What is Slang?
Slang AI offers a sophisticated voice AI phone answering and reservation solution tailored for the restaurant industry. The platform is designed to handle inbound calls efficiently, answer guest inquiries, prioritize urgent matters, send text message confirmations, and seamlessly book reservations by integrating with existing restaurant reservation systems. This technology empowers restaurant operators to capture a greater volume of bookings while simultaneously reducing the workload on their staff, thereby optimizing operational efficiency and customer engagement.
How much funding has Slang raised?
Slang has raised a total of $56.8M across 3 funding rounds:
Seed
$750K
Series A
$20M
Series B
$36M
Seed (2020): $750K, investors not publicly disclosed
Series A (2023): $20M led by Active Capital, Homebrew, Underscore VC, Stage 2 Capital, and Wing Venture Capital
Series B (2026): $36M supported by Underscore VC, Stage 2 Capital, U.S. Venture Partners, Wing Venture Capital, Homebrew, Collide Capital, and Active Capital
Key Investors in Slang
Underscore VC
Underscore VC is a Boston-based venture capital firm that supports bold early-stage B2B software founders at the Pre-Seed and Seed stages. The firm employs a collaborative, open-source investing model that aligns its interests with those of the startups it backs, fostering a strong community of business builders and experts. Underscore VC invests globally in various sectors, including enterprise software, insurtech, vertical SaaS, AI, commerce, and security. Their mission is to connect startups with the innovation ecosystem in Boston, enhancing their chances of success.
Stage 2 Capital
Stage 2 Capital is a venture capital fund led by over 800 go-to-market experts, focusing on investing in B2B software companies across various sectors including Fintech, Artificial Intelligence, and Marketplaces. The firm employs a unique investment model that combines traditional VC experience with operational expertise from seasoned executives to support portfolio companies in scaling their revenue. Their community of limited partners actively engages with startups, often taking on roles as executives or advisors to help achieve product-market fit. Stage 2 Capital utilizes scientific methodologies to provide data-driven frameworks that assist founders in building sustainable revenue streams.
U.S. Venture Partners
U.S. Venture Partners (USVP) is a prominent Silicon Valley venture capital firm dedicated to collaborating with entrepreneurs to develop transformative companies. Specializing in early-stage investments, USVP focuses on sectors such as cybersecurity, enterprise software, consumer products, and healthcare. With a rich portfolio of over 500 companies, the firm leverages a network composed of former entrepreneurs, technologists, and executives to support strategy, scaling, and product development. Based in Menlo Park, California, USVP aims to drive innovation and propel market leaders forward.
What's next for Slang?
With the recent major strategic investment, Slang is poised for accelerated growth and innovation. The company is expected to leverage this capital to enhance its AI algorithms, expand its integration capabilities with a wider array of reservation and POS systems, and potentially broaden its service offerings to other customer-facing industries. This strategic financing will likely fuel further development of its voice AI technology, enabling it to handle more complex customer interactions and provide deeper insights for restaurant businesses. The company's focus on capturing bookings and reducing staff burden positions it for continued success in a competitive market.
See full Slang company page
