Posh tech Secures $27.5 Million in Series A Funding Led by Canapi
Summary
Funding to Drive Accelerated Growth of its Conversational AI Platform for the Financial Industry Through Increased Product R&D and Expanded Recruitment and Hiring Initiatives Posh Technologies, a proprietary conversational AI platform serving financial services companies, today announced that it has raised $27.5 million in Series A funding. This infusion of capital will enable rapid growth for Posh, supporting additional investment in product research and development, and the expansion of Posh’s world class team to ensure it continues to deliver cutting edge AI to a growing number of community financial institutions and financial technology clients. The Posh AI platform enables financial institutions to offer always-available, easy-to-use, conversational banking experiences to their customers. The technology empowers clients to better serve their customer bases by managing transactional commands, answering FAQs and providing the front line extra support. “Posh’s cutting-edge team demonstrated exceptional promise and vision in developing leading AI and NLU solutions,” said Vasilios Roussos, Managing Director, DCU FinTech Innovation Center.