UTEC is celebrating an exit as Agara is acquired by Coinbase for a reported $40m to $50m.
Agara, a US-based virtual voice agents platform, has been purchased by cryptocurrency exchange operator Coinbase, providing an exit to University of Tokyo Edge Capital (UTEC), a venture capital affiliate of the institution.
Financial terms were not officially confirmed, but sources told TechCrunch the deal was worth between $40m and $50m. The transaction is set to close by the end of the year.
Agara has developed machine learning and natural language processing technology to improve customer experience. Its platform could be…
