Uniphore

Over the last decade, we have evolved our product suite from using external AI solutions to building our own algorithms and AI services, said Raghavan

The round brings the Chennai and Palo Alto-based start-ups's total funding to date to $610 million

2020 sped up digital imperatives for companies as it put focus directly on AI and automation to drive that transformation of what experts agree is projected to be a $500 bn-plus market opportunity

Uniphore saw 300 per cent YoY growth in 2018 and recently raised $51 mn from various existing and new investors

The latest round of funding is Uniphore's largest to-date and one of the biggest in conversational AI in recent months

Uniphore Software Sytems, a speech recognition solutions provider backed by Infosys co-founder Kris Gopalakrishnan and various venture capital firms, is planning to set up its research and development activities in US, in order to attract expertise from Silicon Valley. The company is planning to expand in Asian countries with its multiple language speech recognition solutions in next two to three years, said Umesh Sachdev, CEO and co-founder of Uniphore."We are planning to set up our office in US during this year. Over a period of time, it would also help us to gain expertise from Silicon Valley," he said. The company has its R&D activities in Chennai and Bengaluru at present.Commenting on the expansion plans, he said that the company is looking at expanding its operations to some of the Asian countries in near future. It currently has its operationsin India, Singapore and UAE. Sachdev added that the focus will remain to be in Indian market.In terms of opportunity for expansion, ..

Initiative spearheaded by a group comprised of London & Partners, BDO India, British Airways, UK Trade and Investment