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Equal AI, a startup founded by Keshav Reddy in 2022, has raised $30 million in a Series B funding round led by Prosus Ventures and Tomales Bay Capital. The company provides an AI-powered call assistant designed to screen incoming calls, identify caller intent, and manage communications for users in India. The platform, which supports over 10 languages to accommodate regional code-mixing, currently operates on Android and reports over one million monthly active users.
Equal AI has raised a total of over $42 million, including a $30 million Series B round structured in three tranches.
The platform reports more than one million monthly active users and between 300,000 and 350,000 daily active users.
The company plans to expand its AI assistant capabilities beyond call screening into concierge, shopping, and financial services.
The Series B round included participation from investors such as PhonePe founder Sameer Nigam and executives from Meta and Airtel.
Equal AI utilizes a proprietary orchestration layer combining speech recognition, automatic speech recognition, and speech generation models.
The app screens incoming calls, provides the reason for the call, records conversations, and allows users to send automated text replies to callers.
Equal AI has built support for over 10 languages, specifically designed to handle code-mixing, where users blend multiple languages in a single sentence.
The app is currently available on Android, with the company working on a future version for iOS.
Beyond its consumer-facing AI assistant, the company operates an enterprise platform providing data for financial analysis and KYC verification services.
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