Kore.ai Raises $150M as Enterprise Conversational AI Demand Soars
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Kore.ai, an enterprise conversational AI startup, raised $150M in funding led by FTV Capital and Nvidia. This brings their total raised to $223M.
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Kore.ai provides a no-code platform to help companies deploy conversational AI and GenAI for customer service, employee interactions, etc.
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Kore.ai claims its fine-tuned models are more accurate, efficient, and cost-effective than larger pre-trained models for enterprise use cases.
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The company has over 400 enterprise customers including AT&T, Coca-Cola, and Airbus. Its annual recurring revenue exceeds $100M.
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Funding for GenAI startups hit a record $10B in 2022. Kore.ai aims to tap growing enterprise demand for AI while avoiding potential pitfalls.