Modulate raises $25M to detect deepfake, fraud with voice models

Modulate raises $25M for its voice models and analysis suite

Boston-based voice AI startup Modulate raised $25M led by Future Ventures. It uses small models for transcription, emotion analysis, deepfake and AI music detection, plus policy enforcement for voice agents in regulated industries. Pre-round valuation was $170M, total raised $41M. Founded in 2017 by Mike Pappas and Carte. The post doesn't disclose specific customers or deployment scale.