Posh AI, a pioneering firm in the development of generative and conversational AI for financial services, has successfully raised over $45m in its latest investment round.
The funding was led by Curql, with significant contributions from Canapi Ventures and TruStage Ventures. This investment underscores the strong investor confidence in Posh AI’s specialized AI solutions tailored for the banking sector.
The company focuses on creating AI tools that enhance operational efficiency and service quality for credit unions and banks. These solutions are designed to support financial institutions in managing customer interactions more effectively and ensuring a seamless service experience.
The funds from this investment will be utilized to accelerate the development and deployment of responsible AI technologies. Posh AI aims to broaden its impact in the financial sector by enhancing its existing AI solutions and innovating new products that meet the evolving needs of its clients.
In a strategic move to strengthen its leadership, Posh AI has also welcomed Dave Tucker to its Board of Directors. Tucker, with a notable history of scaling technology companies, brings a wealth of experience that will be crucial as Posh AI continues to expand its reach and capabilities in the financial technology landscape.
Posh AI CEO Karan Kashyap expressed his enthusiasm about the new developments, stating, “This new funding and welcoming Dave Tucker to our board are significant milestones for Posh. Dave’s extensive experience and insights will be invaluable as we continue to deliver cutting-edge AI solutions for financial institutions.”
Previously, Posh AI has demonstrated substantial growth, attracting over 100 clients and deploying more than 200 live products. These include Posh Assistants, which manage customer-facing channels for Voice and Digital Banking, and the Knowledge Assistant, designed to provide immediate support for internal teams.
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