Uniphore raises money from IDG Ventures, second round in less than two months

Last month, Infosys co-founder Krish Gopalakrishnan and others have invested in the company

After receiving money from Infosys co-founder Krish Gopalakrishnan a month ago, Uniphore Software Systems, Chennai-based speech recognition solutions company, today announced it has received new investment from IDG Ventures. The company did not disclose how much it raised.

The company said this investment will help Uniphore scale its core technology development efforts and expand its reach and presence in multiple markets across the globe.

Ranjith Menon, senior vice president, IDG Ventures, said that the combination of voice and analytics is a very interesting concept and the company would partner with the founders as they take this platform globally.

“IDG Ventures have deep experience of investing and mentoring world-class companies and having them as an investor is an enormous vote of confidence in Uniphore’s ability to emerge as a leader of its niche” said Umesh Sachdev, Co-founder and CEO, Uniphore Software Systems.

Uniphore has received investment from Kris Gopalakrishnan (Infosys Co-Founder), 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.