bizztor

Avaamo Secured $14.2 million in Series A funding led by Intel Capital

Enterprise chatbot startup Avaamo raised $14.2 million in Series A funding, the round was led by Intel Capital, but also included investment from Ericsson Ventures, Mahindra Partners, Wipro Ventures, and WI Harper.

Also Read: How to become an entrepreneur with low investment

Avaamo is a deep-learning software company that specializes in conversational interfaces to solve specific, high impact problems in the enterprise. Avaamo is building fundamental AI technology across a broad area of neural networks, speech synthesis and deep learning to make conversational computing for the enterprise a reality.

It was started in 2014 by Menon and Sriram Chakravarthy. Menon is the Avaamo’s CEO while Chakravarthy is the CTO.

Ram brings over two decades of experience in enterprise software. Previously Ram was the President of Social Computing at TIBCO. He founded the division and built the business from scratch into a leader in Social Business Software with 9 Million paid users in just two years.

Sriram brings over 15 years of engineering experience in designing massively scalable distributed software. Previously Sriram was Vice President of Products for the Social Computing division at TIBCO where he was responsible for building tibbr, TIBCO’s SaaS based Social Computing platform.

Also Read: Top 5 businesses by women entrepreneurs

“Avaamo’s conversational intelligent assistants are already deployed globally in more than 40 countries and even greater global expansion is on the horizon as enterprises seek an AI-based conversational computing solution to improve last mile automation,” said Ram Menon, co-founder and CEO of Avaamo, in a statement.

Get SEO Insights from Experts

We curate top 10 SEO resources every week and share it with our community. Join our Weekly Newsletter to boost your organic traffic.  

COLLABORATION

Let's Discuss
to create the best
digital
solutions.

We’re a team of creatives people who are excited about unique ideas and help SMEs and Startups with their digital growth.

India Office:

Level 12, Building 8C,
Cybercity, Gurugram.
India – 122002

Email: [email protected]
Call: +91 7027030024
Ireland Office:

The Crescent Building,
Block B, Dublin,
D09 C6X8

Email: [email protected]
Call: +353 89 444 6579
Work inquiries

Interested in working with us?

Email:
[email protected]
Copyright ©2020 Bizztor. All Rights Reserved. Bizztor is a trademarks of Bizztor Media Private Limited.
Sidebar Scroll To Top

HEY YOU, SIGN UP AND CONNECT TO WOODMART!

Be the first to learn about our latest trends and get exclusive offers

Will be used in accordance with our Privacy Policy