Posh Technologies: Raises $27.5M in Series A Funding

Posh Technologies Raises $27.5M in Series A Funding

• Posh Technologies, a Boston, MA-based proprietary conversational AI platform serving financial services companies, raised $27.5m in Series A funding
• The round was led by Canapi Ventures with participation from new investors Curql Collective, Human Capital, CMFG Ventures, JAM FINTOP, and Piedmont Capital
• The company intends to use the funds for rapid growth, making investment in product research and development, and the expansion of its team
• Posh provides an AI platform that enables financial institutions to offer conversational banking experiences to their customers
• The technology empowers clients to serve their customer bases by managing transactional commands, answering FAQs and providing the front line extra support
• In addition to text-based bots on websites and mobile apps, Posh offers a voice solution, which replaces dial pads and acts as the entry point in customer call