Investments news

Alabot an Artificial Intelligence (AI)/ Natural Language Processing (NLP) company based in the UK and India, now has been funded by a Malaysia Based Innovation Fund and also secured a contract with one of the large telcos. The application telcos want is an NLP AI guided chat bot for their ringtones and wallpaper properties.

Read more about: Alabot gets funded

VirtuOz, the provider of intelligent, multilingual virtual support and sales agent solutions, today announced the completion of its Series B round of investment. MDV-Mohr Davidow Ventures led the $11.4 million financing. Galileo Partners, which has funded the company since the beginning of its operations, participated in this round, as did Eric Hahn with Inventures Group. The new funds will be used to scale operations and advance product development.

VirtuOz solutions transform the customer support and sales experience online by providing intelligent virtual agents that interact with customers via chat and instant messaging. The agents enable ubiquitous, personal and natural interactions between humans and Internet-based services on a 24/7 basis. The combination of artificial intelligence and natural language processing technologies make the agents capable of understanding a complete range of user requests and comments. The agents welcome, guide, assist, and inform customers and are able to reach specific sales objectives by proposing a personalized and direct link when appropriate.

Read more about: VirtuOz Raises $11.4M from MDV in Series B Funding