Amelia, a New York-based AI software company delivering cognitive, conversational solutions for the enterprise, raised a $175 million strategic investment.
The round was led by BuildGroup, an Austin-based firm that builds high-growth technology businesses, and Monroe Capital, a premier boutique asset management firm specializing in private credit markets.
With this funding round, Amelia has the financial foundation to extend its leadership position in the market and double down on serving its customers with innovative, explainable AI products.
Chetan Dube, founder, and CEO of Amelia commented, “For Amelia’s customers, employees, and partners — and for me personally — this partnership is a long time coming. Amelia has been at the forefront of leveraging AI for the betterment of people, the global workforce and ultimately our planet. This investment by our new partners will bring Amelia into a new era of growth driven by our Trusted AI solutions. We are grateful to BuildGroup and Monroe Capital for joining us on this journey.”
Amelia offers a unique viewpoint on this hype cycle, moving beyond the limitations of ChatGPT by offering an enterprise AI option that delivers answers and outcomes customers can trust.
Amelia’s Conversational AI products and automation platforms harness the latest AI technologies and integrate them into its solution. Its platform is recognized by analysts as a safe way for enterprises to use cutting-edge AI to deliver better customer outcomes.
As part of the partnership, Lanham Napier, BuildGroup’s CEO, will be joining Amelia’s Board as Chairman and stepping into an active role on the leadership team.
Company: Amelia US LLC.
Raised: $175.0M
Round: Strategic Investment
Funding Month: March 2023
Lead Investors: BuildGroup and Monroe Capital
Additional Investors:
Company Website: https://amelia.ai/
Software Category: Conversational AI
About the Company: Amelia is the enterprise leader in Trusted AI. As a pioneer in AI, Amelia has a proven track record of innovation in automation and conversational AI. Amelia’s platform captures the rapid innovation of AI ecosystems and transforms these innovations into enterprise-grade products ready for customer consumption. Amelia is consistently recognized by third-party analyst firms as a market leader. With offices in the US, Europe, and Asia Pacific, enterprises trust Amelia’s products and solutions to serve customers on a global basis. The company's technology is trusted by hundreds of the world's leading brands.
Source: https://amelia.ai/press-release/amelia-announces-175-million-strategic-investment-from-buildgroup-and-monroe-capital