Sanas raises $32 million for breakthrough AI technology for real-time accent translation

Record Series A Round will be used to further develop AI-based technology and expand business in the U.S. and overseas

PALO ALTO, Calif., June 22, 2022 /PRNewswire/ — Sanas, the world’s leading real-time accent translation technology company, today announced a $32 million Series A, the largest Series A round in history for a voice technology company, led by Insight Partners with participation from GV, Assurant Ventures and an angel investor Gokul Rajaram. Existing investors Human Capital, General Catalyst, Quiet Capital and DN Capital also participated in the round. Alorica, one of the largest BPOs in the world, announced a strategic partnership with Sanas to bring this revolutionary technology to its 100,000 employees and 250 enterprise customers worldwide.

Sanas’ accent translation technology enables deeper personal choice in people’s voices, can help improve foreign language proficiency, and addresses communication challenges between global teams and clients. It lets people choose the accent they want to use in real time and preserves speaker authenticity, an experience that beta users and investors have called “magical.” Now anyone can ring locally globally in different languages ​​and regions, highlighting a breakthrough for multinational companies.

“Sanas’ goal has always been to bring people together and allow them to choose their style of communication – something that was previously only possible through extensive speech therapy,” said Maxim Serebriakov, CEO of Sanas. “Similar to how social media platforms allow users to control how they physically appear online, this technology allows anyone to have the same control in a digital environment – but for how they ring. With this funding, we will be able to continue our mission and build on our AI, which leverages cutting-edge space in machine learning untapped until Sanas.”

Sharath, co-founder of Sanas, emphasizes the great individuality of the software – explaining that it can only be used by an individual speaker, allowing them to control their voice, and only their voice on their own command. Locally-run software also enables capacity for more than 800 communications applications and enterprise-grade data security. Sanas describes that there are many different reasons why one would want to manipulate their accent – beta users describe everything from fluency in a foreign language, a higher connection to their roots, eliminating prejudice or simply for the pleasure.

“We are excited to invest in our strategic partnership with Sanas and leverage their powerful language translation capabilities to deliver the best possible CX results in real time, at scale and without barriers, regardless of accents and dialects. natives,” said Andy Lee, Founder and Executive Chairman of Alorica, a trusted global leader in digital customer experience (CX) solutions. “Alorica constantly develops and invests in cutting-edge technologies that enable our 100,000 employees worldwide to deliver exceptional experiences on behalf of our customers.”

A key initiative with the fresh funds is to open an Indian headquarters, strengthening Sanas’ global reach and tapping into a wealth of developer talent. The office will be led by an expert in demand generation and international expansion, Ashish Kanongo. With the majority of the world’s call centers and many R&D centers located in the Asia Pacific region, the company’s innovative accent translation technology will propel the wider telecommunications industry into the future, dramatically improving the efficiency of daily interaction for global teams, contact centers and more.

Part of the round is set aside for talent acquisition to continue R&D efforts and add to the growing team of AI and tech stars gathering in the company, which includes recently added Sharath Keshava Narayana as co-founder and COO, Marty (Massih) Sarim as President, Pavan Karnam as Vice President of Data and Analytics and Dr. BalaKrishna Kolluru as Vice President of Engineering. These executives are among the key hires who have expanded the Sanas team by 300% in the second quarter of 2022 alone.

As part of this cycle, Ganesh Bell, Managing Director of Insight Partners, will join the Board of Directors, bringing with him more than 25 years of experience building and operating startups, scale-ups with high growth and global conglomerates such as General Electric, SAP, PeopleSoft and JD Edwards. . Also joining the board is Ram Gupta, a loyal and industry-accented founding member who has experience working with teams that have created a market capitalization of more than $15 billion, including participating in three IPOs and nine acquisitions. Ram has held board positions with many forward-thinking technology companies, including Postman Inc., Nexus Venture Partners, ThinkGeek, and Neeyamo, and worked for big global names like IBM and WebMD.

“Insight Partners is thrilled to deepen our relationship with Sanas on such innovative and transformative technology,” Bell said. “As the company emerges from its stealth phase, I look forward to working with this immensely talented and passionate team to create a product that, among other things, will help eliminate the unfortunate prejudice and discrimination suffered by those who speak English. as a second language, which includes many Sanas employees.”

Launched in August 2021Sanas has already captured the attention of the Fortune 500, including welcoming Assurant as one of the company’s first corporate clients.

“Sanas’ real-time voice engine has the potential to disrupt and revolutionize communication,” said Assurant’s Chief Strategy and Risk Officer. Bob Lonergan. “As a global Fortune 500 company currently serving 15 of the top 50 global brands and with over 300 million end customers, Assurant is making significant digital investments to differentiate our customer experience. Part of these investments include strategic funding and support for disruptors in the areas of AI connectivity, digitization and automation, which is why creating a value-added partnership with Sanas is a great solution.”

About Sanas
Sanas was created by three Stanford students graduating from Stanford’s famed Artificial Intelligence Laboratory (SAIL) with the goal of increasing individual choice in what form people speak of a native or foreign language through real-time accent translation . Based at Palo Alto, California., Sanas members and advisors are some of the world’s leading scientists in machine-speech learning. For more information, visit sanas.ai.

SOURCESanas

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