What is Rain?
RAIN specializes in developing advanced voice technology software, defining comprehensive voice strategies, and designing engaging conversational experiences. The company has a proven track record, having assisted numerous Fortune 500 organizations, including major brands like Nike, Nestle, Blackrock, Marriott, Starbucks, and Headspace, in building sophisticated voice solutions. RAIN actively contributes to the ecosystem by serving on the advisory councils for both Amazon Alexa and Google Assistant, positioning itself at the forefront of voice AI development and adoption.
How much funding has Rain raised?
Rain has raised a total of $14M across 2 funding rounds:
Series A
$3M
Series B
$11M
Series A (2020): $3M with participation from Stanley Black & Decker
Series B (2022): $11M led by Valor Capital and Burch Creative Capital
Key Investors in Rain
Stanley Black & Decker
Stanley Black & Decker is a global diversified industrial company known for its broad portfolio of tools, outdoor equipment, and engineered fastening systems. It designs, manufactures, and sells a wide range of hand tools, power tools, storage solutions, and related accessories for professionals, tradespeople, and consumers.
Valor Capital
Valor Capital is a subsidiary of Terra Capital Partners SA de CV, with extensive experience in real estate investment across various sectors including shopping malls, corporate offices, residential buildings, and land development.
Burch Creative Capital
Burch Creative Capital is a creative capital firm focused on value creation through scaling new markets, empowering women with accessible high-end aesthetics, and investing in essential products and trending brands.
What's next for Rain?
The substantial enterprise-level funding and recent strategic investment signal a pivotal phase for Rain. This capital infusion is expected to accelerate product development, expand market reach, and enhance its capabilities in delivering cutting-edge voice and conversational AI solutions. With a strong foundation built on F500 partnerships and advisory roles with leading AI platforms, Rain is poised to further solidify its industry leadership and capitalize on the increasing demand for intelligent voice interfaces across various sectors. Future growth will likely focus on scaling its platform, deepening its AI capabilities, and forging new strategic alliances to drive innovation and adoption of its voice technologies.
See full Rain company page
