Vapi secures $50M Series B, wins Amazon Ring contract
Vapi raised a $50 million Series B led by Peak XV Partners at a $500 million valuation, bringing total funding to $72 million, according to Vapi's announcement and reporting by TechCrunch. Reporting by TechCrunch and Hyper.ai says Amazon Ring evaluated more than 40 AI voice vendors and now routes 100% of its inbound customer support calls through Vapi's platform. Multiple outlets report Vapi has processed more than 1 billion calls to date and currently handles between 1 million and 5 million calls per day. Per Vapi's blog and CryptoBriefing, the company employs about 100 people and said it will use the new capital to expand engineering and go-to-market teams. Editorial analysis: Enterprise proof points at this scale typically accelerate sales cycles for infrastructure vendors.
