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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
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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.

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