Kore.ai Raises Funding from Vistara Capital to Drive Innovation and Accelerate Growth
Summary
It combines natural language processing, machine learning, and AI into enterprise-wide collaboration and automation through conversational interfaces, thus supporting the growing mandate for digital transformation. “Kore.ai continues to make bold investments in its market-leading technology that enables organizations to discover new ways of engaging customers and ensuring enterprise-wide collaboration through exceptional conversational experience,” said Raj Koneru, Founder and CEO of Kore.ai. “With the flexible growth capital financing package provided by Vistara, Kore.ai is poised to further its vision of creating intelligent enterprises through conversational AI.” The company is continually adding capabilities to its conversational AI platform to remain a leader in the industry while bringing other targeted solutions to the AI market that is seeing exploding demand in areas such as: “As we looked at the market opportunity for Conversational AI, Kore.ai really stood out to us with its proven enterprise grade platform that has been implemented with numerous highly discerning global customers, and recognized by leading industry analysts,” said Randy Garg, Founder & Managing Partner of Vistara Capital Partners. “We are also very excited to be backing this proven management team and look forward to continuing to support their accelerated growth over the years ahead.” The Orlando-based company is seeing increasing demand with a robust pipeline of Global 2000 clients from a cross section of industries and geographies. Founded, managed, and funded by seasoned technology finance and operating executives, “Vistara” (Sanskrit for “expansion”) is focused on enabling the growth and expansion of its portfolio companies.