Uniphore Software Systems is the Chennai based speech recognized company which raised 38$ million in the funding. The fresh funding is leading by California based venture capital firm, which is an estimated valuation of around $130 million.
The series of C funding which also around saw National Grid partners, Patni wealth Advisors and Sistema Asia fund that participates in the round which along with the investors Chiratae Ventures.
In the two branches, uniformly raised $37.9 million according to the sources from business intelligence platform paper.vc As the growing startup, they are seeing an increase in the interest of the potential customers, employees, and investors who know the value the organization is bringing to this market.
It was the first company outside of the US that raises funds from the former executive chairman of the Cisco in 2017. It claimed it achieved a $100 million valuation and was closing in on $20 million in any revenue.
They are investing a considerable amount of money in R and D around the speech recognition and using AI to create the conversation engine. During the previous fundraising, they said that they double the amount of money in the research every year.