Kami, a London, UK-based conversational Artificial Intelligence (AI) company, raised US$1.7m in seed funding.
Backers included ARM Innovation Ecosystem Accelerator Limited, a subsidiary of Softbank, X Technology Fund (HKX) and Tin Fu Fund, set up by Founder Joe Butt, former Director of Unisplendour Technology Limited.
The company, which also announced today that Carl Chen, the Strategic Business Development Director of ARM Electronic Technology (Shanghai) Limited, will be appointed as a Strategic Advisor, will use the funds to enable further research and development of its technology platform.
Led by CEO Alex Cheung, Kami combines unique neural networks and machine learning algorithms, pivotal to taking Conversational AI to the next level to create literate machines that can reason, remember and communicate. The platform enables virtual assistants and chatbots to engage in human-like dialogue that understands conversation context and remembers conversation history to enable businesses to make informed and in-depth decisions by analyzing these conversations in real time.
The company is focused on the banking, finance, securities and insurance sectors where there is a particular emphasis on trust and client relationships.