Equal AI, a Hyderabad-based startup, raised $30 million in a Series B funding round to expand its AI assistant offerings beyond call management. The round was co-led by Prosus Ventures and Tomales Bay Capital, with participation from investors including Meta India and Southeast Asia VP Sandhya Devanathan. Founded in 2022, Equal AI initially focused on identity verification before launching an AI call assistant in October 2025 to address spam calls, according to inc42.com.
The funding round was completed in tranches and included contributions from Think Investments, Valiant Fund, PhonePe founder Sameer Nigam, Airtel Family Office’s Zubin Bharti Mittal, Skyflow AI cofounder Anshu Sharma, and CtrlS Datacenters chairman Sridhar Pinnapureddy. Equal AI’s AI call assistant uses conversational AI to answer unknown calls, interact with callers, and provide users with live transcripts, summaries, and recordings. The startup currently serves over 350 enterprise customers across sectors such as banking, per inc42.com.
This capital injection will enable Equal AI to broaden its AI assistant capabilities into shopping, financial services, communications, and lifestyle applications. The company aims to become India’s AI Assistant by building a unified intelligent layer deployable on smartphones. The move comes amid growing demand for AI-driven personal assistants in India, where spam calls and fragmented digital services remain challenges. Equal AI’s approach combines call screening with broader AI functionalities, positioning it alongside emerging AI startups in the consumer and enterprise sectors, according to techcrunch.com.
Equal AI plans to deploy the fresh capital to scale its product offerings and expand market reach. The startup’s Series B funding round was announced on June 11, 2026, marking a key milestone in its growth trajectory, as detailed by techcrunch.com.