About AssemblyAI
AssemblyAI is a company based in San Francisco (United States) founded in 2017 by Dylan Fox.. AssemblyAI has raised $108.12 million across 4 funding rounds from investors including Accel, Insight Partners and Smith Point Capital. The company has 59 employees as of December 31, 2024. AssemblyAI offers products and services including Speech-to-Text, Streaming Speech-to-Text, and Speech Understanding. AssemblyAI operates in a competitive market with competitors including Primer, Otter.ai, AudioEye, YITU and iFLYTEK, among others.
- Headquarter San Francisco, United States
- Employees 59 as on 31 Dec, 2024
- Founders Dylan Fox
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Sectors
Technology
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Email
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Phone
*********
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Website
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Social
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- Legal Name Assemblyai Inc
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Annual Revenue
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Net Profit
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EBITDA
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Total Equity Funding
$108.12 M (USD)
in 4 rounds
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Latest Funding Round
$50 M (USD), Series C
Dec 04, 2023
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Investors
Accel
& 8 more
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Employee Count
59
as on Dec 31, 2024
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Products & Services of AssemblyAI
AssemblyAI offers a comprehensive portfolio of products and services, including Speech-to-Text, Streaming Speech-to-Text, and Speech Understanding. The company's diverse product and service offerings are designed to meet the evolving needs of its customers, address market demands, and provide comprehensive solutions that drive value creation and customer satisfaction across various segments and use cases.
Converts speech to text with high accuracy for various applications
Enables live audio transcription with low latency
Analyzes audio for insights like sentiment and speaker detection
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Funding Insights of AssemblyAI
AssemblyAI has successfully raised a total of $108.12M across 4 strategic funding rounds. The most recent funding activity was a Series C round of $50 million completed in December 2023. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
- Total Funding Total Funding
- Total Rounds 4
- Last Round Series C — $50.0M
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First Round
First Round
(01 Jun 2017)
- Investors Count 9
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Dec, 2023 | Amount | Series C - AssemblyAI | Valuation | Accel | |
| Jul, 2022 | Amount | Series B - AssemblyAI | Valuation | Insight Partners | |
| Mar, 2022 | Amount | Series A - AssemblyAI | Valuation | Accel |
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in AssemblyAI
AssemblyAI has secured backing from 9 investors, including venture fund and angel investors. Prominent investors backing the company include Accel, Insight Partners and Smith Point Capital. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Accel is recognized as a leading venture capital firm.
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Founded Year | Domain | Location | |
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Investment firm scaling software and technology companies from early to late stages.
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Founded Year | Domain | Location | |
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Investment in mission-critical software is managed by Smith Point Capital.
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Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Founded Year | Domain | Location | |
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Venture capital is directed toward companies in multiple sectors.
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Founded Year | Domain | Location | |
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
Investments & Acquisitions by AssemblyAI
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
Financial Statements - AssemblyAI
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Assemblyai Comparisons
Competitors of AssemblyAI
AssemblyAI operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as Primer, Otter.ai, AudioEye, YITU and iFLYTEK, among others. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
AI based text summarization and contextualization software tool
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| domain | founded_year | HQ Location |
AI-based voice transcription for meetings is provided via cloud software.
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| domain | founded_year | HQ Location |
Cloud-based accessibility tools are offered to businesses for digital compliance.
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| domain | founded_year | HQ Location |
AI-based decision intelligence platforms are provided for multiple sectors.
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| domain | founded_year | HQ Location |
AI-based speech and language interaction technologies are provided globally.
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| Company Name | Domain | Founded year | HQ Location | Description |
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| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Latest news on Assemblyai
Frequently Asked Questions about AssemblyAI
When was AssemblyAI founded?
AssemblyAI was founded in 2017.
Where is AssemblyAI located?
AssemblyAI is headquartered in San Francisco, United States. It is registered at San Francisco, California, United States.
Who is the current CEO of AssemblyAI?
Dylan Fox is the current CEO of AssemblyAI. They have also founded this company.
Is AssemblyAI a funded company?
AssemblyAI is a funded company, having raised a total of $108.12M across 4 funding rounds to date. The company's 1st funding round was a Series A of $28M, raised on Jun 01, 2017.
How many employees does AssemblyAI have?
As of Dec 31, 2024, the latest employee count at AssemblyAI is 59.
What does AssemblyAI do?
AssemblyAI was founded in 2017 in San Francisco, United States, and operates in the speech recognition sector. Speech-to-text services are delivered via APIs and SDKs, enabling integration into applications and hardware devices for transcription purposes. Deployment options include cloud-based and on-premise configurations. The engine is designed to recognize industry-specific keywords and phrases across multiple domains without requiring additional training.
Who are the top competitors of AssemblyAI?
What products or services does AssemblyAI offer?
AssemblyAI offers Speech-to-Text, Streaming Speech-to-Text, and Speech Understanding.
Who are AssemblyAI's investors?
AssemblyAI has 9 investors. Key investors include Accel, Insight Partners, Smith Point Capital, Daniel Gross, and Nat Friedman.
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