Conversica, an AI marketing and sales software provider, secured $31 million in Series C funding, bringing the company’s total amount raised to $87 million. Providence Strategic Growth Capital Partners L.L.C. led the round with additional participation from Toba Capital, Kennet Partners, CIBC Innovation Banking and Savano Capital Partners.
The company said the investments will be used to fuel product development, as well as global sales and marketing expansion.
“Our market traction and performance are why our current investors have doubled down on Conversica with this Series C funding round,” said Alex Terry, CEO of Conversica, in a statement. “I believe even more strongly today in the power of AI to deliver an improved customer experience and to free humans from the routine work that limits us reaching our full potential. I’m thrilled that our investors share this same vision and have reaffirmed their commitment to the company’s success.”
“Conversica has transformed its cutting-edge technology into a solution that delivers real value for customers in terms of increased revenue and satisfaction,” said Gopi Vaddi, Managing Director of Providence Strategic Growth, in a statement. “Conversica is poised for explosive growth, and [we] led this funding round because the company is defining success in the dynamic, high-growth AI market.”