[Funding alert] GenAI Startup Kore.ai Raises $150 Mn Funding Led by FTV Capital

Kore.ai, a leader in enterprise conversational and generative AI platform technology, today announced $150 million in funding. The strategic growth investment was led by FTV Capital, a sector-focused growth equity investor, along with participation from NVIDIA and existing investors such as Vistara Growth, Sweetwater PE, NextEquity, Nicola, and Beedie.

The new funding will accelerate Kore.ai’s market expansion and continuous innovation in AI to deliver tangible business and human value at scale.

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“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,” said Raj Koneru, founder and CEO of Kore.ai. “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.”

With the support of an enterprise-grade no-code platform from Kore.ai, businesses of all sizes can use AI to power business interactions responsibly and safely, resulting in considerable revenue and cost savings.

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“We’ve spent significant time examining the landscape and evaluating advanced-AI platforms, and Kore.ai clearly stood out with its proven enterprise-grade platform capabilities, visionary leadership, strong R&D focus, established global customer base and clear path to profitability,” said Kapil Venkatachalam, partner at FTV Capital. “We’re excited to partner with such an experienced and high-caliber team that consistently delivers world-class innovations, and we look forward to leveraging our deep knowledge and network to catalyze Kore.ai’s success.”

About 200 million consumers and two million enterprise customers globally rely on the company to automate 450 million interactions per day. Kore.ai’s growth has been propelled by growing demand from emerging markets in Asia Pacific, Europe, Latin America, and the Middle East, in addition to domestic growth. Kore.ai has gained additional Global 2000 enterprise clients as a result, across key verticals.

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About Kore.ai

Kore.ai is a leading provider of advanced AI technology with a decade of experience in helping enterprises realize business value through the safe and responsible use of AI. 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.

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