Modulate raises $25M to sell AI that listens to voice calls, not just transcripts
The Velma platform reads emotion, tone and synthetic speech from audio directly, and is used for fraud detection, voice agent supervision and trust and safety work
Via TNW | Investors-funding
Modulate, a Boston company that builds AI models to analyze speech directly rather than working from text transcripts, has raised $25M in a round led by Future Ventures. Hyperplane and Lakestar also took part, bringing the company’s total funding to $60M.
The company was founded by Mike Pappas and Carter Huffman, who first met at MIT when Mike worked out a physics problem that Carter was solving in a hallway. They soon became friends because of their shared interest in…
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