Uniphore raises $38m in fresh funding

BENGALURU: Chennai-based speech recognition company Uniphore Software Systems has raised $38 million in fresh funding, led by California-based venture capital firm March Capital Partners, at an estimated valuation of around $130 million.

The Series-C funding round also saw National Grid Partners, Sistema Asia Fund and Patni Wealth Advisors, among others, participate in the round along with existing investor Chiratae Ventures.

Uniphore raised a total of $37.9 million in two tranches on June 5 and June 24, according to regulatory documents sourced from business intelligence platform Paper.vc. Paper.vc also estimated the valuation of Uniphore to be around $130 million post the investment.


“As a rapidly-growing startup, we are seeing an increase in interest from potential customers, employees and investors who see the value our organisation is bringing to this market,” a company spokesperson said, without confirming the latest fundraising round.