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

Deutsche Börse Invests in Kraken, Strengthening Crypto Market Position

The investment aims to enhance Kraken's offerings and expand market access.Highlights: Deutsche Börse invests in Kraken to boost...
FinTech

Monzo Strengthens Presence by Going Live in Ireland

UK-based digital bank Monzo expands offering to Irish customers.Highlights: Monzo has officially launched its banking services in Ireland.Irish...
FinTech

Monzo Launches its Services in Ireland to Strengthen Banking Options

UK challenger bank expands its reach into the Irish market.Highlights: Monzo begins operations in Ireland, offering a range...
FinTech

OpenAI Acquires Financial Planning App Hiro

The acquisition aims to enhance OpenAI's financial capabilities.Highlights: OpenAI has acquired Hiro, a financial planning application.The deal emphasizes...