Uniphore earns $400 million in Series E funding and joins the unicorn club with a $2.5 billion value
- ByStartupStory | February 17, 2022
Uniphore Technologies Inc. has joined the ranks of the so-called unicorns after raising $400 million at a valuation of $2.5 billion.
Uniphore, which was launched in 2008, obtained financing in a Series E round sponsored by New Enterprise Associates, an American venture capital company (NEA). Uniphore said in a statement on Wednesday that it received funding from March Capital, Sanabil Investments, and Sorenson Capital Partners, as well as certain previous investors. Unicorns are privately held companies with a market capitalization of $1 billion or more. Uniphore’s total capital raised to date is $610 million, thanks to the newest investment. In March 2021, it raised $140 million for the last time.
The new funding will be used to develop voice, artificial intelligence (AI), computer vision, and tonal emotion, as well as to extend the company’s commercial operations internationally, particularly in North America, Europe, and Asia Pacific, according to the startup.
Hilarie Koplow-McAdams, an NEA venture partner, will join Uniphore’s board of directors as part of the purchase. With more than three decades of expertise in the corporate software and services sector, Koplow-McAdams has worked for both start-ups and established companies.
Balaji Raghavan has been made chief technology officer, Andrew Dahlkemper has been named chief people officer, and Vinod Muthukrishnan has been designated senior vice-president, developer platforms at Uniphore.
Uniphore, which is situated in Chennai and California and competes with firms like ASAPP and Cogito, was founded by Umesh Sachdev and Ravi Saraogi.
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