AI chatbot Kasisto collects $7m in Series B round

Kasisto, a startup helping to digitalize financial services, has raised $7m in a Series B funding round.

The investment brings the FinTechs total equity raised to $22m. Prior to the Series B, Kasisto raised $15m from backers including Rho Capital Partners, Oak HC/FT, Propel Venture Partners, Two Sigma Ventures and Commerce Ventures.

With the new funds, Kasisto will invest into its global field organization to accelerate its go-to-market strategy. Additionally, it will increase the pace of its technology innovation to improve the capabilities of its AI.

Founded in 2013, the FinTech delivers a conversational AI solution to financial services to improve the customer experiences and interactions. Banks can leverage the chatbot solution to aid their consumer, business and investment banking clients.

The AI is powered by natural language processing, AI reasoning, conversational intent and interpretation to ensure the chatbot understands all conversations.  Its clients include J.P. Morgan, Mastercard, Standard Chartered, TD and DBS.

Kasisto CEO Zor Gorelov said, “Since we founded Kasisto, we’ve been laser focused on developing and delivering the industry’s most transformative conversational AI experience. Our digital experience platform, KAI, has been successfully deployed in production by leading financial institutions around the globe, and helps these organizations deliver truly humanizing digital experiences to their customers.”

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