Tethr, an Austin, TX-based AI-powered conversational intelligence platform for listening enterprises, completed a $15m funding round.
The round was led by IAG Capital Partners with participation from existing investors GroTech Ventures, MissionOG and Falmouth Ventures.
The company will use the new funds to accelerate investments in sales and marketing.
In conjunction with the funding, Tethr early investor and Chief Operating Officer, Gary Clark, has been named CEO of the company, while co-founder Mike Mings will take on a corporate strategy role and continue to serve on the Board of Directors.
Tethr provides a cloud-based conversation intelligence platform that combines AI, machine learning and over a decade of customer experience and sales research to surface contextual insights from phone calls and other customer interactions. Customers are using the solution to turn large amounts of unstructured voice of customer conversation data into insights that improve decisions and business performance.