Uniphore raises $140 million as demand for enterprise AI increases

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, the conversational service automation (CSA) company,  has raised $140 million in Series D funding, bringing the total funds invested in the company to $210 million. This latest round of financing was led by Sorenson Capital Partners.  It includes additional new investors from Europe and the Middle East, Serena Capital and Sanabil Investments, and strategic investor, Cisco Investments. Further expanding their previous investments in Uniphore, March Capital Partners, National Grid Partners, Chiratae Ventures, Iron Pillar Fund, and Sistema Capital also participated in the Series D offering.

The new round of funding is Uniphore’s largest to date. The funding will be used