Kore.ai chats up Nvidia for series C extension

Nov 24, 2021 • Edison Fu

The corporate has backed the AI-equipped chatbot developer through a strategic alliance, boosting its latest round to $73.5m.

US-based automated conversational software developer Kore.ai increased its series C funding to $73.5m yesterday having secured an extension from graphics processing unit (GPU) producer Nvidia.

The company completed a $70m first close of the round in September this year, with the $50m equity portion co-led by financial services firm PNC and growth capital firm Vistara Growth and backed by NextEquity Partners, Nicola Wealth and Beedie Capital, while Sterling National Bank supplied a $20m debt facility.

Founded in 2013, Kore.ai has…

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Edison Fu

Edison Fu is a reporter and Asia liaison at Global Corporate Venturing.

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