.
MergerLinks Header Logo

New Deal


Announced

Completed

FTV Capital led a $150m funding in Kore.ai.

Financials

Edit Data
Transaction Value£118m
Consideration TypeCash
Capital Owned-
Capital Bid For-
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

Edit

Domestic

Minority

Private Equity

software development

United States

Software

Acquisition

Private

Completed

Friendly

Single Bidder

Venture Capital

Synopsis

Edit

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.

© COPYRIGHT 2024 MERGERLINKS LIMITED.

ALL RIGHTS RESERVED.

15 BONHILL STREET, LONDON, EC2A 4DN, UNITED KINGDOM.

CONTACT US