Invoca, a Santa Barbara, CA-based cloud leader in AI-powered conversation intelligence for revenue teams, has announced that it raised $83 million in Series F equity financing at a valuation of $1.1 billion. The new capital brings the company's total equity financing to $184 million.
The round was led by Silver Lake Waterman with additional new investments from Hollyport Capital, Kingfisher Investment Advisors, and Fenwick & West, along with participation from existing investors Upfront Ventures, Accel, H.I.G. Capital, and Industry Ventures.
Funding will be used to transform contact centers with AI-powered conversation intelligence, expand internationally, and pursue acquisitions
Company: Invoca Inc.
Raised: $83.0M
Round: Series F
Funding Month: June 2022
Lead Investors: Silver Lake Waterman
Additional Investors: Hollyport Capital, Kingfisher Investment Advisors, Fenwick & West, Upfront Ventures, Accel, H.I.G. Capital, and Industry Ventures.
Company Website: https://www.invoca.com/
Software Category: Conversation Intelligence Platform
About the Company: Invoca is the cloud leader in AI-powered conversation intelligence for revenue teams that enables marketing, sales, customer experience, and eCommerce teams to understand and immediately act on the information consumers share via conversations. Through deep integrations with leading technology platforms, revenue teams can turn conversation data into automated action to enhance every digital touchpoint and human interaction, leading to better experiences, more conversions, and higher revenue. Invoca is trusted by top brands like Dish Network, Mayo Clinic, Mutual of Omaha, and 1-800-GOT-JUNK? Invoca has raised $184M from leading venture capitalists including Upfront Ventures, Accel, Silver Lake Waterman, H.I.G. Growth Partners, and Salesforce Ventures.
Source: https://www.prnewswire.com/news-releases/invoca-raises-83m-series-f-financing-increases-valuation-to-1-1b-and-exceeds-100m-run-rate-revenue-301567641.html