- Orbo.ai and Uniphore raised $1.6M and $51M respectively this week.
- The new round of funding is Uniphore’s largest to date and marks one of the biggest funding rounds in the conversational AI sector in the recent past
Mumbai-based artificial intelligence (AI) powered imaging and visual enhancement startup Orbo.ai has secured $1.6 million in its Pre-Series A round of funding led by YourNest Ventures and Venture Catalysts.
Vinod Dham (developer of Intel’s Pentium microprocessor), John Ason (an investor in Jet.com that was sold to Walmart) and existing investor Refex Capital also took part in the funding.
Orbo plans to use the investment to ramp up its AI-based research efforts and to further create a seamless and automated visual enhancement stack.
“We will be using the funds to provide superior technology solutions to our customers along with expediting our expansion and hiring plans across verticals such as R&D, engineering, product development, sales and marketing,” said the founder Manoj Shinde.
Founded in 2015, Orbo uses deep learning powered technology to automatically improve imagery and provide enhanced resolutions for pictures and videos on mobiles, laptops or display devices.
At present, Orbo.ai provides its technology solutions across multiple industries including media and entertainment, 5G, retail and e-commerce.
Uniphore completes Series C Round funding
Earlier this week, Chennai-based conversational AI technology company, Uniphore, raised $51M in Series C funding led by March Capital Partners, with participation from Chiratae Ventures (formerly IDG Ventures), Sistema Asia, CXO Fund, ITP, Iron Pillar, Patni Family, along with other investors.
The new round of funding is Uniphore’s largest to date and marks one of the biggest funding rounds in the conversational AI sector in the recent past.
Uniphore will use the funds to expedite its go-to-market in North America, invest in R&D for the next wave of innovation on its platform and grow its talented employee base globally.
“With this new round of funding, we will be able to accelerate our global expansion and better serve our customers by developing and delivering innovative Conversational Service Automation (CSA) solutions to more organizations around the world,” said Umesh Sachdev, CEO and Cofounder, Uniphore.
Umesh Sachdev moved to Silicon Valley recently to expand the company’s reach in North America.
In 2018, the company experienced 300 percent year-over-year growth and the year prior, Uniphore had an exciting Series B round with participation by various existing and new investors including IDG Ventures, IIFL and JC2 Ventures.
Sachdev is expecting the same growth in 2019 as well.