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PolyAI Raises $14 Million in Series B

PolyAI, a London-based conversational AI startup, raised $14 million in a Series B round led by Silicon Valley's Khosla Ventures, with participation from previous investors Point72 Ventures, Amadeus Capital, Sands Capital Ventures, Passion Capital, and Entrepreneur First.

Ben Murray profile image
by Ben Murray
PolyAI Raises $14 Million in Series B

PolyAI, a London-based conversational AI startup, raised $14 million in a Series B round led by Silicon Valley's Khosla Ventures, with participation from previous investors Point72 Ventures, Amadeus Capital, Sands Capital Ventures, Passion Capital, and Entrepreneur First.

This follows their $12 million Series A and will provide resources for further U.S. expansion beyond its existing U.S. team. The startup has now raised $28 million to date.

Company: PolyAI Ltd.

Raised: $14.0M

Round: Series B

Funding Month: September 2021

Lead Investors: Silicon Valley's Khosla Ventures

Additional Investors: Point72 Ventures, Amadeus Capital, Sands Capital Ventures, Passion Capital, and Entrepreneur First

Company Website: https://www.polyai.com/

Software Category: Conversational > AI

About the Company: PolyAI is a London-based technology company with a state-of-the-art machine learning platform for creating conversational agents. The PolyAI platform empowers contact centers, allowing them to deliver the next generation of customer experience at a fraction of the cost paid by their competitors. PolyAI's conversational AI agents understand users and can hold conversations without getting confused. They are available 24/7 and can easily scale to support new use cases or to speak almost any world language.

Source: https://techcrunch.com/2021/09/08/ai-driven-voice-assistant-polyai-raises-14m-round-led-by-khosla-ventures/

Ben Murray profile image
by Ben Murray

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