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Summary
Investment will bring AI-fueled voice ads to more brands, audio and video content publishers, and consumers; Progress Ventures leads the round, with Accomplice and Google Assistant Investments participatingPALO ALTO, Calif., April 27, 2021-- Instreamatic, providing an end-to-end voice AI platform for managing, measuring and monetizing conversations between brand and consumer, today announced it has raised $6.1 million in Series A funding. The funding enables Instreamatic to quickly scale its technical and business staff; expand the capabilities of its voice AI conversational-dialogue infrastructure; and pursue more global partnerships with brands, audio and video content publishers, advertising platforms, and application developers. In addition to audio content platforms and networks such as Pandora, Salem Media, and Gaana, Instreamatics recent deal with Universal Electronics expands voice ads into the smart-TV industry. What hasnt caught up is how brands and publishers can effectively engage those audiences in the same medium and analytically prove the ROI of their audio and video platform ad spend. Bold partners with a future vision for the sector, the firm takes a proactive approach to sourcing opportunities and working with entrepreneurial leaders on the cutting edge of advertising, marketing, and media technology.