Posh Technologies, a Boston-based proprietary conversational AI platform serving financial services companies, announced that it raised $27.5 million in Series A funding.
The round was led by Canapi Ventures, with participation from new investors Curql Collective, Human Capital, CMFG Ventures, JAM FINTOP, and Piedmont Capital.
This infusion of capital will enable rapid growth for Posh, supporting additional investment in product research and development, and the expansion of Posh’s world-class team to ensure it continues to deliver cutting-edge AI to a growing number of community financial institutions and financial technology clients.
Company: Posh Technologies Inc.
Raised: $27.5M
Round: Series A
Funding Month: December 2021
Lead Investors: Canapi Ventures
Additional Investors: Curql Collective, Human Capital, CMFG Ventures, JAM FINTOP, and Piedmont Capital
Company Website: https://www.posh.tech/
Software Category: Conversational AI platform
About the Company: Posh was founded in 2018 by Karan Kashyap and Matt McEachern out of MIT with the vision to empower community financial institutions through intuitive, conversational AI. The proprietary conversational AI fosters an enjoyable and efficient banking experience for users, the Posh AI platform enables financial institutions to offer always-available, easy-to-use, conversational banking experiences to their customers. Posh is rapidly growing, partnering with more than 40 financial institutions to deploy web-based and mobile-based digital agents in addition to voice assistants. The team at Posh serves nearly 50 enterprise clients across the credit union and banking space, including Salem Five Bank, Affinity Federal Credit Union, One Nevada Credit Union, and State Department Federal Credit Union, among others serving a diverse client base. Posh is headquartered in Boston.
Source: https://www.businesswire.com/news/home/20211209005559/en/Posh-Technologies-Secures-27.5-Million-in-Series-A-Funding-Led-by-Canapi-Ventures