17 Feb Uniphore announces $400 million series E funding round to support explosive growth
Technology company Uniphore has announced its latest funding round of $400 million. This investment round is the company’s largest to date and comes as the company’s valuation rises to $2.5 billion.
March Capital alongside other existing Uniphore investors are expected to participate in this next round of funding. Previously the company, which specialises in conversational automation, has secured more than half a billion ($610 million) in funding.
Uniphore is the market leader for advancements in voice AI, computer vision and tonal emotion. As many businesses turn to artificial intelligence to aid their customer experience and interactions, the business has also announced plans to expand its business operations globally, specifically in North America, Europe and Asia Pacific.
Umesh Sachdev, CEO and founder of Uniphore, said: “Understanding conversations and the data and insights derived from them is essential to every business.
“Our conversational automation engine has been delivering powerful and innovative solutions to help enterprises not just survive but thrive amidst all the demands placed on them by customers. It is an incredibly exciting time to be in this industry and at Uniphore, with a rapidly growing customer base and unparalleled talent joining our leadership team and board of directors. I am looking forward to working with businesses around the world to help drive their success in 2022.”
Uniphore’s rapid growth rate has also warranted new additions to its team as last year it celebrated milestones including being named one of the fastest growing tech companies in North America on the 2021 Deloitte Technology Fast 500™ list . The business has recently annunced the appointment of Hilarie Koplow-McAdams, Venture Partner, NEA, to Uniphore’s Board of
Directors. Mrs. 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.
Hilarie Koplow-McAdams, Venture Partner, NEA, said: “When we look at Uniphore’s technology and the great advances the company has made in the last few years, we are very excited about its future product roadmap and are thrilled to participate in this new round.
“As we continue to operate in an increasingly virtual work model, technologies like Uniphore’s are a necessity for organizations that want to unleash their competitive advantage and take their business to the next level.”