revolutionize how enterprises handle phone communications, enabling more efficient, personalized interactions at scale. Investors include Scale Venture Partners, Upfront Ventures, Y Combinator and angels. The company is headquartered in San Francisco, with a global team of AI experts and industry veterans. For more information go to https://www.bland.ai/.

Contacts

Michael Burke
Michael@bland.ai
Hello@bland.ai

(c)2024 Business Wire, Inc., All rights reserved.


Venture Capital
Bland AI, Business Wire, California, San Francisco, Venture Capital

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TAE Technologies, the leading fusion energy company developing the cleanest and safest approach to commercial fusion power, today announced that it has raised more than $150 million in its latest funding round, exceeding the company’s initial target for the round. Chevron, Google and NEA participated in the round, among other new and existing investors. TAE has the option to raise additional capital as part of this funding round. With more than $1.3 billion in equity capital raised since inception, this latest fundraise further validates TAE’s distinctive approach to commercial fusion.

In a statement Michl Binderbauer, CEO of TAE Technologies, said: “Fusion has the potential to transform the energy landscape, providing near-limitless clean power at a time when the world’s energy needs are growing exponentially due to the growth of AI and data centers. TAE’s technology uses the soundest physics to deliver superior performance in a compact machine, with attractive economics and best-in-class maintainability. We are leading the charge to develop revolutionary fusion technology for full-scale commercial deployment.”

TAE was founded in 1998 to develop commercial fusion power with the cleanest environmental profile. The company has established itself as a leader in an industry that has the potential to transform the energy economy. Since 2014, TAE and Google Research have worked together to accelerate fusion science using cutting-edge machine learning. Google engineers worked onsite at TAE facilities to co-develop advanced plasma reconstruction algorithms, leading to significantly improved plasma lifetime and performance. Fusion is nature’s preferred source of energy. It is the same process that powers the sun and stars, and it is what makes life viable on Earth. When lighter elements fuse under immense heat and pressure, they form new elements and release a tremendous amount of energy. This process is safer than conventional nuclear power because fusion can be stopped at any time – eliminating the risk of a power plant meltdown. TAE remains singularly committed to advancing the frontiers of science and innovation to benefit humanity. With a steadfast resolve to redefine the energy landscape, TAE Technologies is at the forefront of the fusion revolution, poised to usher in a new era of sustainable and limitless power generation for a better tomorrow.
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Joby Aviation, a company developing electric air taxis for commercial passenger service, announced the successful closing of the first $250 million tranche of a previously announced strategic investment from Toyota Motor Corporation. The funding marks a significant milestone in strengthening the long-term collaboration between the two companies and supports their shared vision for the future of air mobility. The investment is aimed at supporting certification and commercial production of Joby’s electric air taxi. This underscores the mutual commitment to deepening integration and delivering next generation travel to global markets. This investment also puts the two companies a step closer toward a strategic manufacturing alliance.

In a statement JoeBen Bevirt, founder and CEO of Joby said, “We’re already seeing the benefit of working with Toyota in streamlining manufacturing processes and optimizing design.” “This is an important next step in our alliance with Toyota to scale the promise of electric flight. With this capital and Toyota’s legendary production expertise, we’re enhancing our ability to scale cutting-edge design and manufacturing to meet the demands of our partners and customers.”

Joby Aviation is a California-based transportation company developing an all-electric, vertical take-off and landing air taxi which it intends to operate as part of a fast, quiet, and convenient service in cities around the world. Powered by six electric motors, their aircraft takes off and lands vertically, giving it the flexibility to serve almost any community. Flying with Joby might feel more like getting into an SUV than boarding a plane. The company's aerial ridesharing service will combine the ease of conventional ridesharing with the power of flight. A green alternative to driving that's bookable at the touch of an app. With more than 30,000 miles flown on full-scale prototype aircraft, their aircraft is designed to meet the uncompromising safety standards set by the FAA and other global aviation regulators. Joby Aviation is now engaged in a multi-year testing program with the FAA to certify their vehicle for commercial operations, and have completed the first three of five stages.
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Infinite Reality, an innovation company powering the next generation of immersive media, AI, and ecommerce, today announced a landmark real estate partnership with renowned real estate investment, development and management firm Sterling Bay to co-develop a 60-acre site in Fort Lauderdale into a next-generation technology and entertainment campus. This ambitious redevelopment—expected to open in 2026—will serve as Infinite Reality’s new global headquarters and is the cornerstone of iR’s long-term real estate strategy, which begins with this flagship project in South Florida. The public-private project marks one of the largest creative economy investments in the area to date, aiming to generate more than 1,000 new jobs with an average salary of six figures and deliver long-term economic growth to the region. Located at 1400 NW 31st Avenue on the site of a remediated former Superfund property, the development features over 100,000 square feet of Class A office space for media, tech, and enterprise clients. Construction is expected to begin in early 2026, pending completion of permitting and design phases.

In a statement John Acunto, co-founder and CEO of Infinite Reality said, “This isn’t just a headquarters—it’s the heart of Infinite Reality’s future. As a proud South Florida resident, this project is deeply personal to me.” “It’s about transforming a community I love into a global hub for immersive technology and creativity. We’re building opportunity, fueling innovation, and laying the foundation for a lasting legacy. Partnering with a world-class development firm like Sterling Bay ensures that this vision is realized at the highest level—and that Fort Lauderdale becomes a defining force in the future of the digital economy.”

In addition to serving as a corporate campus, the site will include flexible spaces for retail, production, digital broadcasting, and entertainment ventures. The development also includes educational initiatives in partnership with local institutions to train and hire future talent in STEM, immersive tech, and creative production. Infinite Reality is an innovation company powering the next generation of digital media and ecommerce through spatial computing, artificial intelligence, and other immersive technologies. Infinite Reality’s suite of cutting-edge software, production, marketing services, and other capabilities empower brands and creators to craft inventive digital experiences that uplevel audience engagement, data ownership, monetization, and brand health metrics.
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