Capacity, a St. Louis-based AI-powered support automation platform, raised an additional $27 million in Series C financing, closing out the round at more than $38 million led by existing investors.
These funds will be allocated to support new team members, enhance product capabilities and optimize the company’s support automation platform.
To date, Capacity has raised over $62 million. The latest round comes on the heels of recognition from the EdTech Breakthrough Awards, FinTech Awards 2021, and KMWorld’s AI50.
Company: Ai Software, LLC
Round: Series C
Funding Month: January 2022
Lead Investors: Existing investors
Company Website: https://capacity.com/
Software Category: AI-powered support automation platform
About the Company: Founded in 2017 by David Karandish and Chris Sims, Capacity provides an AI-powered support automation platform that connects a tech stack to answer questions, automates repetitive support tasks, and builds solutions to any business challenge. As businesses continue to invest in the tools and technologies needed to help people do their best work in the modern era, Capacity empowers teams to work productively and cohesively regardless of location.
Source: https://www.finsmes.com/2022/01/capacity-closes-38m-series-c-funding.html https://capacity.com/press/capacity-closes-series-c-funding-at-38m-surpassing-more-than-62m-in-total-capital-raised/