Kore.ai Raises Monumental $150M Funding to Propel Enterprise AI Innovation and Global Market Expansion.
Kore.ai is helping enterprises harness the potential of AI responsibly and safely.
Company Name: Kore.ai
Location: Orlando, FL
Sector: Enterprise Conversational and Generative AI Platform
Funding Details: Raised $150M, led by FTV Capital with participation from NVIDIA and existing investors like Vistara Growth, Sweetwater PE, NextEquity, Nicola, and Beedie.
Purpose of Investment: To accelerate market expansion and innovation in AI to deliver business and human value at scale.
Leadership: Founder and CEO Raj Koneru
Product: Kore.ai provides advanced AI technology for enterprises, focusing on creating customer and employee experiences through automated and human-assisted solutions, and building generative AI-enabled applications. It offers a platform that sits above the infrastructure layer, facilitating effective AI implementation with freedom of choice and built-in guardrails.
About Company: Kore.ai is helping enterprises harness the potential of AI responsibly and safely. With a global presence, including offices in India, the UK, the Middle East, Japan, South Korea, and Europe, the company supports a wide range of industries.
Clientele: The platform is used by over 400 Fortune 2000 companies and 200 partners. Key customers include PNC Bank, AT&T, Cigna, Coca-Cola, Airbus, Roche, and several large global banks.
Company’s Vision: Raj Koneru emphasizes Kore.ai’s commitment to enhancing Gen AI-powered innovations and driving adoption across various sectors, supported by FTV Capital’s experience and enterprise connections.