Voice-Risk Technologies Secure $60 Million in Series D Funding for Voice-Based Risk Assessment Innovation
General David H. Petraeus (US Army, Ret.), former CIA Director and Commander of U.S. Central Command, has joined as a multi-round investor in Clearspeed, a company specialising in voice-based risk assessment technology. The investment will be used to further expand in key markets, invest in teams, accelerate innovation, and ensure Clearspeed's technology stays ahead.
Clearspeed's technology is making significant impacts across various sectors, including insurance, government, and national security. In the insurance industry, Clearspeed's technology has been instrumental in reducing claims handling time by 50% and increasing instant payouts by 40% for major insurance companies like Zurich Insurance. The technology also helps insurers improve fraud detection and decision-making, enhancing customer interactions while strengthening risk management.
Government agencies have reported a 95% reduction in vetting cycle time, significantly improving the efficiency of personnel screening and other security processes. There has been a 65% reduction in investigation costs, benefiting areas such as counter-terrorism and anti-financing operations. Clearspeed's technology can also detect potential fraud, including those perpetrated by artificial intelligence-based voice replication tools, which is crucial for maintaining national security. The technology operates in nearly 40 countries and supports over 60 languages, making it a comprehensive tool for international security efforts.
The funding round was led by Align Private Capital, with participation from IronGate Capital Advisors, Bravo Victor Venture Capital, and KBW Ventures. Anna Nekoranec, Co-Founder and CEO of Align Private Capital, will be added to Clearspeed's Board of Directors. Scott Clayton, Head of Claims Fraud at Zurich Insurance, endorses Clearspeed as a powerful complement to an insurer's multi-layered global risk strategy. Alex Martin, Co-Founder and CEO of Clearspeed, states that the investment will be used to double down on these markets, invest in teams, accelerate innovation, and ensure Clearspeed's technology stays ahead.
Clearspeed's AI-enabled voice analytics delivers outsized value for personnel vetting, insider threat mitigation, and enterprise security. For insurance, Clearspeed consistently yields a return on investment of more than 30 times. The company is expanding globally to meet the growing demand for secure, high-integrity screening in markets where trust and speed matter most, including government, defense, insurance, and banking. Anna Nekoranec stated that Clearspeed has demonstrated true dual-use potential with scalable commercial results and meaningful impact in high-stakes environments.
With the recent $60 million Series D funding, Clearspeed has secured a total of $110 million. This investment will undoubtedly propel the company forward in its mission to provide faster, more informed decisions across various sectors, enhancing trust and security while reducing costs and improving operational efficiency.
Clearspeed's technology, with its recent investments from venture capital firms like Align Private Capital, IronGate Capital Advisors, Bravo Victor Venture Capital, and KBW Ventures, will be utilized for investing in teams, accelerating innovation, and ensuring the technology stays ahead, particularly in sectors such as business, finance, technology, insurance, and government. The technology's significance is demonstrated by consistent returns on investment of more than 30 times in the insurance industry, and its ability to reduce costs, improve efficiency, and enhance security across various fields.
