# AssemblyAI

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/assemblyai

- Industry: Software
- Headquarters: San Francisco, US
- Website: www.assemblyai.com
- Total disclosed funding: $100M
- Latest round: Series C (Dec 3, 2023)
- Investors on record: 4

## About

Based in California, US, and founded in 2017 by its CEO, Dylan Fox, AssemblyAI, Inc. operates as a speech-to-text API that automatically converts audio or videos file to text. In February 2022, AssemblyAI, Inc. raised USD 28 in series A funding led by new investor Accel, with participation from another new investor Y Combinator. Individual investors also participated in the round. 

AssemblyAI, Inc.'s product offering includes core transcription, which uses artificial intelligence to convert audio/video files, and live audio streams, into text automatically, audio intelligence to build applications with features like summarization, entity detection, content moderation, speaker diarization, sentiment analysis, and PII redaction. The company's client base includes Algolia, Liine, Fathom, CallRail, Convirza, and Veed.IO.

AssemblyAI, Inc. generates revenue through its software subscription starting at USD 0.00025 per second.

The company will use the series A funding to accelerate its AI models for automatic speech recognition, speech understanding, and NLP.

## Funding rounds

- Series C, Dec 3, 2023, $50M — Accel, Insight Partners, Y Combinator, Smith Point Capital
- Series A, Jul 14, 2022, $30M — Accel, Insight Partners, Y Combinator
- Series A, Feb 17, 2022, $20M — Accel, Y Combinator

## Investors

- Accel (https://capitalatlas.ai/funds/accel) — Series A, Series C
- Y Combinator (https://capitalatlas.ai/funds/y-combinator) — Series A, Series C
- Insight Partners (https://capitalatlas.ai/funds/insight-partners) — Series A, Series C
- Smith Point Capital (https://capitalatlas.ai/funds/smith-point-capital) — Series C