Chennai, 07th May, 2015: Uniphore Software Systems, Chennai-based speech recognition solutions company, today announced it closed Series A round of funding, which saw investment by global business and technology thought leader, Kris Gopalakrishnan (Co-Founder, Infosys) along with existing investors.
The funding will fuel Uniphore’s global expansion and product & core technology development plans. Uniphore’s solutions extend the power of speech to revolutionise human-machine interaction and allow any software application to understand and respond to natural human speech. Uniphore’s solutions enable humans to use speech, the most natural of all communication modes, to engage and instruct machines.
Kris Gopalakrishnan, Infosys Co-Founder and investor in Uniphore said, “Continuing on my theme of backing inclusive innovations, I am optimistic of the success of Uniphore. Man-Machine communication is one of the more complex problems to solve. Uniphore’s vision lends possibility of finding a solution to this very difficult problem and the company has already made substantial progress.”
“Kris’ involvement gives us great confidence to transform our dream into reality. His experience in building mammoth and global businesses will help us move in the right direction. This investment is a powerful endorsement of Uniphore’s ability to provide unique and measurable value to our enterprise customers across industries through speech recognition technology. Additionally, these Series A funds help us attract the best of the talent the industry has to offer in this high-tech niche. I am sure all my colleagues realise that every day at work we are turning sci-fi into reality,” said Umesh Sachdev, Co-founder and CEO, Uniphore Software Systems.
Uniphore’s innovative and intuitive solutions include voice biometrics, virtual assistant and speech analytics that change the way enterprises engage their consumers, build loyalty and maintain healthy bottom-line. Uniphore has pioneered the development of integrated and smart speech-recognition applications and boast a roster of high profile, satisfied customers across many industries, including Banking, Insurance, BPOs, Agriculture, Lending/MFI, Heathcare and Government.
Prior to this Series A round, Uniphore had received investment from IDG Ventures India, India Angel Network, Ray Stata, Co-Founder and Chairman of the Board of Analog Devices, Inc. and YourNest Angel Fund and also seed investment from IIT Madras’ Rural Technology and Business Incubator (RTBI), Villgro Innovations Foundation, and the National Research Development Corporation. Launched in 2008, Uniphore is also one of the Deloitte Technology Fast 50 company in India for the year 2014 and has been profitable from the second year of its operation.
Uniphore Solutions, is headquartered in IIT Madras Research Park, Chennai. Uniphore was incubated in IIT Chennai, India in 2008 and currently has offices in India, Philippines and U.A.E with 80 employees spread across all locations. Uniphore’s investors include IDG Ventures India, India Angel Network, Yournest Fund, Stata Ventures. Uniphore has worked with over 70 enterprise customers and served over 4 million end users. Uniphore was recognized by Deloitte as a Technology Fast 500 company in Asia Pacific and Technology Fast 50 company in India in 2014 and was also ranked as the 17th fastest growing technology company in India by Deloitte Fast 50 in 2012. Uniphore’s founder & CEO, Umesh Sachdev, received the “Exemplary Application of IT Award for 2014″ at the CII CONNECT 2014 Awards and awarded the Best Incubatee in the ICT Category at ISBA Awards in 2011.