Krisp Technologies, Inc.

Krisp Technologies, Inc. is a US-based company specializing in AI solutions that enhance communication for remote and in-person meetings, focusing on transcription, summarization, and noise cancellation. Founded in 2017 in Berkeley, US, Krisp Technologies, Inc. develops innovative communication tools.

The company, co-founded by Arto Minasyan and Davit Baghdasaryan, raised USD 9. 00 mn in Series A funding on February 16, 2021, led by RTP Global with participation from CM Ventures, Storm Ventures, and s16VC. This funding is part of a larger USD 14 mn Series A round, aimed at supporting product development, sales, and marketing efforts. Krisp Technologies, Inc.

offers a suite of AI-driven products that improve communication and productivity in meetings. The flagship product, the AI Meeting Assistant, features real-time transcription, summarization, and note-taking capabilities. Additionally, the AI Noise Cancellation technology removes background noise and echoes, ensuring clearer audio. Their solutions serve a wide array of clients, including individual professionals and organizations in sectors such as sales and customer service, and are utilized across North America, Europe, and Asia, supporting 16 languages for transcripts and summaries.

Krisp Technologies operates under a subscription-based revenue model, offering various pricing plans tailored for individual and enterprise clients. The company provides subscriptions for products like the AI Meeting Assistant and AI Noise Cancellation, focusing on enhancing the virtual meeting experience. Sales are conducted directly to consumers as well as through partnerships with productivity tool providers, integrating seamlessly into organizational workflows. The pricing structure encompasses both monthly and annual subscriptions, reflecting their comprehensive service offerings aimed at improving efficiency and communication clarity.

Krisp Technologies, Inc. plans to leverage the recent USD 9 mn Series A funding to accelerate product development and hire strategically for product, sales, and marketing roles. The company aims to expand into new geographical markets while continuing to innovate their product lineup to meet emerging communication needs. Further details regarding upcoming product launches or specific market expansion timelines have not been disclosed.