Koneru, who also founded Kony, iTouchPoint, and Intelligroup, started Kore.ai in 2014, inspired by the potential of artificial intelligence and large language models (LLMs) like OpenAI’s ChatGPT. Kore.ai differentiates itself by providing flexibility in AI application deployment and high customization. The company claims its offerings are more cost-effective and offer more privacy than larger AI models like OpenAI’s ChatGPT or Anthropic’s Claude.
Key takeaways:
- Kore.ai, an AI and GenAI enterprise, has secured $150 million in its latest funding round, bringing its total funding to approximately $223 million.
- The funding was led by FTV Capital, Nvidia, Vistara Growth, Sweetwater PE, NextEquity, Nicola, and Beedie, and will be used to advance product development and expand the team.
- Kore.ai was founded by Raj Koneru in 2014, who saw potential in artificial intelligence, particularly in large language models (LLMs) like OpenAI’s ChatGPT.
- Kore.ai differentiates itself by offering flexibility in AI application deployment and a high level of customization, and claims to be more cost-effective and privacy-focused than larger AI models.