Vernacular.ai raises $5.1 million in Series A

Vernacular.ai, an AI-first SaaS business, announced that it has received a Series A investment of $5.1 million, led by Exfinity Ventures. Kalaari Capital, AngelList, IAN Fund and LetsVenture also participated in the round.

The fresh capital will be used to fund the company’s global expansion into South-East Asia and the US, and towards R&D to further enhance its proprietary AI-based voice automation platform.

Founded in 2017 in Bengaluru by two IIT Roorkee graduates, Sourabh Gupta and Akshay Deshraj, along with founding team members Prateek Gupta, Pravendra Singh and Abhinav Tushar, Vernacular.ai’s AI-based, voice automation platform, VIVA, helps automate 80 per cent of calls handled by a call centre and reduces agents’ average call handling time by 30 per cent.