Chennai-based speech recognition solutions company Uniphore Software Systems has closed series A round of funding from Infosys Co-founder Kris Gopalakrishnan along with existing investors IDG Ventures India, India Angel Network, Yournest Fund, and Stata Ventures. The company had previously raised $1 million in angel round and was incubated at IIT Madras, where it received a grant of $100,000 from National Research Development Corporation in 2008.
The latest funding will fuel Uniphore’s global expansion and product & core technology development plans. Launched in 2008, its solutions use speech as a medium for human-machine interaction and allow any software application to understand and respond to natural human speech.
Uniphore’s solutions include voice biometrics, virtual assistant and speech analytics. It has worked with over 70 enterprise customers, including Mashreq Bank in Dubai and EastWest Bank in Phillippines.
Gopalakrishnan recently made an investment in food and vegetable retailing startup, Freshworld with participation from IAN investor Nagaraja Prakasam. He also invested in JetSynthesys, a digital and technology business firm, and in a Kerala-based business incubator called StartUp Village where he is the chief mentor.
Kris Gopalakrishnan and S D Shibulal, along with the Infosys’s former board member Srinath Batni had also invested $1 million in Bengaluru-based e-commerce platform SellerworX Online Services and $2 million in Mysuru-based clean energy company Vigyanlabs.