Conversica Inc., a provider of AI-driven conversational services that facilitates email conversations and other forms of engagement, has raised $31 million in Series C funding.
The round -- which brings total financing to $87 million -- was led by Providence Strategic Growth Capital Partners L.L.C., an existing investor. Also participating were existing investors Toba Capital and Kennet Partners and new investors CIBC Innovation Banking and Savano Capital Partners.
The money will be spent on global sales and marketing expansion, and technological development, the firm says.
Conversica uses AI technology to drive intelligent assistants that automate business conversation and frees salespeople to focus on more important tasks.
Gopi Vaddi, managing director of Providence Strategic Growth, states that “Conversica is poised for explosive growth.”
Vaddi adds that the firm helps clients through "many parts of the customer experience lifecycle."
The company raised $22 million in its Series A round, and $34 million in its Series B round.