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AI provider with links to hospitality sector secures private equity funding

Artificial intelligence

A leading conversational AI platform provider that serves the hospitality sector has secured growth capital to accelerate its global growth initiatives.

Kore.ai offers an all-in-one conversational AI platform that allows enterprises to build and deploy out-of-the-box or customized chatbots/virtual assistants for customers and workforce.

It combines natural language processing, machine learning, and AI into enterprise-wide collaboration and automation through conversational interfaces, thus supporting the growing mandate for digital transformation.

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The funding from Vistara Capital Partners will support its continued advancement of the conversational AI technology for the enterprise sector.

“Kore.ai continues to make bold investments in its market-leading technology that enables organizations to discover new ways of engaging customers and ensuring enterprise-wide collaboration through exceptional conversational experience,” said Raj Koneru, founder and CEO of Kore.ai.

“With the flexible growth capital financing package provided by Vistara, Kore.ai is poised to further its vision of creating intelligent enterprises through conversational AI.”

The company is continually adding capabilities to its conversational AI platform to remain a leader in the industry while bringing other targeted solutions to the AI market.

“As we looked at the market opportunity for Conversational AI, Kore.ai really stood out to us with its proven enterprise grade platform that has been implemented with numerous highly discerning global customers, and recognized by leading industry analysts,” said Randy Garg, founder and managing Partner of Vistara Capital Partners.

“We are also very excited to be backing this proven management team and look forward to continuing to support their accelerated growth over the years ahead.”

The Orlando-based company is seeing increasing demand with a robust pipeline of Global 2000 clients from a cross section of industries and geographies, including the hospitality sector.

Tags : artificial intelligencefundinginvestmentprivate equitytechnology
Andrew Seymour

The author Andrew Seymour

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