RevComm Inc., a leading B2B SaaS company specializing in AI-driven communication solutions, announced the successful completion of a $10 million Pre-Series B funding round, raising its total funding to $32 million. The round saw support from existing investors like Sony Innovation Fund, WiL, and ALL STAR SAAS FUND, as well as new investors Salesforce Ventures and tb Innovations. Additionally, UPSIDER BLUE DREAM Fund and Money Forward Kessai provided loans and asset financing, respectively. This marks RevComm’s first funding announcement since October 2020, with the company previously securing significant loans from various financial institutions.
MiiTel dashboard for online meeting conversation analysis
Since its last funding round in 2020, RevComm has operated without equity financing, relying on operational cash flow and debt. CEO Takeshi Aida stated that this recent funding will focus on optimizing the company’s balance sheet and maximizing growth while maintaining capital efficiency. The funds will be used to enhance development and sales infrastructure for their AI-driven conversation analysis service, MiiTel, and support research, international expansion, and organizational improvements.
RevComm has significantly expanded its product offerings since 2020, evolving from MiiTel Phone to include MiiTel Meetings and MiiTel RecPod. These solutions analyze and visualize voice communications in various settings, boosting corporate productivity with features like automatic recording, transcription, and meeting minute generation. The company aims to turn voice data into valuable big data assets, leveraging generative AI to strengthen their services and promote development in new AI technologies.
Headquartered in Tokyo, RevComm now serves over 78,000 users globally, including prominent companies in Japan, Indonesia, and the United States. The company’s innovative approach and vision have earned it numerous awards and recognition. Investors express strong support and confidence in RevComm’s mission to revolutionize communication with AI, highlighting the potential of voice data analysis to significantly impact corporate productivity and the broader communication landscape.
This Press Release has also been published on VRITIMES
