Uniphore Raises $140 Million in Series D Funding as Demand Skyrockets for Enterprise AI and Automation Solutions | Business & Finance


PALO ALTO, Calif.–(BUSINESS WIRE)–Mar 31, 2021–

Uniphore, an early chief in Conversational Service Automation (CSA), at the moment introduced it has raised $140 million in Collection D funding, bringing the entire funds invested within the firm to $210 million. This newest spherical of financing was led by Sorenson Capital Companions. It contains extra new traders from Europe and the Center East, Serena Capital and Sanabil Investments, and strategic investor, Cisco Investments. Additional increasing their earlier investments in Uniphore, March Capital Companions, Nationwide Grid Companions, Chiratae Ventures, Iron Pillar Fund, and Sistema Capital additionally participated within the Collection D providing.

The brand new spherical of funding is Uniphore’s largest up to now. The funding will likely be used to increase Uniphore’s expertise and market management in AI, Automation and Machine studying throughout the enterprise. This will even embody a concentrate on video-based AI purposes stemming from Uniphore’s acquisition of Emotion Analysis Labs earlier this 12 months in addition to purposes in Belief, Safety and RPA markets.

Additionally introduced at the moment is the appointment of Rob Rueckert, Managing Associate at Sorenson Capital Companions, to the Uniphore Board of Administrators. Mr. Rueckert is an skilled technology-focused government who brings a powerful background in each product innovation and progress.

With the marketplace for digital transformation accelerating, Uniphore has introduced a number of strategic companions and clients this previous 12 months. These wins basically allow Uniphore options to empower and enhance a whole bunch of hundreds of thousands of buyer engagements with its progressive synthetic intelligence (AI) and automation software program. Uniphore’s options assist organizations handle and analyze contact middle engagements, offering a greater buyer expertise, finally driving higher enterprise outcomes.

“Given the speedy digital transformation occurring throughout the enterprise, the necessity for automated and clever options to assist drive new enterprise fashions has by no means been larger. We noticed this years in the past and have been delivering innovation to areas reminiscent of contact facilities, to allow higher buyer experiences. With our latest acquisitions of RPA and video AI expertise, we alone can ship a conversational service automation platform for the fashionable Enterprise, combining conversational AI and Robotic Course of Automation (RPA) throughout voice and video-based engagements,” stated Umesh Sachdev, CEO and co-founder of Uniphore. “This injection of capital and new addition to our board management will gas our progress, place us to outpace the competitors and assist remodel enterprise via dramatically improved buyer experiences.”

2020 accelerated digital imperatives for each firm and put the main focus instantly on AI and Automation to drive that transformation of what consultants agree is projected to be greater than a $500 billion market alternative. As proof of this development, market information reveals organizations elevated their reliance on contact middle brokers to service buyer wants remotely within the wake of the worldwide pandemic and regional stay-at-home orders.

Uniphore has capitalized on this unimaginable momentum over the previous 12 months and expects to have $100M in contracted annual recurring income (ARR) in fiscal 2022 primarily based on a forecast of continued hypergrowth.

Within the final 12 months, Uniphore received important offers together with a few of the world’s largest telecom suppliers, insurance coverage corporations and monetary service organizations. Moreover, they’ve additionally received buyer contracts with buyer expertise (CX) suppliers together with Tech Mahindra, NTT DATA, Sitel, Firstsource, and WNS. These offers and others can help over 75,000 customer support brokers who can deal with roughly 160 million engagements each month. Uniphore additionally expanded worker headcount final 12 months with the addition of greater than 100 new workers globally, together with former PwC Associate Stéphane Berthier as its Chief Monetary Officer. It’s on monitor to rent greater than ­­300 workers this subsequent fiscal 12 months.

Stephane Berthier, Uniphore CFO added, “Contact facilities are centered on offering glorious customer support and effectivity via AI and automation. With greater than 1.15M brokers employed globally in addition to elevated concentrate on agent help and digital customer support, the market alternative is stronger than ever earlier than. Immediately’s announcement of extra funding confirms the appreciable curiosity on this house and can help our sturdy progress anticipated within the subsequent 12 months and past.”

“As a number one investor in transformational enterprise expertise, we had been very impressed by the Uniphore workforce and what they’ve been capable of do for purchasers and the broader market,” stated Rob Rueckert, Managing Associate at Sorenson Capital. “We’re excited to again Uniphore and consider 2021 will likely be a breakout 12 months of improvements and large progress in remodeling CX for the Enterprise.”

Sorenson Capital is a number one progress and enterprise capital funding agency centered on enterprise software program. With places of work in Palo Alto, CA and Salt Lake Metropolis, UT, Sorenson has an almost two-decade monitor document of backing transformational applied sciences and best-in-class entrepreneurs, together with Fastly, Well being Catalyst, Pluralsight, Omniture, Workfront, Couchbase, Amplitude, Socure, Harness, MX, Cradlepoint, and now Uniphore, amongst others. Sorenson Capital has greater than $1 billion in capital beneath administration and was based in 2002. For extra details about Sorenson Progress and Sorenson Ventures, please go to www.sorensoncapital.com.

Uniphore is the worldwide chief in Conversational Service Automation. The Firm’s imaginative and prescient is to disrupt an outdated customer support mannequin by bridging the hole between human and machine utilizing voice, AI and automation to make sure that each voice, on each name, is actually heard. Uniphore allows companies globally to ship transformational customer support by offering an automation platform the place digital brokers take over transactional conversations from people, coach brokers throughout calls, and precisely predict language, emotion and intent. All in real-time. With Conversational Service Automation, enterprises can now have interaction their clients to successfully construct loyalty, enhance buyer expertise and notice operational efficiencies.

Nawaz Mohammed, Uniphore,

KEYWORD: CALIFORNIA SINGAPORE UNITED STATES NORTH AMERICA ASIA PACIFIC

INDUSTRY KEYWORD: SOFTWARE NETWORKS INTERNET FINANCE ELECTRONIC DESIGN AUTOMATION PROFESSIONAL SERVICES TECHNOLOGY OTHER TECHNOLOGY

Copyright Enterprise Wire 2021.

PUB: 03/31/2021 06:17 AM/DISC: 03/31/2021 06:17 AM

Copyright Enterprise Wire 2021.



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