Kore.ai, startup building conversational AI, secures $150 mn in funding

Kore.ai, a conversational artificial intelligence (AI) company, said on Tuesday it had raised $150 million in funding for business growth and innovation.

The strategic growth investment was led by FTV Capital, a sector-focused growth equity investor, along with participation from chip giant Nvidia and existing investors such as Vistara Growth, Sweetwater PE, NextEquity, Nicola and Beedie. The company headquartered in Orlando, the United States, has research and development operations in Hyderabad. It did not comment on the valuation in the funding round.