Uniphore Software Systems Pvt Ltd, which is an AI-based speech recognition software startup, has now secured $38.08 Million from a wide range of investors in the fresh funding round.
California based investment firm march Capital partners led what is also likely to secure Series C round with an investment of $15.74 Million according to the report which has been revealed.
The startup which has been founded in the year 2014, March Capital Partners is a technology-focused investment that also typically enters a company between the Series A and Series C stages, according to the information. It targets investment in cloud, Internet of Things, and enterprise software infrastructure.
National Grid partners, which are a London based company put around $10.15 Million while on the other hand Sistema Asia, as well as some of the existing investor Chiratae Ventures, put in with $5 Million each.
Uniphore was started in the year 2008 by the Ravi Saraogi and Umesh Sachdev. Its product portfolio also comprises auMina, a speech analytics platform that mines conversations and helps in achieving better business outcomes; akeira, a virtual assistant that offers consumer a self-service experience with the intuitive voice interface and amVoice, a portable multi-language voice biometrics platform that makes use of the user’s own voice for the accurate authentication.