# Mycroft AI

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

- Industry: Software
- Headquarters: Kansas City, US
- Website: www.mycroft.ai
- Total disclosed funding: $0.4M
- Latest round: Seed (Jan 6, 2017)
- Investors on record: 9

## About

Mycroft AI, Inc. specializes in open-source conversational AI solutions, enhancing voice interaction capabilities across various platforms for diverse applications.Founded in 2015 and headquartered in Kansas City, US, Mycroft AI, Inc. develops open-source voice AI technologies. The company has completed 9 deals, with the most recent funding round being Venture Debt in January 2019, raising USD 2.14 mn from investors including Social Starts and TechNexus Venture Collaborative. The CEO is Michael Lewis, and the founder is Kris Adair, who has a history of involvement in technology ventures.Mycroft AI, Inc. specializes in open-source conversational AI solutions aimed at enhancing voice interaction capabilities across various platforms. Its primary offerings include the Neon AI Voice Platform, OpenVoiceOS's Voice AI Platform, and SmartBoomBoxes, which facilitate natural language processing and speech recognition. These products cater to diverse use cases, including text-to-speech (TTS) and speech-to-text (STT) technologies, and support the development of chatbots for both consumer and enterprise markets. The company targets markets in North America, Europe, and parts of Asia, providing tools for localization and accessibility in multiple languages and accents.The company generates revenue through subscription models and partnerships, engaging in transactions involving the licensing of its voice AI platforms and associated plugins. Flagship products like the Neon AI Voice Platform and OpenVoiceOS offer distinct pricing options based on support levels and additional capabilities. The company also facilitates transactions through its job board and community projects, fostering service offerings within the open-source ecosystem. This structure ensures scalable solutions tailored to the needs of its diverse client base.In January 2019, Mycroft AI, Inc. raised USD 2.14 mn in Venture Debt funding. The recent funding will support upcoming product launches and expansion efforts. The company plans to introduce new features and enhancements to its existing platforms throughout 2024, targeting specific markets in Asia and Europe for geographic expansion by the end of 2025.

## Funding rounds

- Seed, Jan 6, 2017 — Crowdfunder, Deep Space Ventures, Northland Angel Investor Network, Greenbice, SIRI Software GmbH
- Angel, Feb 26, 2016, $0.3M — Right Side Capital Management, Star Power Partners, Northland Angel Investor Network, Konsulko Group
- Angel, Feb 23, 2016, $0M — Techstars, Right Side Capital Management

## Investors

- Techstars (https://capitalatlas.ai/funds/techstars) — Angel
- Right Side Capital Management (https://capitalatlas.ai/funds/right-side-capital-management) — Angel
- Star Power Partners — Angel
- Northland Angel Investor Network (https://capitalatlas.ai/funds/northland-angel-investor-network) — Angel, Seed
- Konsulko Group — Angel
- Crowdfunder — Seed
- Deep Space Ventures (https://capitalatlas.ai/funds/deep-space-ventures) — Seed
- Greenbice (https://capitalatlas.ai/funds/greenbice) — Seed
- SIRI Software GmbH — Seed