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Gen AI Outbound Calling Solutions Provider Vodex Announces $2 Million Seed Round

By Tracey E. Schelmetic April 15, 2024

Outbound calling can be a lucrative sales tool if it’s managed properly and targeted effectively. Some companies seem to have a knack for it, while others struggle to justify the amount of work and the costs involved.

Increasingly, improving the results of outbound calling programs is a matter for the harnessing of generative artificial intelligence (Gen AI) and automation. Since 2022, Bengaluru, India-based Vodex has been helping businesses in North America with their outbound calling needs using their in-house Gen AI-powered solution. Co-founded by Anshul Shrivastava (CEO) and Kumar Saurav (CTO), Vodex's technology creates natural-sounding voice conversations that feel just like talking to a real person. This helps businesses connect with customers better, making operations smoother and customer engagement stronger.

Vodex announced last week that it raised $2 million in a seed round from Unicorn India Ventures and Pentathlon Ventures. Vodex was previously backed by 100X.VC and has achieved a noteworthy $1 million ARR (accounting rate of return) in less than a year.

In the announcement of the round, founders Shrivastava and Saurav noted that the investment will be a game-changer for the company.

“It validates the power of Generative AI to transform sales and the confidence investors have in Vodex's ability to lead that charge,” they said. “Our solution empowers businesses to close deals faster, at scale, and all while providing a natural, engaging experience for customers. We can't wait for the next chapter of Vodex!"

Vodex noted that it will deploy the funds towards product and global expansion initiatives. The company plans to scale their business in the next one year with its sights set on the launch of Vodex 3.0 version in a few months.

"We see disruptive capabilities in Vodex to emerge as a formidable player by applying the power of Gen AI and SaaS to help enterprises manage their CRM engagements more efficiently,” said Bhaskar Majumdar, Managing Partner of Unicorn India Ventures.

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