Rasa, a San Francisco, CA-based generative conversational AI platform, closed $30 million in Series C funding.
SaaS Investors
The round was led by StepStone Group and PayPal Ventures, with participation from Andreessen Horowitz, Accel, and Basis Set Ventures.
StepStone Group Inc. is a global private markets investment firm focused on providing customized investment solutions and advisory, data, and administrative services to its clients. As of September 30, 2023, StepStone was responsible for approximately $659 billion of total capital, including $146 billion of assets under management.
Founded in 2002, PayPal Ventures is the corporate venture arm of PayPal Holdings based in San Jose, California. The firm prefers to invest in the financial technology, commerce enablement, digital infrastructure, cryptocurrency, and blockchain technologies sectors.
Rasa Use of Funds
The company will use the funds to fuel Rasa's technological market presence, advancing its mission to transform how businesses interact with customers using AI-powered chat and voice platforms. The investment will also support Rasa's team expansion across North America and Europe.
About Rasa
Founded in 2016, Rasa is a generative conversational AI platform to build and deliver next-level AI assistants. Merging a state-of-the-art engine with a user-friendly low-code UI, Rasa offers an open and adaptable platform that perfectly aligns with business logic. Major companies like PayPal and Deutsche Telekom are already leveraging Rasa's solutions, which automate customer service tasks and enhance engagement. The company was remote-first with a presence in San Francisco, Berlin, London, Paris, and Belgrade.
Funding Details
Company: Rasa Technologies, Inc.
Raised: $30.0M
Round: Series C
Funding Month: February 2024
Lead Investors: StepStone Group and PayPal Ventures
Additional Investors: Andreessen Horowitz, Accel, and Basis Set Ventures
Company Website: https://rasa.com/
Software Category: Generative Conversational AI
Source: https://www.businesswire.com/news/home/20240214117810/en/