Kasisto, the creators of KAI, a digital experience platform for the financial services industry, today announced on Tuesday it secured $15 million through its Series B extension funding round, which was led by new investor Rho Capital Partners with participation from Oak HC/FT, Propel Venture Partners, Two Sigma Ventures, Commerce Ventures, and the Partnership Fund for New York City.
Founded in 2013, Kasisto has global production deployments of its intelligent virtual assistants in more banks than any other Conversational AI company and its customers include J.P. Morgan, Mastercard, Standard Chartered, TD, and DBS, among others. In addition to banks, the company has developed the most advanced intelligent virtual assistants for fintechs and wealth management firms. While sharing more details about the company and the funding round, Zor Gorelov, CEO of Kasisto, stated:
“Our mission has always been to imagine, build, and market the world’s most intelligent virtual assistants for the financial services industry. Where other solutions in our space deliver generic frameworks and unintelligent chatbots, we have intentionally invested tremendous energy training KAI to be financially intelligent, insightful and engaging, right out of the box. This allows financial institutions to deploy faster and deliver exciting, human-like digital experiences to their customers. This additional investment will allow us to accelerate our mission and make KAI available to all segments of the financial services industry. We are delighted to work with Rho Capital Partners, and all of our investors.”
Habib Kairouz, a Managing Partner of Rho Capital Partners, added:
“Kasisto is unlike every other company in the Conversational AI space. We invested in Kasisto because they have a proven track record of success, have designed and built what is clearly the leading digital experience and Conversational AI platform for the financial services industry, and have an impressive team of AI experts, data scientists, as well as an experienced management group that are relentlessly focused on growing the business.”