Total amount raised
$67.7 Millions
Latest funding date
Location
Hume AI has successfully raised $50 million in funding, with its latest round being a Series B. The company focuses on developing AI systems with emotional intelligence, offering products like the Empathic Voice Interface and Expression Measurement API.
Keep reading to explore the intricacies of Hume AI's fundraising journey and the investors backing this innovative platform.
What Is Hume AI?
Hume AI, founded in March 2021, is a New York-based company specializing in AI systems with emotional intelligence. The company was established by Alan Cowen and John Beadle.
Hume AI offers a range of products, including APIs for measuring human expressive behavior in various media formats. Their technology aims to understand and improve how technology affects human emotion.
With a team of 11-50 employees, Hume AI continues to innovate in the field of emotional AI, providing tools that predict users' intents, preferences, and experiences.
How Much Funding Has Hume AI Raised?
- Seed Round
- Amount Raised: $5M
- Date: March 2021
- Lead Investors: Aegis Ventures
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To establish the company and develop initial AI products.
- Series A
- Amount Raised: $12.7M
- Date: January 2023
- Lead Investors: Union Square Ventures
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To expand the team and enhance the development of AI systems with emotional intelligence.
- Series B
- Amount Raised: $50M
- Date: March 2024
- Lead Investors: EQT Ventures
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To launch the Empathic Voice Interface and scale the company's operations.
Total Amount Raised: $67.7M. Current Valuation: Not publicly disclosed.
Key Investors
- EQT Ventures
- Details: EQT Ventures is a venture capital firm that led the $50 million Series B funding round for Hume AI. Ted Persson, Partner at EQT Ventures, believes Hume’s empathic models are the missing piece in the AI landscape.
- Investment Focus Areas: Innovative technologies, AI, startups with significant impact potential.
- Notable Investments: Hume AI, Wolt, Small Giant Games.
- Union Square Ventures
- Details: Union Square Ventures participated in the Series B funding round for Hume AI. Andy Weissman, managing partner, highlights the scientific rigor and exceptional data quality behind Hume’s technology.
- Investment Focus Areas: Companies with strong scientific foundations, customer service, healthcare.
- Notable Investments: Twitter, Etsy, Coinbase.
- Nat Friedman & Daniel Gross
- Details: Nat Friedman and Daniel Gross are individual investors who participated in the Series B funding round for Hume AI. Both are known for their significant contributions to the tech industry.
- Investment Focus Areas: Technology startups, AI, innovative solutions.
- Notable Investments: GitHub (Nat Friedman), Pioneer (Daniel Gross).
- Metaplanet
- Details: Metaplanet is an early-stage investment firm founded by Jaan Tallinn, co-founder of Skype. The firm focuses on supporting groundbreaking technologies.
- Investment Focus Areas: AI, biotechnology, space exploration.
- Notable Investments: DeepMind, Figma, Starship Technologies.
- Comcast Ventures
- Details: Comcast Ventures is the venture capital arm of Comcast Corporation, investing in innovative companies across various sectors. They participated in the Series B funding round for Hume AI.
- Investment Focus Areas: Media, technology, consumer products.
- Notable Investments: Nextdoor, Houzz, Instacart.
What's Next for Hume AI?
Hume AI stands at the cusp of a transformative era with its Empathic Voice Interface (EVI). The potential applications in customer service, healthcare, and user research are vast, promising to revolutionize how technology interacts with human emotions. The $50 million Series B funding underscores the significant market potential and investor confidence in Hume AI's vision.
As the company scales, future fundraising opportunities seem promising, especially as the technology matures and finds broader applications. However, challenges such as ensuring ethical AI use, maintaining data privacy, and competing with other AI firms will be critical hurdles. Navigating these will be essential for Hume AI's sustained growth and success.
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