GenAI platform Kore.ai secures $150 million in funding led by FTV Capital

Enterprise conversational and generative AI platform Kore.ai has secured $150 million in a funding round led by FTV Capital along with participation from Nvidia and existing investors such as Vistara Growth, Sweetwater PE, NextEquity, Nicola and Beedie.

"As we look to enhance our Gen AI-powered innovations and drive wider adoption across a variety of market segments, we are pleased to have the backing of FTV Capital, a firm that has significant experience in our space and invaluable connections across the enterprise to augment our exciting growth trajectory," Raj Koneru, founder and CEO of Kore.ai, said in a statement on Tuesday.

The company said the funding would be used to accelerate its market expansion and innovation in AI.


“We’ve spent significant time examining the landscape and evaluating advanced-AI platforms, and Kore.ai clearly stood out with its proven enterprise-grade platform capabilities, visionary leadership, strong R&D focus, established global customer base and clear path to profitability,” Kapil Venkatachalam, partner at FTV Capital, said.

The company said it automates 450 million interactions a day for about 200 million consumers and two million enterprise users worldwide.