Kore.ai, an Orlando, Fla.-based conversational AI software company, extended its Series C funding round to $73.5m with participation from NVIDIA (NASDAQ: NVDA).
In conjunction with the investment (of approx. $3.5m), Kore.ai and NVIDIA will collaborate on accelerating innovation in the deployment of conversational AI-based platforms and solutions for enterprises. The company will integrate NVIDIA software including Riva, a GPU-accelerated SDK for building speech AI applications that delivers real-time performance and provides flexibility and customization for next-generation solutions. In this strategic relationship, while Kore.ai brings its innovation leadership in natural language processing technologies, NVIDIA will bring its innovation in speech AI, which includes speech-to-text (automatic speech recognition or ASR), NLP parsing and text-to-speech (TTS).
Led by Raj Koneru, founder and CEO, Kore.ai increases the speed of business by optimizing customer, employee, agent and search experiences through digital and voice and business process assistants built on its Experience Optimization platform. The company serves customers with large-scale deployments, handling millions of conversations in text and voice, in retail banking, healthcare, technology, and other areas. The top 4 banks, top 3 healthcare businesses, and over 100 Fortune 500 companies have automated a billion interactions since Kore was founded in 2014.
Kore.ai ensures the success of its customers through a growing team headquartered in Orlando, Florida, along with offices in India, the UK, Japan, and Europe. Visit to learn more.
FinSMEs
23/11/2021