Kore.ai, an Orlando, FL-based enterprise conversational and generative AI platform technology company, raised $150M in funding.
The round was led by FTV Capital, with participation from NVIDIA and existing investors such as Vistara Growth, Sweetwater PE, NextEquity, Nicola and Beedie.
The company intends to use the funds to accelerate its market expansion and efforts to innovate in AI to deliver tangible business and human value at scale.
Led by Raj Koneru, Founder and CEO, Kore.ai is a provider of advanced AI technology helping enterprises realize business value through the safe and responsible use of AI. Its solutions are used to deliver end-to-end customer and employee experiences from automated to human assisted and to build generative AI enabled applications. Used by over 200 partners and 400 Fortune 2000 companies, Kore.ai helps them navigate their AI strategy. The company has offices to support customers including in India, the UK, Middle East, Japan, South Korea, and Europe.
Customers include financial institutions, such as PNC Bank and large global banks, as well as brands such as AT&T, Cigna, Coca-Cola, Airbus and Roche.
Commenting on the news, Raj Koneru said: “Sitting above the infrastructure layer and LLM chaos, our open approach grants businesses freedom of choice with built-in guardrails for effective AI implementation. As we look to enhance our Gen AI-powered innovations and drive wider adoption across a variety of market segments, we are pleased to have the backing of FTV Capital, a firm that has significant experience in our space and invaluable connections across the enterprise to augment our exciting growth trajectory.“
FinSMEs
30/01/2024