- 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
