Updated: Oct 20, 2021
ORAI, as a leading Enterprise Conversational AI Platform, has raised INR 3.6 Crore in a Pre-Series A round of funding led by a renowned angel investment network ‘Inflection Point Ventures’ (IPV).
The raised fund will be utilized for international expansion and collaborations, marketing and sales along with product development and enhancements.
Founders Swapnil Jain and Sujit Das Biswas had a vision of building a single platform combined with voice, AR/VR, and humanoids for enterprises and SMBs. They brought this vision into reality with the name ORAI in 2020. The full-fledged enterprise solution is now being used by companies across the globe to increase qualified leads and accelerate business revenue, along with higher customer support efficiency and reduction in the incoming calls/emails overhead by up to 90%.
“ORAI’s tech platform is robust and covers top public platforms like WhatsApp, Facebook Messenger, and Google helping their customers build 1:1 relationships with their end-users. Not only this, they enable businesses to improve their response time to real-time, generate leads faster, and save on marketing costs. The experience of the founders in AI and NLP and their vision to grow ORAI beyond India attracted us to invest in the company,” said Vinay Bansal, Founder, and CEO, Inflection Point Ventures.
ORAI’s predictive intelligence dashboard provides a score for every lead coming in, showcasing the probability of conversion. The platform integrates seamlessly across 20+ digital channels and enterprise technology systems such as CRMs and ERPs.
“We aim to equip both large enterprise and SMBs with our advance enterprise Conversational AI platform and help them in creating a phenomenal customer engagement and enhanced experience,” Co-founder and CEO, Swapnil Jain shared his vision for ORAI.
The company is expanding across the US, Europe, the Middle East, and Asia Pacific, coming closer to the goal of becoming the world leader in the conversational AI space - a market that is expected to grow from $4.8 billion in 2020 to $13.9 billion by 2025, at a compound annual growth rate (CAGR) of 21.9% during the forecast period.
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