Modulate
Modulate develops AI voice technology using its Ensemble Listening Models architecture, which it claims outperforms LLMs in accuracy and cost. The 52-person company has raised $36M, most recently in a Series A round in August 2022.
The growth story
Modulate grew from 23 to 52 employees between 2021 and 2026, raising $36M along the way, most recently a Series A in August 2022.
About
Modulate builds AI systems for understanding voice conversations, selling to software developers needing voice analysis. Its Velma 2.0 product leads conversational understanding benchmarks using its proprietary Ensemble Listening Models approach.
The company has grown to 52 employees since its 2019 founding, backed by $36M in funding from investors including Galaxy Interactive and Founder Friendly Labs. Its Series A round closed in August 2022, though recent headcount growth rates are unclear.
Founders and leadership
Engineering is Modulate's largest function with 10 staff. The company is led by a team that has built the business since its 2019 founding, though specific leadership details are not provided.
The Modulate org chart
Mike Pappas (CEO/Co-Founder) leads 31 mapped leaders with 9 direct reports. Click +N to expand a team; names link to the person’s public profile.
Departments, and which ones grew
Headcount by function: Engineering 14 (-22% YoY), Business Development 8 (+33% YoY), Sales 6 (-25% YoY), Marketing 5 (+150% YoY), Customer Success and Support 4 (0% YoY), Finance 3 (+200% YoY).
Talent flow
Modulate draws talent from local tech companies like Superpedestrian and HubSync, as well as consulting firms like Accenture. Employees have moved on to roles at Adelaide and Gamevestor, among others. The median tenure is 2 years.
Most common previous employers of Modulate staff: Superpedestrian (3), HubSync (2), Invisible Technologies (2), Accenture (2), LinkSquares (2), Expert IntelligenceTM (1). Former Modulate employees most often moved to Adelaide (2), Gamevestor (1), Focal AI (1), Axonis (1), Panhandle Greenhouses (1), VoicePatrol (1).
Alumni worth knowing
Web traffic
Traffic mix: 22% direct, 31% search, 33% social, 4% paid.
What this company is made of
Most common skills at Modulate: Leadership (20), Microsoft Office (18), Project Management (17), Python (Programming Language) (16), Management (16), Startups (14), Microsoft Excel (14), Java (14).
Where the team actually sits
Modulate people are concentrated in Massachusetts, United States (21), Greater Boston (9), United States (6), Dallas-Fort Worth Metroplex (2).
Search footprint
Modulate attracts about 4,150 organic search visits a month, traffic worth roughly $3K a month if bought through ads. It gained 47 ranking keywords and lost 38 in the last period.
What employees say
- Compensation
- 3.50 / 5
- Career opportunities
- 3.10 / 5
- Senior management
- 2.30 / 5
- Work-life balance
- 3.50 / 5
Frequently asked
Modulate has 52 employees as of September 2026.
Modulate has raised $36M in total, most recently a Series A round in August 2022.
Modulate was founded in 2019 by Mike Pappas, Carter Huffman.
Mike Pappas (CEO/Co-Founder) sits at the top of Modulate's reporting structure, with 9 direct reports.
The most common previous employers of current Modulate staff are Superpedestrian (3 people), HubSync (2 people), Invisible Technologies (2 people).
Former Modulate employees most often move to Adelaide (2), Gamevestor (1), Focal AI (1).
Modulate attracts about 4,150 organic search visits a month, worth roughly $3K a month in equivalent ad spend.
The most common skills among Modulate staff are Leadership, Microsoft Office, Project Management, Python (Programming Language), Management.
Modulate staff are concentrated in Massachusetts, United States (21), Greater Boston (9), United States (6).
Modulate has about 14 people in Engineering, down 22% over the past year, as of September 2026.
Modulate has about 8 people in Business Development, up 33% over the past year, as of September 2026.
Computed from 46 current and 44 former Modulate profiles, as of September 2026. Source: Crustdata.
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