Krisp

Krisp — Funding & Company Data

Financial overview and investor data for Krisp.

High confidence data Last verified 3 months ago

Founded

2017

Stage

Series a

Total Raised

$15.5M

HQ

Berkeley, CA, United States

Team

51-200

Model

freemium

Analyst Take

Krisp's funding trajectory indicates strong early-stage investor confidence, particularly timed around the global shift to remote work. The company, originally founded as 2Hz in Armenia, secured a Seed round in 2018, followed by two distinct Series A tranches in August 2020 ($5M) and February 2021 ($9M). This rapid succession of funding during the pandemic highlights the immediate market resonance of its core noise-cancellation technology. The involvement of investors like RTP Global, Storm Ventures, and Sierra Ventures signals a belief in Krisp's ability to build a category-defining product for the future of work.

However, the absence of a publicly announced funding round since early 2021 is a critical data point. While the company has expanded its product from a single-feature utility to a broader AI meeting assistant, the market has also become more competitive. Major communication platforms like Zoom and Microsoft Teams have introduced their own native noise suppression features, potentially commoditizing Krisp's initial core offering.

The company's stability likely depends on its success in upselling its expanded feature set—including transcription, accent localization, and meeting summaries—to its enterprise client base. While its early funding provided a significant runway, the lack of recent investment suggests the company may be operating on existing capital and revenue, focusing on sustainable growth rather than hyper-scaling. For potential buyers, this signals a mature product but also a need to assess its long-term competitive moat against integrated solutions from platform giants.

Stability

Krisp appears moderately stable, having raised sufficient early-stage capital and established a significant enterprise user base. However, with its last funding round in early 2021, its long-term stability hinges on sustained revenue growth and its ability to compete with native features in larger platforms.

Growth

The company experienced rapid growth during the 2020-2021 remote work boom. While it continues to launch new features and expand into the call center market, its growth has likely stabilized from its earlier hyper-growth phase as it focuses on enterprise contracts and product expansion rather than new funding rounds.

For Buyers

For a potential buyer, Krisp is a mature and feature-rich tool that solves a clear problem. The risk is not that the company will disappear overnight, but rather its long-term ability to out-innovate the native capabilities of the communication platforms it integrates with.

Funding Timeline

Series A $9M February 2021

Investors: RTP Global, Storm Ventures

Series A $5M August 2020

Investors: Storm Ventures, Sierra Ventures, TechNexus, Hive Ventures

Seed $1.5M July 2018

Investors: Sierra Ventures

Notable Investors

RTP Global Storm Ventures Sierra Ventures TechNexus Hive Ventures

Sources

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