The Mastercard-backed customer service bot developer took its total funding past $50m with $7m from Napier Park Financial Partners.

Kasisto, a US-based conversational artificial intelligence developer backed by payment services firm Mastercard, raised $7m on Tuesday to expand its series B extension round to $22m.

The additional funding came from Napier Park Financial Partners, the private equity arm of alternative asset manager Napier Park Global Capital.

The initial $15m extension was led by Rho Capital Partners in September 2019 and also featured financial services firm BBVA’s venture capital arm, Propel Venture Partners, as well as Two Sigma Ventures,…

Robert Lavine

Robert Lavine is special features editor for Global Venturing.