Vapi raises $50m Series B led by Peak XV for enterprise voice AI
May 12, 2026 – 12:00 pm
Peak XV leads this round, with participation from M12 (Microsoft’s Venture Fund), Kleiner Perkins, Bessemer Venture Partners, and earlier investors. The investment brings Vapi’s total funding to $72m.
Vapi, an enterprise voice-AI platform based in San Francisco, has secured $50m in a Series B round to scale its voice-agent infrastructure.
Key Highlights:
- Over one billion calls handled by Vapi’s voice agents to date.
- One million developers and 2.7 million unique agents built on the platform.
- Tenfold growth in enterprise annual recurring revenue since the prior round.
- Enterprise customers include Amazon Ring, Kavak, Instawork, New York Life, UnityAI, Cherry, and Intuit.
- Vapi supports a range of use cases: inbound customer service, outbound collections, candidate screening, sales-coaching simulations, and autonomous navigation of third-party IVR systems.
Quote from Jason Mitura, vice-president of software development at Ring:
“We went from zero to production in two weeks, and 100% of our inbound volume now runs through Vapi.”
Co-founders Jordan Dearsley and Nikhil Gupta met at the University of Waterloo and previously built a Y Combinator-backed calendar product.
Vapi’s origins date back to mid-2023 when Dearsley developed a voice-based AI walking companion; while the initial product did not take off, the underlying infrastructure became the basis for Vapi, launched publicly on Product Hunt in March 2024.
Arnav Sahu, partner at Peak XV, expressed enthusiasm:
“Vapi has built a differentiated self-serve product for developers and enterprises in the massive voice-AI revolution… We believe Vapi is the next Zapier and N8N for voice-AI workflows.”
Dearsley emphasized Vapi’s focus on production-grade customer outcomes, stating,
"Most businesses have spent decades of time and effort, only to make their customer experience worse. Vapi gives teams the platform to deploy voice agents that actually …"