WellSaid Labs, the artificial intelligence text-to-speech technology company, announced a $10 million Series A round led by FUSE. Previous investors include Voyager, Qualcomm Ventures, and GoodFriends. The Series A was brought up with interest from VCs as the company had the record year-over-year growth in revenue and incredible customer demand.
WellSaid Labs plans to invest the funds in further AI and product innovation, scale go-to-market functions, and expand the team. WellSaid Labs strives to offer businesses and brands the highest quality Text-to-Speech service imaginable and empower content creators and product teams in creating engaging voice content for infinite use-cases.
WellSaid Labs has reworked TTS to resolve business’ toughest content development problems and deliver an easy way for content creators to develop their desired content in one consistent voice that represents their brand the best. WellSaid Labs’ Voice Avatar library offers access to various read styles and tones to use for productions. Brands can also create their own I Voice Avatars to spec, capturing the likeness, style, and tone of the voice need to tell their stories the right way.
Cameron Borumand, General Partner at FUSE, said: “Plain and simple, WellSaid is the future of content creation for voice.”
“This is why thousands of customers love using the product daily with off-the-charts bottom-up adoption. Matt and Michael have assembled a world-class team and we couldn’t be more thrilled to be a part of the WellSaid journey.”
Over the last few years, WellSaid Labs has consistently worked on developing breakthroughs in the quality, speed and reliability of neural text-to-speech systems. In June 2020, the company’s TTS became the first to achieve human parity for naturalness on short audio clips for multiple voices.
Matt Hocking, CEO of WellSaid Labs, said: “We’ve added AI Voice to the toolkit of thousands of content creators and their teams.”
“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.”
