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