The Nvidia Patterns

The Nvidia Patterns

A.I. Funding Rounds

What is AssemblyAI?

AI-as-a-Service in an audio friendly world - powering Automatic Speech Recognition (ASR)

Michael Spencer's avatar
Michael Spencer
Jul 15, 2022
∙ Paid
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Photo by Christopher Gower on Unsplash

JULY 14TH, 2022 4:15 PM MONTREAL, CANADA

The speech to text AI startups, AssmeblyAI has now raised $64 million, according to Crunchbase.

AssemblyAI today announced that it raised $30 million in a Series B round led by Insight Partners with participation from Y Combinator and Accel. To date, AssemblyAI has raised $64 million, which founder and CEO Dylan Fox tells TechCrunch is being invested in growing the company’s research and engineering teams and data center capacity AI model training.

On LinkedIn, Dylan says he talks about t #ai, #startups, #deeplearning, #speechtotext, and #speechrecognition - that sounds about right.

Origin Story

Fox founded AssemblyAI after a 2-year stint at Cisco, where he worked on machine learning for collaboration products. Prior to that, he started YouGive1, an organization that worked with companies to reward customers with product offers in exchange for nonprofit donations.

Here is all they achieved in 2021.

AssembyAI has a great future with audio.

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