With participation from existing investor Elevation Capital, the startup Murf AI raised $10 million in a Series A investment round. Matrix Partners India served as the round’s lead investor.
Ajay Arora, SVP Product, Disney Streaming; Ankit Bhati, Founder, Ola; Ashwini Asokan, Founder, Mad Street Den; Pushkar Mukewar, Founder, Drip Capital; and Yamini Bhat, Founder, Vymo participated in the round as well.
Murf AI intends to use these funds to expedite R&D, expand its footprint in targeted geographies, and promote additional product innovation.
“Synthetic media is poised to become omnipresent in the near future and voice is at the core of it. At Murf, we continue to make advances in our speech technology to bring the diverse abilities of talented voice actors at our customers’ fingertips through AI,” said Ankur Edkie, Co-Founder and CEO, Murf AI.
Murf is an AI-based SaaS application that enables users to create “human-like” voice over work for videos and presentations without the need for expensive recording devices or hiring a voice actor. It was founded in 2020 by Sneha Roy, Ankur Edkie, and Divyanshu Pandey.
“Murf, with their stellar founding team and unique IP, is perfectly poised to gain a leadership position in this space. Their execution prowess and tech-first focus is evident in the solid traction and growth that they’ve demonstrated so far,” commented Mukul Arora, Co-Managing Partner, Elevation Capital.
Murf streamlines the production of organic voiceovers for businesses using AI. Users of the company’s AI-powered SaaS application can give their content realistic voices.
“We’re big believers that AI will reinvent every market and Murf is reinventing a multi-billion dollar category with their AI-voiceover technology. Creating voiceovers is hard, and Murf’s unique IP makes it easy for every individual to create emotional and theatrical voices—faster, better, and cheaper,” commented Pranay Desai, Principal, Matrix India.
About Murf AI
Murf helps users create lifelike voiceovers in a matter of minutes, without the need for any recording equipment.
Founded by alumnus of IIT Kharagpur, they are an early-stage funded start-up serving customers in 100+ countries. They like to stay informal, structurally flat and fun to work with.