Rasa, a San Francisco, California-based generative conversational AI platform provider, closed its $30m Series C funding round.
The round was co-led by StepStone Group and PayPal Ventures, with participation from Andreessen Horowitz (a16z), Accel, and Basis Set Ventures.
The company intends to use the funds to continue growing its team, currently hiring several roles across North America and Europe in Marketing, Sales, Engineering, Customer Success, and more.
Led by Melissa Gordon, CEO, and Dr. Alan Nichol, CTO, Rasa is a leader in generative conversational AI, enabling enterprises to build and deliver next-level AI assistants. Merging a state-of-the-art engine with a user-friendly low-code UI, Rasa powers AI assistants aligned with customers’ business logic that provide meaningful and practical user engagement. The recent launches of Rasa Pro and Rasa Studio with CALM (Conversational AI with Language Models) deliver a major innovation that combines Large Language Models (LLMs) with traditional (NLU-based) chatbots. With out-of-the-box conversation handling, CALM ensures user interactions remain coherent and natural. Rasa Studio adds an intuitive UI that’s built from the ground up for CALM.
Rasa, which powers two of the world’s three top banks, major insurers, and global travel and hospitality companies, among others, has been downloaded more than 50 million times by developers.
The company was founded in 2016 and is remote-first with a presence in San Francisco, Berlin, London, Paris and Belgrade.
FinSMEs
14/02/2024