International Paper led a $36 million funding round for Relay. Relay makes smart radios with transcription and translation for industrial settings. International Paper first trialed the tech at a Tampa, Florida site. It is already using Relay at more than 20 locations. The radios capture transcripts of conversations via a cloud-based system. Relay devices include a panic button for safety. International Paper plans to expand Relay to two or three times more sites in the next couple of years. Relay has raised over $90 million in total capital. The funding round included investment from Cerity, Harmonic Growth Partners, Thayer Investment Partners, G2 Venture Partners, and Wind River Ventures.
What changed
Workers at International Paper sites used bulkier analog radios.
What it unlocks
Digitizing human voice for transcripts, insights, and automation in industrial settings.
- $36 million funding round
- 4,000 conversation transmissions daily at Tampa site
- $90 million total capital raised by Relay
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