Total amount raised
$117.7 Millions
Latest funding date
2/1/2025
Location
Sanas has successfully raised significant funding through multiple rounds, attracting a diverse group of investors. The platform offers real-time speech understanding technology, including Accent Translation and Noise Cancellation.
Keep reading to explore the intricacies of Sanas's fundraising journey and the investors backing this innovative platform.
What Is Sanas?
Sanas, founded in January 2020, is based in Palo Alto, California. The company was established by Maxim Serebryakov, Sharath Keshava Narayana, and Shawn Zhang.
Specializing in real-time speech understanding technology, Sanas focuses on breaking communication barriers with products like Accent Translation and Noise Cancellation. Their technology modulates accents while preserving voices and emotions for natural interactions.
With a team of 101-250 employees, Sanas serves contact centers and enterprises, enhancing communication, improving customer satisfaction, and reducing miscommunication.
How Much Funding Has Sanas Raised?
- Pre-Seed Round
- Amount Raised: $500K
- Date: July 2020
- Lead Investors: Not publicly disclosed
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To develop the initial prototype of their real-time speech understanding technology.
- Seed Round
- Amount Raised: $5.5M
- Date: August 2021
- Lead Investors: Human Capital
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To refine their technology and expand their team.
- Series A
- Amount Raised: $32M
- Date: March 2022
- Lead Investors: Insight Partners
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To scale operations and enter new markets.
- Venture Round
- Amount Raised: $14.7M
- Date: March 2023
- Lead Investors: Not publicly disclosed
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To enhance product features and increase market penetration.
- Series B
- Amount Raised: $65M
- Date: February 2025
- Lead Investors: Quadrille Capital
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To accelerate the development of their AI platform and expand globally.
Total Amount Raised: $117.7M. Current Valuation: Not publicly disclosed.
Key Investors
- Quadrille Capital
- Details: Quadrille Capital is a transatlantic investment platform focusing on high-growth technology companies. They have supported successful growth-stage companies in Europe, the United States, and Asia for more than 25 years.
- Investment Focus Areas: Technology, innovation, growth-stage companies.
- Notable Investments: Not publicly disclosed.
- Insight Partners
- Details: Insight Partners is a global venture capital and private equity firm investing in high-growth technology and software companies. They have a strong track record of helping companies scale and achieve significant growth.
- Investment Focus Areas: Technology, software, high-growth companies.
- Notable Investments: Shopify, Twitter, DocuSign.
- Human Capital
- Details: Human Capital is a venture capital firm that focuses on investing in and supporting early-stage technology companies. They are known for their unique approach to talent acquisition and development.
- Investment Focus Areas: Early-stage technology, talent development, innovation.
- Notable Investments: Not publicly disclosed.
- Quiet Capital
- Details: Quiet Capital is a venture capital firm that invests in early-stage technology companies. They focus on providing strategic support and resources to help startups grow.
- Investment Focus Areas: Early-stage technology, strategic support, growth.
- Notable Investments: Not publicly disclosed.
- DN Capital
- Details: DN Capital is a global venture capital firm that focuses on seed, series A, and growth capital for technology companies. They have a strong presence in Europe and the United States.
- Investment Focus Areas: Seed, series A, growth capital, technology.
- Notable Investments: Shazam, Auto1, Endeca.
What's Next for Sanas?
With the speech and voice recognition market projected to reach $28 billion in the next three years, Sanas is poised to capitalize on this growth. The company plans to expand its AI platform by launching new speech-to-speech algorithms and entering new geographies. Strategic partnerships, like the one with Teleperformance, will help broaden its use cases beyond contact centers, tapping into industries such as financial services, healthcare, and logistics.
Future fundraising opportunities seem promising, given the successful Series B round and the strategic alliances formed. However, Sanas will need to navigate challenges such as overcoming accent-based bias globally and ensuring the scalability of its technology. Competing in a rapidly evolving market and maintaining a strong customer reputation will also be critical as the company continues to grow.
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