The round was led by Progress Ventures, joined by Accomplice and Google Assistant Investments.
The company intends to use the funds to:
scale its technical and business staff;
expand the capabilities of its voice AI conversational-dialogue infrastructure; and
pursue more global partnerships with brands, audio and video content publishers, advertising platforms, and application developers.
Led by Stas Tushinskiy, CEO, Instreamatic provides a voice AI infrastructure for media, enabling real-time voice conversations between brands and consumers across multiple media verticals. The company provides an end-to-end solution for managing, measuring, and monetizing voice-enabled audio and video advertising, including a programmatic ad exchange for assisting clients with advertising sales. People can speak with ads and the ads can talk back in an intelligent and adaptive way, connecting and engaging brands with customers.