Modulate raises $25M for its voice models and analysis suite

Boston-based voice intelligence startup Modulate has raised $25 in new funding for its platform that uses an array of small models to offer enterprises transcription, emotional analysis, deepfake and AI music detection, and policy enforcement for voice agents in regulated industries.

The funding follows a popular trend among investors in the growing voice AI industry: backing companies that are trying to make AI voices sound more human.

It also rivals other companies trying to detect the intent behind human conversation by analyzing it, and those trying to protect people and companies from deepfake calls, as it is now easy to clone voices.

Modulate’s new funding was led by Future Ventures with participation from Hyperplane and Lakestar. Data from PitchBook indicated that the startup had raised $41 million in funding at a $170 million valuation prior to this round.