kore.ai funding: GenAI platform Kore.ai secures $150 million in funding led by FTV Capital
“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,” Raj Koneru, founder and CEO of Kore.ai, said in a statement on Tuesday.
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The company said the funding would be used to accelerate its market expansion and innovation in AI.
“We’ve spent significant time examining the landscape and evaluating advanced-AI platforms, and Kore.ai clearly stood out with its proven enterprise-grade platform capabilities, visionary leadership, strong R&D focus, established global customer base and clear path to profitability,” Kapil Venkatachalam, partner at FTV Capital, said.
The company said it automates 450 million interactions a day for about 200 million consumers and two million enterprise users worldwide.
“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,” Raj Koneru, founder and CEO of Kore.ai, said in a statement on Tuesday.
Elevate Your Tech Prowess with High-Value Skill Courses
Offering College | Course | Website |
---|---|---|
Indian School of Business | ISB Professional Certificate in Product Management | Visit |
IIM Kozhikode | IIMK Advanced Data Science For Managers | Visit |
IIM Lucknow | IIML Executive Programme in FinTech, Banking & Applied Risk Management | Visit |
The company said the funding would be used to accelerate its market expansion and innovation in AI.
“We’ve spent significant time examining the landscape and evaluating advanced-AI platforms, and Kore.ai clearly stood out with its proven enterprise-grade platform capabilities, visionary leadership, strong R&D focus, established global customer base and clear path to profitability,” Kapil Venkatachalam, partner at FTV Capital, said.
The company said it automates 450 million interactions a day for about 200 million consumers and two million enterprise users worldwide.