Clearspeed Secures $60M Series D Funding to Expand Voice-Based Risk Tech

Clearspeed, a San Diego-based company specializing in voice-based risk assessment technology, has raised $60 million in Series D funding led by Align Private Capital, bringing its total funding to $110 million. The company uses its technology to improve fraud detection, risk assessment, and claims processing speed within sectors such as insurance, banking, government, and defense. This funding will support Clearspeed's global expansion, particularly in the UK and US markets, as well as investments in team growth, product innovation, and infrastructure. Notably, Anna Nekoranec, CEO of Align Private Capital, will join Clearspeed's board, and retired General David H. Petraeus has joined as a multiround investor, highlighting confidence from prominent figures. Clearspeed's technology yields significant returns by reducing claims handling time and increasing immediate customer payments, with considerable adoption demonstrated by partnerships with nine of the ten largest UK insurers. The company's founder and CEO, Alex Martin, emphasized the importance of building trust through voice analytics as voice interfaces become dominant in conservative industries.