Kasisto, the New York City-based creator of KAI, a digital experience platform for the financial services industry, raised $15m in Series B extension funding round.
The round was led by new investor Rho Capital Partners with participation from current investors Oak HC/FT, Propel Venture Partners, Two Sigma Ventures, Commerce Ventures, and the Partnership Fund for New York City. As a result of Rho Capital Partners’ investment, Mr. Habib Kairouz will join Kasisto’s board of directors.
The company intends to use the funds to expand adoption of its services to all segments of the financial services industry.
Founded in 2013 and led by Zor Gorelov, CEO, Kasisto provides Conversational AI that enables banks’ customers to make decisions and improve their overall financial wellness. Its open platform, KAI, is trained in the language of banking and finance so financial institutions can engage their customers using human-like virtual assistants that help them reimagine their customers’ own digital experience and overall customer journey.
KAI includes all the enterprise tools needed for customers to customize, measure, train, and improve their virtual assistants and meets the needs of the most demanding financial services organizations.
To date, the company has global production deployments of its intelligent virtual assistants in more banks than any other company.
Customers include J.P. Morgan, Mastercard, Standard Chartered, TD, and DBS, among others.
Kasisto also has offices in Silicon Valley and Singapore.