Modulate Raises $60M Total to Build Audio-Native AI Infrastructure
Modulate has raised $25 million to scale its Velma platform, which uses an ensemble of 100+ specialized models to understand voice conversations at the signal level, not just the transcript. The company is positioning audio intelligence as foundational infrastructure for voice AI applications across fraud detection, agent supervision, and customer experience. This note examines the architectural bet, the developer opportunity, and the competitive risks ahead.
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