Generative AI-based Platform Kore.ai Raises $150 million in Funding
Enterprise conversational and generative AI platform Kore.ai has secured $150 million in a funding round led by FTV Capital along with participation from Nvidia and existing investors such as Vistara Growth, Sweetwater PE, NextEquity, Nicola and Beedie. The company will use this funding to expand its market presence and further develop its AI technology.
Founder and CEO of Kore.ai, Raj Koneru mentioned in his statement that, "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."
Orlando-based platform Kore.ai operates on a network of offices located in India, the UK, the Middle East, Japan, South Korea, and Europe. It serves over 400 Fortune 2000 companies across industries, with customers like PNC Bank, AT&T, Cigna, Coca-Cola, Airbus, and Roche.
In a press release the company said that, the funding would be used to accelerate its market expansion and innovation in AI. The startup's no-code platform facilitates end-to-end customer and employee experiences, covering automated, human-assisted interactions, and generative AI applications.
Koneru further mentioned, “Sitting above the infrastructure layer and LLM chaos, our 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.”
The Partner at FTV Capital Kapil Venkatachalam quoted that, they have already spent significant time examining the landscape and evaluating advanced AI platforms, and the startup Kore.ai is stringently focusing on R&D, visionary leadership, and establishing global customer base and a clear path to profitability.
Currently the company automates 450 million interactions daily and serving 200 million consumers and two million enterprise users globally. Presently it is focusing on expanding their steps towards the market of Asia Pacific, Europe, LatAm, and the Middle East.
Founder and CEO of Kore.ai, Raj Koneru mentioned in his statement that, "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."
Orlando-based platform Kore.ai operates on a network of offices located in India, the UK, the Middle East, Japan, South Korea, and Europe. It serves over 400 Fortune 2000 companies across industries, with customers like PNC Bank, AT&T, Cigna, Coca-Cola, Airbus, and Roche.
In a press release the company said that, the funding would be used to accelerate its market expansion and innovation in AI. The startup's no-code platform facilitates end-to-end customer and employee experiences, covering automated, human-assisted interactions, and generative AI applications.
Koneru further mentioned, “Sitting above the infrastructure layer and LLM chaos, our 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.”
The Partner at FTV Capital Kapil Venkatachalam quoted that, they have already spent significant time examining the landscape and evaluating advanced AI platforms, and the startup Kore.ai is stringently focusing on R&D, visionary leadership, and establishing global customer base and a clear path to profitability.
Currently the company automates 450 million interactions daily and serving 200 million consumers and two million enterprise users globally. Presently it is focusing on expanding their steps towards the market of Asia Pacific, Europe, LatAm, and the Middle East.
