KUALA LUMPUR, Aug 14 (Bernama) -- Uniphore, the global conversational AI technology company has raised US$51 million in Series C funding to accelerate its go-to-market in North America. (US$1 = RM 4.19).
The fund will also be used to invest in research and development for the next wave of innovation on the company’s platform and grow its talented employee base globally.
The fund is led by March Capital Partners, with participation from Chiratae Ventures (formerly IDG Ventures), Sistema Asia, CXO Fund, ITP, Iron Pillar, Patni Family and other investors.
According to a statement, the funding is Uniphore’s largest to date and marks one of the most substantial funding rounds in the conversational AI sector.
Uniphore chief executive officer and co-founder, Umesh Sachdev said: “With this new round of funding, we will be able to accelerate our global expansion and better serve our customers by developing and delivering innovative Conversational Service Automation (CSA) solutions to more organisations worldwide.”
Recently, Sachdev moved to Silicon Valley to expand the company’s reach in North America. The move has paved the way for several strategic new hires, including Annie Weckesser as chief marketing and people officer, and Jafar Syed as chief strategy & growth officer.
Last year, Uniphore experienced 300 per cent year-over-year growth and the year prior, it had an exciting Series B round with participation by various existing and new investors, including IDG Ventures, IIFL and JC2 Ventures.
More information at https://www.uniphore.com.
-- BERNAMA
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