Equal AI, a consumer voice artificial intelligence platform, raised $30 million in a Series B funding round co-led by Prosus Ventures and Tomales Bay Capital, the company announced on Friday. The round also included investments from Think Investments, Valiant Fund, PhonePe founder Sameer Nigam, and Zubin Bharti Mittal of the Airtel family office. Equal did not disclose its post-money valuation.
The fresh capital will support Equal AI's expansion beyond its core call assistant product into sectors such as communications, financial services, lifestyle, and concierge offerings. The company aims to tap into India's nearly one billion smartphone users, leveraging voice AI to enhance consumer experiences. Founder Keshav Reddy highlighted the strategic use of funds to broaden the platform's reach across multiple verticals, according to livemint.com.
This funding round positions Equal AI among notable voice AI startups targeting the Indian market, which is witnessing growing adoption of AI-driven consumer services. The participation of prominent investors like Prosus Ventures and Tomales Bay Capital underscores confidence in Equal AI's technology and market potential. Comparable deals in the sector have focused on expanding AI capabilities to meet diverse consumer needs in emerging markets.
Equal AI's Series B funding was publicly announced on June 12, 2026, marking a key milestone in its growth trajectory as it prepares to scale operations and diversify its product offerings in the rapidly evolving voice AI space.