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Kore.ai, a startup building conversational AI for enterprises, raises $150M
Kore.AI, a conversational AI and GenAI vendor, has raised $150M in a venture round that had participation from Nvidia.
Kore.ai, a company developing enterprise-focused conversational AI and GenAI products, today announced that it raised $150 million in a funding round led by FTV Capital, Nvidia, Vistara Growth, Sweetwater PE, NextEquity, Nicola and Beedie. The company’s customer base eclipsed 400 brands (including PNC, AT&T, Cigna, Coca-Cola, Airbus and Roche) last year, and its annual recurring revenue now stands north of $100 million — thanks to income from licensing and usage fees in addition to consulting services. “The most pressing challenge [we’re facing] is to operate and innovate in a market that’s not just seen rapid growth but also disruption driven by advancements in technology, changing user expectations and a broader integration of newer AI capabilities that are evolving each day.
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