Sanas Secures $65 Million to Transform Speech Communication
Innovative Funding for Sanas
Sanas, a pioneering company in Real-Time Speech Understanding technology, has successfully completed a $65 million Series B funding round. This new capital will be instrumental in accelerating the company’s expansion and enhancing its innovative solutions. The funding round saw participation from Quadrille Capital, with notable contributions from existing investors like Insight Partners and Quiet Capital. With the addition of global digital services provider Teleperformance as a strategic partner, Sanas is poised for significant growth.
Technology Driving Change
With its groundbreaking Real-Time Accent Translation technology, Sanas aims to revolutionize global communication. According to Amine Baji, Vice President at Quadrille Capital, the company's user-friendly interface and exceptional customer feedback are key factors in its growth. Sanas prioritizes inclusivity, enabling individuals to maintain their voice and accent while breaking down communication barriers.
Reducing Bias in Communication
Maxim Serebryakov, CEO and co-founder of Sanas, emphasizes the company’s commitment to tackling accent-based bias. Sanas provides tools that assist businesses in making their hiring processes more efficient, ultimately leading to a broader workforce inclusion. The patented technology they offer is proving to be transformative, unlocking new opportunities for people globally.
Strategic Objectives Ahead
The funding will facilitate the expansion of Sanas’ Speech Understanding AI Platform. Plans include launching new speech-to-speech algorithms and targeting additional market segments beyond contact centers. These efforts are expected to amplify revenue potential for clients and further enhance the quality of speech and voice recognition services offered by Sanas.
Expanding Market Reach
In just over a year, Sanas has experienced remarkable adoption rates for its patented technology. The company has successfully integrated its solutions with major players across various industries, including top BPOs and financial services. The expanding use of Sanas’ technology underscores its increasing importance within the Customer Experience Management (CXM) sector.
Partnerships and Collaborations
One notable development is Sanas' strategic partnership with Teleperformance. They aim to leverage AI to optimize customer service experiences by integrating advanced tools that enhance communication. Thomas Mackenbrock, Deputy CEO of Teleperformance, highlights the commitment to using innovative technology to improve customer interactions.
Industry Recognition and Awards
Sanas has been recognized for its contributions to technology and innovation. This year, the company received prestigious awards, including the Frost & Sullivan recognition for North American Technology Innovation Leader 2024 and rankings among the top workplaces for innovators.
A Bright Future for Sanas
Founded in 2020, Sanas is on a mission to foster a more compassionate global conversation. With its cutting-edge AI technologies, the company is dedicated to enhancing human connections. The leadership team, including co-founders Maxim Serebryakov, Shawn Zhang, and Sharath Keshava Narayana, continues to drive the vision forward.
Frequently Asked Questions
What is the purpose of Sanas' funding?
The recent funding aims to accelerate the expansion of Sanas' Real-Time Speech Understanding technology and enhance its product offerings.
How does Sanas' technology work?
Sanas uses patented AI technology to facilitate real-time accent translation, allowing users to maintain their voice while overcoming communication barriers.
Which industries can benefit from Sanas?
Sanas targets a variety of industries, including customer service, finance, healthcare, and logistics, among others.
What recognition has Sanas received?
This year, Sanas was awarded titles such as Frost & Sullivan's North American Technology Innovation Leader and recognized as a top workplace for innovators.
Who are the key people behind Sanas?
Sanas was founded by a team of exceptional individuals, including CEO Maxim Serebryakov and President Sharath Keshava Narayana, who are committed to driving the company's mission forward.
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