Kore.ai Continues Capital Raise

Kore.ai, a company developing enterprise-focused conversational AI and GenAI products, announced that it raised $150 million in a funding round led by FTV Capital, Nvidia, Vistara Growth, Sweetwater PE, NextEquity, Nicola and Beedie. Bringing the company’s total raised to ~$223 million, the new cash will be put toward product development and scaling up Kore.ai’s workforce. Koneru started Kore.ai in 2014 after launching Kony, a mobile app development startup, and several other small companies, including iTouchPoint (an outsourcing firm) and Intelligroup (a tech consultancy). He says he was inspired to found Kore.ai after seeing the potential of AI, particularly large language models (LLMs) along the lines of OpenAI’s ChatGPT, to transform user experiences.