Kore.ai, an Orlando, Florida-based enterprise conversational and generative AI platform technology, has announced $150 million in funding.
SaaS Investors
The strategic growth investment was led by FTV Capital, along with participation from NVIDIA and existing investors.
FTV Capital is a sector-focused growth equity investment firm that has raised $6.2 billion to invest in high-growth companies offering a range of innovative solutions in three sectors: enterprise technology and services, financial services, and payments and transaction processing.
Kore.ai Use of Funds
The new funding will accelerate Kore.ai’s market expansion and continuous innovation in AI to deliver tangible business and human value at scale.
About Kore.ai
Kore.ai provides an enterprise-grade no-code platform for business interactions with AI, offering purpose-built workflows, configurable tools, and a flexible, open architecture. The company’s innovative platform, no-code tools, and solutions are used to deliver end-to-end customer and employee experiences from automated to human-assisted and to build GenAI-enabled applications. The company has over 400 brands
in its customer base, including PNC, AT&T, Cigna, Coca-Cola, Airbus, and Roche. Headquartered in Orlando Kore.ai has a network of offices to support customers including in India, the UK, the Middle East, Japan, South Korea, and Europe.
Funding Details
Company: Kore.ai Inc.
Raised: $150.0M
Round: Strategic Growth
Funding Month: January 2024
Lead Investors: FTV Capital
Additional Investors: NVIDIA
Company Website: https://kore.ai/
Software Category: Conversational AI
Source: https://kore.ai/kore-ai-secures-150-million-strategic-growth-investment-to-drive-ai-powered-customer-and-employee-experiences-for-global-brands/