Get All Access for $5/mo

Former Cisco Chairman-backed AI Speech Conversational Start-up Uniphore Raises $38 Mn, Reports Suggest Speech analytics start-up Uniphore has raised around $38 Mn as part of its Series C round of funding led by California-based venture capital firm March Capital Partners, according to reports

By Bhavya Kaushal

Opinions expressed by Entrepreneur contributors are their own.

You're reading Entrepreneur India, an international franchise of Entrepreneur Media.

Shutterstock

Artificial Intelligence is the flavor of the century and there is no denying that. If media reports are to be believed, speech analytics start-up Uniphore has raised around $38 Mn as part of its Series C round of funding led by California-based venture capital firm March Capital Partners.

The fund-raise also saw the participation of investors such as The CXO Fund, Patni Wealth Advisors, National Grid Partners, Intuitive.VC (Intuitive Growth Ventures), and Sistema Asia Fund among others along with existing investor Chiratae Ventures.

Umesh Sachdeva, CEO & Co-founder of Uniphore Software Solutions

A Strong Backing That Took the Start-up Miles Ahead

Uniphore hit headlines after it was picked by former Cisco Chairman John Chambers for mentorship. The company saw business growth getting accelerated with his entrance in the company. Chambers proved to be much more important person for the start-up other than being a mentor. He also picked up 10 per cent stake in the company in its Series B round of funding.

With the current round of funding, the tech start-up's valuation is said to be around $130 Mn. Uniphore was founded by Umesh Sachdeva and Ravi Saraogi in 2008.

Uniphore was also featured in Entrepreneur India's 35U35 class of 2017. Sachdeva was quoted as saying on start-up entrepreneurship, "At the end of the day, startups are smaller in size but they end up competing with larger competitors or larger problems. It requires courage, disruption, and technology innovation to disrupt markets. Founders should keep in mind the areas they choose and the kind of problem they are solving. It has to be a large, unsolved disruptive area."
Bhavya Kaushal

Former Features Writer

I am a work-in-progress writer and human being. An English graduate from Delhi University, writing is my passion and currently, I was Entrepreneur India's start-up reporter. I love covering start-ups and weaving their stories into unforgettable tales with the power of ink! 
Leadership

I've Spent 37 Years in Business — Here's How I Beat the Odds and Stayed Ahead

For over thirty years, I have led a successful media production and communication consulting company. Only 25% of new businesses survive for 15 years or more, so I have beat the odds. But having staying power is not a matter of luck.

Marketing

Your Most Powerful Marketing Weapon Is Hiding in the Finance Department — Here's Why

Transform your marketing leadership by turning finance from a barrier into a strategic ally. Learn how aligning with your finance team can drive unprecedented growth and innovation.

Growing a Business

How Connecting With the Right Audience Drives Long-Term Business Success

Here's how targeted lead generation can help you unlock higher conversions, stronger brand loyalty and scalable growth.

Leadership

Should I Stay or Should I Go? 8 Key Points to Navigate the Founder's Dilemma

Here are eight key signs that help founders determine whether to persevere or let go.

Starting a Business

They Bought an Ice Cream Truck Off eBay for $5,000. Now Their Company Has 70 Shops and Sells Treats in Over 12,000 Stores.

For the episode of "The Founder CEO," the co-founder and CEO of Van Leeuwen Ice Cream explains how one ice cream truck grew into a successful nationwide brand.