Hyderabad-based Kore.ai raises $150 million from FTV Capital, NVIDIA

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

Hyderabad-based Kore.ai has secured $150 million in funding led by FTV Capital to drive AI-powered customer and employee experiences for global brands, the company announced on January 30. NVIDIA and existing investors, including Vistara Growth, Sweetwater PE, NextEquity, Nicola, and Beedie, also participated in this funding round.

The latest funding will accelerate Kore.ai’s market expansion and continuous innovation in AI to deliver tangible business and human value at scale, the company further stated on its website.

Kore.ai provides an enterprise-grade no-code platform to help companies of all sizes power business interactions with AI safely and responsibly while driving significant revenue and cost savings.

Gartner estimates the conversational AI market to reach $377 billion in revenue by 2032, up from $66 billion in 2023.

“We have been working with advanced AI for a decade now – our deep technology expertise and market understanding put us in a prime position to take advantage of the momentum and to do AI right in order to meet growing customer needs,” said Raj Koneru, founder and CEO of Kore.ai.

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