involve.ai, a customer intelligence platform based in Los Angeles, CA, has raised $16 Million in Series A funding.

The round was led by Sapphire Ventures, which included existing investors Bonfire Ventures, Greycroft, Launch Capital, BDMI, and new investors GTMfund, Fenwick, Gokul Rajaram, Stanford University, and Michael Whitmire.

The money will be used to expedite the company's product roadmap, increase its go-to-market teams, and improve customer experience by investing in the product, engineering, and AI teams.

Company: involve.ai, Inc.

Raised: $16.0M

Round: Series A

Funding Month: August 2021

Lead Investors: Sapphire Ventures 

Additional Investors: Bonfire Ventures, Greycroft, Launch Capital, BDMI, GTMfund, Fenwick, Gokul Rajaram, Stanford University, and Michael Whitmire

Company Website: https://www.involve.ai/

Software Category: a customer intelligence platform>AI

About the Company: Founded by Gaurav Bhattacharya and Saumya Bhatnagar, involve.ai provides a platform that uses artificial intelligence to allow businesses to prevent customer churn and accelerate revenue growth, unlocking predictive customer intelligence from existing data. To this end, the company has trained its AI algorithms on over 120 million data points, focusing on dispersed qualitative data (email, call notes, chat records, and more).

Source: https://www.finsmes.com/2021/08/involve-ai-raises-16m-in-series-a-funding.html