Companies in Natural Language Processing
There are 1,112 companies in Natural Language Processing which include Mistral AI, ElevenLabs, SoundHound, Hugging Face, Otter.ai. 509 companies in Natural Language Processing are funded, with 261 having secured Series A funding. Till date, the sector has seen the creation of 12 Unicorns. United States has the most number of companies in Natural Language Processing (375), followed by India
(89), and then China (84).
2026 has seen the creation of 1 company in Natural Language Processing. On average, the last 10 years have seen 56 new companies launched every year. Most number of Natural Language Processing startups have been founded by alumni from Stanford University, Massachusetts Institute of Technology and Harvard University.
Here is a List of top companies in Natural Language Processing
1. Mistral AI
Provider of customizable, open-source artificial intelligence models and solutions for various applications. It is a company specializing in open-source large language models and generative AI, providing cutting-edge language models for various applications.
Key facts about Mistral AI
- Founded Year: 2023
- Location: Paris (France)
- Stage: Series C
- Total Funding till date: $3.05B
- Investors: Lightspeed Venture Partners, Andreessen Horowitz and 51 Others
- Latest Funding Round: Conventional Debt, Mar 30, 2026, $*****
- Tracxn Score: 83/100 What is this?
- Competitors Rank: 2 of 473 Competitors

2. ElevenLabs
AI platform for speech, voice cloning, music, and AI agents. It provides tools for creating realistic speech, converting text to natural-sounding audio, cloning voices, generating music and sound effects, and building conversational AI agents. It serves developers, enterprises, and creators through APIs and integrated products designed for applications such as content production, customer support automation, media localization, and interactive AI experiences.
Key facts about ElevenLabs
- Founded Year: 2022
- Location: New York City (United States)
- Stage: Series D
- Total Funding till date: $822M
- Investors: Andreessen Horowitz, Credo Ventures and 50 Others
- Latest Funding Round: Series D, Jun 17, 2026, $*****
- Tracxn Score: 77/100 What is this?
- Competitors Rank: 1 of 66 Competitors

3. SoundHound
Provider of cloud and AI-based sound recognition solutions for multiple applications. It is a mobile application for consumers to search and discover music via voice control. The engine is based on its proprietary technologies speech-to-meaning and deep meaning understanding, it allow users to ask multiple questions and filter results. Features include natural language understanding, speech recognition, audio and music identification, multi-lingual text-to-speech, and more. It offers applications for iOS and Android users.
Key facts about SoundHound
- Founded Year: 2005
- Location: Santa Clara (United States)
- Stage: Public
- Total Funding till date: $191M
- Investors: Walden Venture Capital, Nomura and 25 Others
- Latest Funding Round: Post IPO, Feb 22, 2024, $*****
- Tracxn Score: 76/100 What is this?
- Competitors Rank: 2 of 279 Competitors

4. Hugging Face
Platform offering collaborative tools for sharing and deploying machine learning models. It provides a centralized hub where users can access a vast collection of pre-trained models and datasets across various domains. The platform supports the creation and hosting of interactive machine learning applications, enabling developers and researchers to showcase their work and facilitate community engagement.
Key facts about Hugging Face
- Founded Year: 2016
- Location: Paris (France)
- Stage: Series D
- Total Funding till date: $400M
- Investors: Lux Capital, Salesforce and 32 Others
- Latest Funding Round: Series D, Aug 22, 2023, $*****
- Tracxn Score: 75/100 What is this?
- Competitors Rank: 1 of 239 Competitors
5. Otter.ai
Developer of an AI meeting agent providing transcription and summarization. The agent offers live transcripts, automated summaries, and action items from meetings. It integrates with various platforms to streamline workflows. The AI agent provides insights and helps structure ideas from conversations. It also automates follow-ups and syncs notes.
Key facts about Otter.ai
- Founded Year: 2016
- Location: Los Altos (United States)
- Stage: Series B
- Total Funding till date: $70M
- Investors: Spectrum Equity, Horizons Ventures and 25 Others
- Latest Funding Round: Series B, Feb 25, 2021, $*****
- Tracxn Score: 75/100 What is this?
- Competitors Rank: 5 of 727 Competitors
