Uniphore declares US$400 million Series E funding round

KUALA LUMPUR, Feb 17 -- Uniphore, the leader in conversational automation, has announced its Series E funding round of US$400 million. (US$1 = RM4.182)

The round, which brings Uniphore’s total funding to more than half a billion (US$610 million) is led by NEA and raises the company’s valuation to US$2.5 billion, according to a statement.

March Capital and other existing Uniphore investors along with new entities are also participating in this funding round. The new round of funding is Uniphore’s largest to date and will be used to extend Uniphore’s technology and market leadership with advancements in voice AI, computer vision and tonal emotion, as well as to expand its business operations globally, specifically in North America, Europe and Asia Pacific.

The market for automating enterprise conversations has rapidly accelerated in the past few years as companies recognise the impact of positive customer interactions on their brand image and customer loyalty. As a result, many businesses have turned to artificial intelligence and automation to create smooth and frictionless customer experiences, and Uniphore has been at the forefront of innovation leading the industry. Uniphore’s rapid growth rate has also warranted new additions to its team. Also announced is the appointment of Hilarie Koplow-McAdams, Venture Partner, NEA, to Uniphore’s Board of Directors.

Koplow-McAdams is a seasoned enterprise software and services executive who brings more than three decades of experience for both growth-stage and established companies.

Bolstering the strength of its leadership team, the Company recently appointed Balaji Raghavan as Chief Technology Officer, Andrew Dahlkemper as Chief People Officer, and Vinod Muthukrishnan as Senior Vice President, Developer Platforms.

-- BERNAMA