# Retell AI

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

- Industry: Software
- Headquarters: Saratoga, US
- Website: www.retellai.com
- Total disclosed funding: $4.1M
- Latest round: Seed (Apr 8, 2024)
- Investors on record: 3

## About

Retell AI Inc., based in the US, provides innovative software solutions utilizing AI voice agents to enhance customer interaction and boost operational efficiency across various business sectors.Founded in 2023 in Saratoga, US, Retell AI Inc. specializes in AI voice agent solutions. The company was co-founded by Bing Wu, Evie Wang, Todd Li, Weijia Y, and Zexia Zhang. In April 2024, the firm raised USD 4.1 million in Seed funding, co-led by Alt Capital and Y Combinator, with participation from Carya Venture Partners.Retell AI specializes in providing advanced AI voice agent solutions that streamline customer interactions and enhance operational efficiency for businesses across various sectors. The core product offerings include customizable AI voice agents that integrate seamlessly with a company’s existing knowledge base and telephony systems. These agents automate tasks such as call handling, appointment scheduling, and navigating IVR systems, significantly reducing the need for human intervention. Retell AI's technology is particularly beneficial for industries such as healthcare, financial services, logistics, and customer support, where efficient communication is critical. The company's solutions have been implemented by a diverse client base, indicating broad market acceptance.Retell AI operates on a pay-as-you-go pricing model, charging clients based on the usage of its services, specifically USD 0.07 per minute for AI voice agent interactions. This transaction structure allows businesses to only pay for the minutes they utilize, eliminating the burden of platform fees or subscription costs. Numerous companies leverage Retell AI for various use cases, such as automating customer service calls or scheduling appointments, creating a steady revenue stream based on their usage patterns.In April 2024, Retell AI Inc. raised USD 4.1 million in Seed funding to support its growth initiatives. The company plans to launch new products aimed at enhancing AI voice agent capabilities and expand into new geographical markets, specifically targeting Europe and parts of Asia by the end of 2025. The recent funding will be utilized to develop these upcoming products and facilitate market entry.

## Funding rounds

- Seed, Apr 8, 2024, $4.1M — Y Combinator, Carya Venture Partners, Alt Capital

## Investors

- Y Combinator (https://capitalatlas.ai/funds/y-combinator) — Seed
- Carya Venture Partners (https://capitalatlas.ai/funds/carya-venture-partners) — Seed
- Alt Capital — Seed