Nvidia, others invest $260 mn in Uniphore

The funds will boost innovation for its flagship business AI cloud platform

- Rwit Ghosh

Artificial intelligence for business platform Uniphore has raised $260 million in a Series F funding round from global tech majors including Nvidia, AMD, Snowflake and Databricks, taking its total funding to $870 million.

"Our Series F raise marks an exciting milestone for Uniphore. It is unlike most fundraises because, in addition to top-tier financial investors, we are joined by the world's top AI and data firms," said Umesh Sachdev, co-founder and chief executive, Uniphore in a statement.

Other investors include New Enterprise Associates, BNF Capital, March Capital, National Grid Partners and Prosperity7 Ventures. It will utilize the funds to accelerate innovation for its Business AI Cloud, Uniphore's flagship AI and data orchestration platform. In July, Mint was the first to report that Uniphore was in talks to raise $200-250 million, aimed at funding expansion and scaling its AI bets.