Modulate Raises $25M for Voice Intelligence Platform

Boston-based startup Modulate has raised $25 million led by Future Ventures, with participation from Hyperplane and Lakestar. Founded in 2017 by MIT graduates Mike Pappas and Carter Huffman, the company runs over 100 small models offering enterprises transcription, emotional analysis, deepfake detection, AI music detection, and policy enforcement for voice agents in regulated industries. Modulate specializes in detecting AI-generated audio, analyzing caller intent, and monitoring AI agent compliance. The company has 40-45 employees and plans to expand on-premises and on-device deployment for greater privacy.