Asapp has doubled its valuation to $1.6bn in the space of a year, thanks to a $120m series C round backed by returning investor Telstra Ventures.

Asapp, a US-based developer of an artificial intelligence-equipped customer support platform, obtained $120m in a series C round yesterday backed by Telstra Ventures, the corporate venture capital arm of telecommunications firm Telstra.

Fidelity Management & Research, Dragoneer, March Capital, Emergence Capital, Euclidean Capital, Hof Capital, 40 North Ventures and private investor John Doerr also participated in the round, which valued Asapp at $1.6bn.

Founded in 2014, Asapp has developed a platform to help customer support and sales agents choose the…

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Thierry Heles

Thierry Heles is editor-at-large of Global University Venturing and Global Corporate Venturing, and host of the Beyond the Breakthrough podcast.
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