PolyAI, a London, UK-based company that builds enterprise voice assistants that carry on natural conversations with customers to solve their problems, announced that it closed $40 million in Series B funding.

The round was led by Georgian, with participation from Twilio Ventures, Khosla Ventures, Point72 Ventures, and Amadeus Capital Partners. 

PolyAI's funding brings the total amount raised to $70 million, valuing the company at nearly $300 million post-money. 

The funds will be used to support the company's go-to-market efforts as PolyAI ramps up customer acquisition.

"We’re on a mission to make enterprise voice assistants that customers love." The days of shouting “AGENT!” to a robotic IVR are nearly over. Hang in there — we’ll see you on the other side!"-Nikola Mrkšić, Co-founder & CEO of PolyAI, said

Company: PolyAI Ltd.

Raised: $40.0M

Round: Series B

Funding Month: September 2022

Lead Investors: Georgian

Additional Investors: Twilio Ventures, Khosla Ventures, Point72 Ventures, and Amadeus Capital Partners

Company Website: https://poly.ai/

Software Category: Conversational AI

About the Company: PolyAI, founded in 2017 by Nikola Mrki, Tsung-Hsien Wen, and Pei-Hao Su, creates enterprise voice assistants that engage in natural conversations with customers to solve problems and understand them, regardless of what they say or how they say it. PolyAI has previously been named a Cool Vendor in Conversational AI by Gartner and is on the 2021 AI 100 list by CB Insights. PolyAI employs over 100 people, has a headquarters in London, and has offices in New York and California. Poly AI working with a growing number of exciting companies in retail, finance, hospitality, and healthcare. PolyAI live voice assistants are now answering calls for dozens of exciting companies, such as FedEx, Marriott hotels, and Whitbread PLC.

Source: https://poly.ai/polyai-raises-40m-series-b/