Uniphore Raises $140 Million To Enhance Its AI & Automation Capabilities

Uniphore Raises $140 Million To Extend Enhance Its AI & Automation Capabilities

Uniphore, a voice AI startup, has raised $140 million in a Series D round of funding led by Sorenson Capital Partners to extend its technology and market leadership in artificial intelligence. With this round, the total funds raised by the company will be $210 million.

Along with Sorenson Capital, new investors such as Serena Capital and Sanabil Investments, and Cisco Investments have also participated in the round. 

The year 2020 has massively accelerated digital imperatives for every company and focused directly on AI and automation to drive that transformation of what is projected to be more than a $500 billion market opportunity. According to the company, the funds will be used to extend Uniphore’s technological capabilities along with market leadership in artificial intelligence, automation and machine learning across the enterprise, among other things.


Sign up for your weekly dose of what's up in emerging technology.

Know more about the company here.

Speaking on occasion, Umesh Sachdev, CEO and co-founder of Uniphore said to the media that, the rapid digital transformation across the enterprise had surged the need for automated and intelligent solutions to help drive new business models has never been greater. “We saw this years ago and have been delivering innovation to areas such as contact centres to enable better customer experiences,” said Sachdev.

With its acquisition of RPA and video AI technology company, NTT DATA and Emotion Research Lab, Sachdev believes that it can deliver a conversational service automation platform for the modern enterprise. It aims to combine conversational AI and robotic process automation across voice and video-based engagements.

Sachdev further mentioned that the new addition of capital would fuel the company’s growth, outpace the competition, and transform business through dramatically improved customer experiences.

Uniphore has capitalised on this incredible momentum over the past 12 months and expects to have $100 million in contracted annual recurring revenue (ARR) in fiscal 2022 based on a forecast of continued hypergrowth.

More Great AIM Stories

Sejuti Das
Sejuti currently works as Associate Editor at Analytics India Magazine (AIM). Reach out at sejuti.das@analyticsindiamag.com

Our Upcoming Events

Conference, in-person (Bangalore)
Machine Learning Developers Summit (MLDS) 2023
19-20th Jan, 2023

Conference, in-person (Bangalore)
Rising 2023 | Women in Tech Conference
16-17th Mar, 2023

Conference, in-person (Bangalore)
Data Engineering Summit (DES) 2023
27-28th Apr, 2023

Conference, in-person (Bangalore)
MachineCon 2023
23rd Jun, 2023

Conference, in-person (Bangalore)
Cypher 2023
20-22nd Sep, 2023

3 Ways to Join our Community

Whatsapp group

Discover special offers, top stories, upcoming events, and more.

Discord Server

Stay Connected with a larger ecosystem of data science and ML Professionals

Subscribe to our newsletter

Get the latest updates from AIM