Nvidia Joins $150 Million Funding for AI Chatbot Maker Kore.ai
- Investors including FTV Capital bet brands will adopt chatbots
- The Florida startup is preparing for an IPO in about two years
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Nvidia Corp. has joined a $150 million capital infusion for chatbot-builder Kore.ai, making its latest investment in an AI sphere that’s become reliant on its high-end chips.
FTV Capital led the round for Kore.ai, which plans to use the financing to develop more virtual assistants for global brands, the company said Tuesday. The Orlando-based startup counts enterprise customers including Coca-Cola Co., Airbus SE and Roche Holding AG, it said. LG Electronics Inc. runs its chatbot to support online shoppers for its products.