Chennai-based speech recognition solutions company, Uniphore Software Systems announced today that it closed Series A round of funding, which saw investment by global business and technology thought leader, Kris Gopalakrishnan (Co-Founder, Infosys) along with existing investors. The company did not disclose the quantum of investment raised during the round of funding.
The funding will help in Uniphore’s global expansion and product and core technology development plans.
Kris Gopalakrishnan, Infosys Co-Founder and investor in Uniphore said, “Continuing on my theme of backing inclusive innovations, I am optimistic of the success of Uniphore. Man-Machine communication is one of the more complex problems to solve. Uniphore’s vision lends possibility of finding a solution to this very difficult problem and the company has already made substantial progress.”
“Kris’ involvement gives us great confidence to transform our dream into reality. His experience in building mammoth and global businesses will help us move in the right direction,” said Umesh Sachdev, Co-founder and CEO, Uniphore Software Systems.
Uniphore’s innovative solutions include voice biometrics, virtual assistant and speech analytics that change the way enterprises engage their consumers, build loyalty and maintain healthy bottom-line.
Prior to this Series A round, Uniphore had received investment from IDG Ventures India, India Angel Network, Ray Stata, Co-Founder and Chairman of the Board of Analog Devices, Inc. and YourNest Angel Fund and also seed investment from IIT Madras’ Rural Technology and Business Incubator (RTBI), Villgro Innovations Foundation, and the National Research Development Corporation.
