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An Orlando-based technology firm in the red-hot artificial intelligence sector closed the region’s second-biggest venture capital deal of the year.
Kore.ai Inc. raised $30.8 million in equity funding, according to an April 15 filing with the U.S. Securities and Exchange Commission. These funds come more than a year after CEO Raj Koneru said Kore.ai planned to raise at least $30 million to boost its sales and marketing capabilities.
Kore.ai, founded in 2014, provides a platform that allows businesses to design, build and use AI virtual assistants. Virtual assistants can understand, process, learn from and respond to voice or text commands to complete tasks in industries that range from banking to health care.
