Kasisto, the NYC-based creator of a conversational AI platform for finance, raised $17m in Series B funding.
The round was led by Oak HC/FT with participation from existing investors Propel Venture Partners, Two Sigma Ventures, Commerce Ventures, Mastercard and Partnership Fund for New York City. In conjunction with the funding, Patricia Kemp, Co-founder & General Partner at Oak HC/FT, will join the board of Kasisto while Michael Heller will join as a Board Observer.
The company intends to use the funds to scale the business in existing and new markets, deepen partnerships with existing customers, expand the KAI platform to include new AI-powered features and incorporate innovations.
Founded in 2013 as an SRI International spin-off by Zor Gorelov, CEO, Kasisto has developed and provides KAI, a conversational AI platform that enables financial institutions to acquire new customers as well as engage, support, and generate additional revenue from existing customers via human-like, intelligent conversations with smart-bots and virtual assistants, anytime, anywhere.
Customers include DBS Bank, Mastercard, Standard Chartered, TD Bank, and Wells Fargo.