About Sonantic
Sonantic is a company based in London (United Kingdom) founded in 2018 was acquired by Spotify in June 2022.. Sonantic has raised $6.88 million across 3 funding rounds from investors including Spotify, Bart Swanson and AME Cloud Ventures. The company has 11 employees as of January 31, 2021. Sonantic offers products and services including Spotify App and Audiobooks Service. Sonantic operates in a competitive market with competitors including Respeecher, deepdub, WOMBO, Camb.ai and RefaceAI, among others.
- Headquarter London, United Kingdom
- Employees 11 as on 31 Jan, 2021
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Sectors
Media & EntertainmentTechnology
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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 Sonantic Limited
- Date of Incorporation 10 Dec, 2018
- Jurisdiction LONDON, UNITED KINGDOM
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Products & Services of Sonantic
Sonantic offers a comprehensive portfolio of products and services, including Spotify App and Audiobooks Service. 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.
Application for streaming music and podcasts on various devices.
Feature for accessing narrated books through subscriptions.
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Funding Insights of Sonantic
Sonantic has successfully raised a total of $6.88M across 3 strategic funding rounds. The most recent funding activity was a Series A round of $4.33 million completed in July 2022. 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 3
- Last Round Series A — $4.3M
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First Round
First Round
(25 Jul 2019)
- Investors Count 5
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
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| Jul, 2022 | Amount | Series A - Sonantic | Valuation |
investors |
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| Jun, 2020 | Amount | Seed - Sonantic | Valuation |
investors |
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| Jul, 2019 | Amount | Seed - Sonantic | Valuation | EQT Ventures |
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
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| 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 |
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Investors in Sonantic
Sonantic has secured backing from 6 investors, including angel, venture fund, and institutional investors. Prominent investors backing the company include Spotify, Bart Swanson and AME Cloud Ventures. 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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AME Cloud Ventures is focused on investing in data-driven technology companies.
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Provider of a program turning individuals into funded technology company founders
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Venture capital investments in technology and innovation sectors.
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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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Startup ecosystems are ignited through strategic investments by Signite Partners.
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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 Sonantic
| 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 - Sonantic
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
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| 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 |
Sonantic Comparisons
Competitors of Sonantic
Sonantic 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 Respeecher, deepdub, WOMBO, Camb.ai and RefaceAI, 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 |
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| domain | founded_year | HQ Location |
AI-based platform offfering to produce synthetic speech
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| domain | founded_year | HQ Location |
AI-enabled localization solutions for entertainment content are provided.
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| domain | founded_year | HQ Location |
AI-generated lip-sync videos are created and shared socially.
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| domain | founded_year | HQ Location |
Video content is dubbed in various languages using AI technology.
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| domain | founded_year | HQ Location |
AI-enabled face swapping for video editing is provided.
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| domain | founded_year | HQ Location |
Real-time translation applications for calls and online communication are developed.
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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 Sonantic
Frequently Asked Questions about Sonantic
When was Sonantic founded?
Sonantic was founded in 2018 and raised its 1st funding round 1 year after it was founded.
Where is Sonantic located?
Sonantic is headquartered in London, United Kingdom. It is registered at London, England, United Kingdom.
Is Sonantic a funded company?
Sonantic is a funded company, having raised a total of $6.88M across 3 funding rounds to date. The company's 1st funding round was a Seed of $2.55M, raised on Jul 25, 2019.
How many employees does Sonantic have?
As of Jan 31, 2021, the latest employee count at Sonantic is 11.
What does Sonantic do?
Sonantic was founded in 2018 in London, United Kingdom, within the AI and speech technology sector. A platform is operated where text inputs are converted to speech using AI algorithms that emulate human-like patterns. Services include generation of audio in multiple voices and languages. Operations focus on delivering these text-to-speech capabilities to users seeking realistic voice synthesis.
Who are the top competitors of Sonantic?
What products or services does Sonantic offer?
Sonantic offers Spotify App and Audiobooks Service.
Who are Sonantic's investors?
Sonantic has 6 investors. Key investors include Spotify, Bart Swanson, AME Cloud Ventures, Entrepreneur First, and EQT Ventures.
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