Modulate raises $25M to sell AI that listens to voice calls, not just transcripts
Modulate, a Boston company that builds AI models to analyze speech directly rather than working from text transcripts, has raised $25M in a round led by Future Ventures. Hyperplane and Lakestar also took part, bringing the company’s total funding to $60M.
The company was founded by Mike Pappas and Carter Huffman, who first met at MIT when Mike worked out a physics problem that Carter was solving in a hallway. They soon became friends because of their shared interest in how computers affect people’s ability to connect.
Modulate first became known in the gaming world. Since 2023, its ToxMod system has helped moderate voice chat in Call of Duty, and Lakestar led a $30 million Series A funding round in 2022. Now, the company plans to use its technology for fraud prevention, customer service, and a new challenge: checking if AI voice agents are working as intended.
“Voice...
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