PolyAI

PolyAI

Develops customized multilingual voice assistants

About PolyAI

Simplify's Rating
Why PolyAI is rated
A-
Rated A on Competitive Edge
Rated A on Growth Potential
Rated B on Rating Differentiation

Industries

Consulting

AI & Machine Learning

Company Size

201-500

Company Stage

Series C

Total Funding

$115.1M

Headquarters

London, United Kingdom

Founded

2017

Overview

PolyAI creates customized voice assistants for businesses, particularly in the customer service sector and call centers. These assistants handle customer inquiries in multiple languages, reducing hold times and improving satisfaction. They can be quickly integrated into existing systems without major changes, and PolyAI's goal is to turn call centers into revenue-generating operations. The company has achieved notable success in the hotel industry, generating significant revenue and high customer satisfaction scores.

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Funded Recently
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Simplify's Take

What believers are saying

  • Partnership with AWS enhances scalability and reliability of PolyAI's solutions.
  • Recent $50M funding supports global expansion and product development.
  • Strategic focus on the US market aligns with 70% revenue generation from the region.

What critics are saying

  • AI hallucinations could undermine the reliability of PolyAI's voice assistants.
  • Increased competition from Teneo.ai's multilingual virtual contact center agent.
  • Dependence on AWS may pose risks if service disruptions occur.

What makes PolyAI unique

  • PolyAI's voice assistants support 10 languages, enhancing global customer service capabilities.
  • Quick deployment in six weeks or less sets PolyAI apart from competitors.
  • PolyAI's seamless integration into existing tech stacks minimizes disruption for businesses.

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Funding

Total Funding

$115.1M

Above

Industry Average

Funded Over

5 Rounds

Series C funding is usually for startups that are doing well and are looking for more money to fuel major growth, such as acquiring other companies, expanding into global markets, or launching new product lines. Investors typically include larger venture capital firms and private equity.
Series C Funding Comparison
Meet Average

Industry standards

$50M
$50M
Medium
$50M
PolyAI
$62M
SeatGeek
$100M
Oura

Benefits

Health Insurance

Dental Insurance

Vision Insurance

Life Insurance

Disability Insurance

401(k) Retirement Plan

401(k) Company Match

Unlimited Paid Time Off

Paid Vacation

Paid Sick Leave

Paid Holidays

Hybrid Work Options

Flexible Work Hours

Stock Options

Company Equity

Professional Development Budget

Conference Attendance Budget

Fertility Treatment Support

Family Planning Benefits

Wellness Program

Mental Health Support

Home Office Stipend

Phone/Internet Stipend

Enhanced parental leave

Annual learning and development allowance

One-off WFH allowance when you join

Private healthcare

Bike2Work scheme

Growth & Insights and Company News

Headcount

6 month growth

0%

1 year growth

-4%

2 year growth

-4%
Tech.eu
Feb 19th, 2025
“Our Future Is Predominantly American”, Says Ceo Of Nvidia-Backed London Startup Polyai

The CEO and co-founder of Nvidia-backed AI-powered voice assistant startup PolyAI says the London startup’s future is “predominantly American” but it will retain its UK office.Nikola Mrkšić, the co-founder of PolyAI, was speaking on the Tech.eu podcast, where he discussed the history of the startup, the rise of generative AI, and its impact on the workforce, DeepSeek, among other topics. The CEO said questions about the location of a startup's HQ, in a post-Covid world, were superfluous.Nikola MrkšićPolyAI was founded in 2017 by Mrkšić, (formerly of Apple’s Siri), Tsung-Hslen Wen (formerly of Google) , and Pei-Hao Su (formerly of Meta) who met at the University of Cambridge. The startup develops AI-powered automated voices for enterprise clients. Last year, it closed a $50m (£39.4m) funding round led by Hedosophia and NVentures,  the VC arm of Nvidia, valuing it close to $500m. The startup, which employs over 200 people, has offices in London (its biggest office), New York, San Francisco, and also an office in Belgrade, Serbia, where Mrkšić hails from. Over recent years, there has been much chatter about the merits and downsides of London as an HQ for startups. Mrkšić said the reason the startup’s future was largely in the US was because over 70 per cent of its revenues now came from the US market

Medium
Nov 15th, 2024
PolyAI Secures $50M, Partners with AWS

PolyAI, a leader in conversational voice AI, secured $50 million in Series C funding, raising its total funding to over $120 million. Key investors include Hedosophia, Nvidia’s NVentures, and Zendesk. The funds will support product development and global expansion. PolyAI also partnered with AWS to enhance the scalability and reach of its technology, offering more secure and reliable solutions for enterprise clients.

PR Newswire
Nov 6th, 2024
Polyai Announces Speaker Lineup For Vox 2024: Horizons

The only annual conference to focus on real-world voice AI applications and customer stories. NEW YORK and LONDON, Nov. 6, 2024 /PRNewswire/ -- PolyAI, a global leader in voice AI solutions for customer experience and service, is kicking off its annual PolyAI VOX: Horizons virtual summit on Thursday, November 14. The event brings together thought leaders across industries – and the globe – to focus on how AI has already transformed contact centers, as well as share real world contact center and CX leader experiences and advice. 2024 has been a banner year for AI. Corporate interest in the tech increased, as did strategic focus on its thoughtful implementation

Business News Today
Sep 24th, 2024
PolyAI joins forces with OpenTable to enhance restaurant reservations with voice AI

PolyAI, a leading provider of voice artificial intelligence solutions for customer experience, has joined forces with OpenTable, a global leader in restaurant technology, to revolutionise the way enterprise restaurants handle reservations.

PR Newswire
Jul 25th, 2024
Avant And Polyai Announce Strategic Partnership In Delivering Advanced Voice Ai Solutions To Enterprise Call Centers

NEW YORK and LONDON, July 25, 2024 /PRNewswire/ -- AVANT, a platform for IT decision-making and the nation's premier Technology Services Distributor, today announced a strategic partnership with PolyAI , a pioneer in voice AI and lifelike automation solutions for the contact center. This partnership will allow AVANT to offer PolyAI's industry-leading voice assistants to its extensive network of channel partners and customers via its renowned decision-assisting platform, Pathfinder."PolyAI's voice assistants are truly world-class, with the potential to transform call center experiences – for both customer and business alike," said Shane McNamara, EVP of Engineering and Operations, AVANT. "We are excited to team with PolyAI to empower our Trusted Advisors to make informed and educated business decisions when selecting best-in-class AI-driven contact center solutions for their customers.""PolyAI's voice assistants are truly world-class, with the potential to transform call center experiences..." Post this"This partnership is a significant step forward for PolyAI," said Michael Cibelli, VP of Channels at PolyAI. "We chose AVANT due to their dedication to providing today's Trusted Advisors with a robust portfolio of innovative solutions like our customer-led voice assistants. AVANT's commitment to PolyAI was evident from our first meeting and we are excited for the mutual success this will bring to Trusted Advisors and the customers they serve."This strategic alliance between AVANT and PolyAI promises a synergistic value creation for all stakeholders. AVANT will feature PolyAI's solutions within its growing portfolio of global technology solutions, empowering its Trusted Advisors to navigate the ever-evolving technological landscape

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