AIBankingBusiness

Conversational AI platform Kore.ai raises $150m funding to fuel growth

  • Kore.ai secures $150 million investment
  • Funding led by FTV Capital, with participation from Nvidia, Vistara Growth, Sweetwater PE, NextEquity, Nicola, and Beedie
  • Total capital raised now stands at $223 million
  • Founded in 2013, Orlando-based Kore.ai focuses on enterprise fintech, offering an AI-powered no-code platform for virtual voice agents and chatbots
  • Claims to automate 450 million interactions for 200 million end users globally, serving major brands like AT&T, Coca-Cola, Airbus, and PNC Bank
  • Gartner estimates the conversational AI market to hit $377 billion in revenue by 2032
  • 55% of organizations already using or planning to use GenAI tech for customer service, marketing, and sales (Gartner, October)
  • Raj Koneru, CEO, sees Kore.ai in a “prime position” to meet the growing demand for AI-enhanced customer experiences
  • Plans to use $150 million funding for product development and workforce expansion
Previous article
Cloud infrastructure saw its biggest revenue growth ever in Q4
Next article
To benefit all, diverse voices must take part in leading the growth and regulation of AI
Laura M
Laura M
Laura is a financial reporter, editor, and researcher with a particular interest in fintech innovation, capital markets, and the evolving global banking landscape.

You May Also Like

FinTech

Regulators Strengthen Global Crackdown on Finfluencers

A new collaborative approach targets financial influencers amid rising concerns.Highlights: Financial regulators unite to control finfluencers' market impact.Concerns...
FinTech

ECB Strengthens Digital Euro Rollout with Standard Setter Agreements

New collaborations aim to facilitate the digital euro's global integration.Highlights: ECB partners with key global standard setters.Agreements aim...
FinTech

CreditNature Strengthens Nature Restoration Funding Through Everyday Transactions

New partnership enables businesses to support environmental initiatives seamlessly.Highlights: CreditNature teams up with Stabiliti for eco-friendly funding.Businesses can...
FinTech

FedNow Strengthens Instant Payments Security with New API Tool

New API tool enhances security for immediate digital transactions in the U.S.Highlights: FedNow introduces a new API tool...