Raising $4.7 million in a week: What one founder learned after moving his AI startup from Germany to San Francisco
Briefly

Leaping AI develops voice AI agents for call centers and customer service across industries including travel, home services, health insurance, and real estate. The company was founded in Germany in 2023 by Kevin Wu and Arkadiy Telegin and later participated in Y Combinator. Leaping AI secured $4.7 million in seed funding led by Nexus Venture Partners with participation from Paul Graham, Kaz Nejatian, and others. The agents currently handle about 10,000 calls per day, automate roughly 50% of repetitive booking calls for a large travel client, and achieve customer satisfaction rates above 90%. Seed proceeds will expand product, go-to-market, and agent capabilities.
Raising money in Germany for his AI startup? Nearly impossible. Raising several million in a week in Silicon Valley? Easy. That's according to Kevin Wu, cofounder and CEO of Leaping AI, which builds voice AI agents for call centers, customer service, and other use cases. He founded the company in Germany in 2023 with Arkadiy Telegin, cofounder and CTO of Leaping AI. The company completed a round of funding earlier this year after participating in Y Combinator.
Leaping AI raised $4.7 million in seed funding led by Nexus Venture Partners. Other investors included Y Combinator cofounder Paul Graham and Shopify COO Kaz Nejatian, as well as Ritual Capital, Pioneer Fund, Orange Collective, and the founders of the voice AI platform Cartesia. Wu, who is currently based in San Francisco, left his job as a consultant at Boston Consulting Group in Berlin to found the company.
Read at Business Insider
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