Find XO: Vapi Reaches $500M Valuation, Rising AI Voice Infrastructure Platform That Beat Amazon Ring (techcrunch.com)

- AI voice agent platform Vapi has been valued at $500 million. - After comparing more than 40 platforms, Amazon Ring chose Vapi, and since early 2025, the company's revenue has increased tenfold. - What the company bought was not a fancy conversation interface but the underlying infrastructure that reduces latency and reliably integrates multiple models and telephone systems. - For follow-up teams, targeting industries where regulation and field knowledge are barriers is better than competing in the same horizontal market.