Clinc raises $52M Series B as it marches toward IPO –

Funding Rounds

Summary

This round of financing brings Clinc’s total amount of funding to $60 million and will help Clinc scale its conversational AI to new markets. Clinc plans to reach 140 employees by the end of 2019 and intends to move into a new 26,000-square-foot office in Ann Arbor. “We’ve had phenomenal growth and built unbelievable momentum in a very short period of time,” said Jason Mars, Clinc CEO. “Now we’re adding more world-class investors to support our growing team as we work to accelerate the pace of innovation and to reshape the conversational AI landscape, one industry at a time.” Mars explained to TechCrunch that it sought specific investors for this round that could help take the company to its initial public offering. CEO Mars tells TechCrunch that the short-term plan is to keep key management in Ann Arbor, but it’s plausible that other offices will eventually have more staff.

$ Funding

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Amount $52.0M Total raised
Date May 20, 2019 Announcement date
Investors Insight Partners, DFJ Growth, Drive Capital Lead investors
Company http://www.clinc.com Funded company

Classifications

industries
Fintech & Banking
applications
Accounting and Taxes

AskAI Classifications

Labels
Artificial Intelligence Conversational AI SaaS

Linked Companies

Clinc
$1M to $5M