Kore.ai Secures $150M in Funding
Summary
The round was led by FTV Capital, with participation from NVIDIA and existing investors such as Vistara Growth, Sweetwater PE, NextEquity, Nicola and Beedie. The company intends to use the funds to accelerate its market expansion and efforts to innovate in AI to deliver tangible business and human value at scale. Its solutions are used to deliver end-to-end customer and employee experiences from automated to human assisted and to build generative AI enabled applications. Commenting on the news, Raj Koneru said: “Sitting above the infrastructure layer and LLM chaos, our open approach grants businesses freedom of choice with built-in guardrails for effective AI implementation. As we look to enhance our Gen AI-powered innovations and drive wider adoption across a variety of market segments, we are pleased to have the backing of FTV Capital, a firm that has significant experience in our space and invaluable connections across the enterprise to augment our exciting growth trajectory.“
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