As of Sep 22, 2026
All companies

Voice agentsFounded

Retell AI

Automates business calls with AI voice agents.

Bing Wu
Bing Wu
Zexia Zhang
Zexia Zhang
Todd Li
Todd Li
Weijia Yu
Weijia Yu
Evie Wang
Evie Wang

Business performance

Read the revenue model
Valuation
Not disclosed
ARR
$40.00M
Annual revenue
Not disclosed
Users / customers
Not disclosed
Net income
Not disclosed
Revenue multiple
Unavailable

ARR

USD millions
View observations and sources
PeriodARRSource
2025-12-17$40.00Mglobenewswire.com

Reading the numbers

Recurring voice-agent use produces ARR. Model, voice and telephony choices affect cost, preventing net-margin calculation from revenue alone.

01What it sells and who buys it

Retell provides a platform for building and operating voice agents for support, appointments and follow-up. Buyers include businesses and agencies implementing systems for clients.

02How the business makes money

Published voice-agent pricing ranges from $0.07 to $0.31 per minute depending on configuration. Metered usage and enterprise agreements monetize the platform, with $10 in credits for initial testing.

03Marketing and customer acquisition

Retell combined developer trials with agencies that already had customer relationships.

  1. 01

    Make a working voice agent the first experience

    Free credits let developers build real calls. Buyers can test whether support and booking work under their own operating conditions.

    Source
  2. 02

    How distribution and adoption expanded

    Free credits let developers test real calls. A Solution Partner program and directory connect businesses with implementation agencies, alongside creator partnerships. Agencies bring their existing customer relationships, extending deployment beyond Retell's own direct implementation capacity.

    Source
  3. 03

    Financing the next stage

    Retell disclosed a $4.6 million seed round led by Alt Capital, with YC, Carya Venture and founder investors participating. It reported $40 million ARR at the end of 2025, illustrating growth beyond its relatively small initial financing.

    Source

How the growth mechanism works

  1. Build a working call
  2. An agency adapts it
  3. Deploy into operations
  4. Expand call consumption

A partner directory connects buyers with implementers. The platform supplies usage while partners deliver customer-specific work, linking distribution and deployment support.

04Funding and expansion

Retell disclosed a $4.6 million seed round led by Alt Capital, with YC, Carya Venture and founder investors participating. It reported $40 million ARR at the end of 2025, illustrating growth beyond its relatively small initial financing.

Further reading

  1. 01globenewswire.comRead source
  2. 02retellai.comRead source
  3. 03globenewswire.comRead source
  4. 04retellai.comRead source
  5. 05retellai.comRead source
  6. 06retellai.comRead source
  7. 07ycombinator.comRead source