Diligence memo · auto-generated · as of July 2, 2026
Vapi Inc.
Vapi Inc. looks fair against its niche peers and is quiet on financing cadence.
Businessfiled
Vapi Inc. operates in AI / ML, based in SAN FRANCISCO, CA, USA. Voice AI for developers.
Sub-sector tags: Artificial Intelligence, ai/ml.
Capital & rounds (filed)filed
Vapi Inc. has raised $25M in disclosed capital across 1 recorded round, aggregated from public filings. Its latest round is modeled as Series B (a $15M–$40M round).
Largest single filing: $25M on 2024-10-03.
Most recent recorded round closed around 2024-10-03.
Valuation (modeled)modeled
Provath models Vapi Inc. at approximately $186M (range $62M–$317M). This is an algorithmic estimate from round sizes and same-niche peers — not a quoted or reported figure.
Read: Fair. Modeled value is 0.73× the median modeled value of Series B AI / ML companies in 2022–2024 (33 peers) — value vs value, same stage and era. Within the normal band (73% of peer median) for its niche.
Financing rhythm & timingmixed
Last raise 21 mo ago; this sector typically re-raises about every 11 months.
Slightly overdue versus sector cadence.
Comparablesmixed
Capital scale ranks ahead of 93% of AI / ML peers (2067 compared).
Modeled value ranks above 92% of those peers.
Closest niche peers: Black Crow AI, Inc., Arthur AI, Inc., Deep 6 AI Inc., Beacons AI Inc., Replicate, Inc..
Peoplefiled
3 named people on file across officers, directors and signatories.
Risks & flagsmixed
No clearly named CEO/founder/principal in the surfaced records — key-person evidence is thin.