WellSaid Labs secures $10 million in financing to continue enhancing its AI text-to-speech innovations
WellSaid Labs, the artificial intelligence text-to-speech technology company, announced it has received $10 million in a Series A funding round, enabling the company to further AI and product innovation, scale go-to-market functions, and grow the team.
The funding round was led by FUSE, with participation from previous investor Voyager, as well as Qualcomm Ventures LLC, and GoodFriends. The Series A was oversubscribed with interest from VCs given the record year-over-year growth in revenue and incredible customer demand.
With a mission to offer businesses and brands the highest quality Text-to-Speech (TTS) service imaginable, WellSaid Labs empowers content creators and product teams to create engaging voice content for infinite use-cases in streaming services, radio, programmatic advertising, digital marketing, and corporate training content.
WellSaid Labs has rearchitected TTS to resolve business’ toughest content development problems and deliver an easy way for content creators—big or small to develop all their desired content in one consistent voice that represents their brand.
WellSaid Labs’ Voice Avatar library provides access to multiple read styles and tones anyone can use for their productions. In addition, brands can create their own AI Voice Avatars to spec—capturing the likeness, style, and uniqueness of the voice needed to tell their stories in exactly the right way.
Creating natural-sounding speech from text is considered a “grand challenge” in the field of AI and has been a research goal for decades. Over the last three years, WellSaid Labs has consistently researched and developed tremendous breakthroughs in the quality, speed and reliability of neural text-to-speech systems.
"We’ve added AI Voice to the toolkit of thousands of content creators and their teams," said Matt Hocking, CEO of WellSaid Labs. "Our human-parity AI voice can be produced faster than real-time, and updated on-demand. Opening up new and exciting opportunities to 'add voice' where never before perceived possible. AI voice easily ensures every production can be created and updated efficiently at scale."
WellSaid Studio eliminates the complexities traditional text-to-speech technologies present to creatives—making the production, updating, and publishing of voiceovers extremely simple and cost effective.
Product developers access WellSaid Labs’ core AI engine via real time APIs to power up digital experiences with a reliable and scalable voice infrastructure.
For more information about this news, visit www.wellsaidlabs.com.