Announced
Completed
Financials
Sources
Tags
Domestic
Minority
Private Equity
software development
United States
Software
Acquisition
Private
Completed
Friendly
Single Bidder
Venture Capital
Synopsis
FTV Capital, a private equity firm, led a $150m funding in Kore.ai, a chatbots platform, with participation from NVIDIA, Vistara Growth, Sweetwater, NextEquity, Nicola and Beedie. "We have been working with advanced AI for a decade now – our deep technology expertise and market understanding put us in a prime position to take advantage of the momentum and to do AI right in order to meet growing customer needs. Sitting above the infrastructure layer and LLM chaos, our open approach grants businesses freedom of choice with built-in guardrails for effective AI implementation. As we look to enhance our Gen AI-powered innovations and drive wider adoption across a variety of market segments, we are pleased to have the backing of FTV Capital, a firm that has significant experience in our space and invaluable connections across the enterprise to augment our exciting growth trajectory," Raj Koneru, Kore.ai Founder and CEO.
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