What is Rain?
RAIN specializes in developing advanced voice technology software, defining strategic voice initiatives, and crafting 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 implementing sophisticated voice solutions. RAIN actively contributes to the ecosystem by serving on the advisory councils for both Amazon Alexa and Google Assistant, underscoring its influence and expertise in the rapidly evolving voice AI landscape.
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 Burch Creative Capital and Valor 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, while also supplying industrial solutions for infrastructure, automotive, aerospace, and construction markets.
Burch Creative Capital
Burch Creative Capital is a creative capital firm that adopts a unique approach to value creation, leveraging over 40 years of experience in scaling new markets. The firm focuses on empowering women through high-end aesthetics at accessible price points, as seen in their investment in brands like STAUD.
Valor Capital
Valor Capital is a subsidiary of Terra Capital Partners SA de CV (Terra Capital Partners). Terra Capital Partners has been in operation for over 15 years and is the parent company of several sub-companies and investment funds that each have a specialization in different aspects of the real estate business.
What's next for Rain?
The recent major strategic investment in Rain signals a pivotal growth phase, likely aimed at scaling its operations, expanding its technological capabilities, and further penetrating enterprise markets. This substantial capital infusion, following a Series B round, suggests the company is poised for significant expansion and innovation in the competitive voice and conversational AI sector. Future developments may include enhanced AI-driven personalization, broader platform integrations, and the exploration of new industry verticals where voice interaction can provide a competitive edge.
See full Rain company page
