Parloa, a conversational AI platform, has secured $66 million in a Series B round of funding, a significant jump from its previous $21 million raise a year ago. With a focus on the U.S. market and a New York office, Parloa has attracted several Fortune 200 companies as clients. Led by Altimeter Capital, this funding round positions Parloa as a key player in the AI and automation space.
Utilizing advanced technologies like large language models (LLMs) and generative AI infrastructure, Parloa is at the forefront of intelligent conversational AI. With a strong emphasis on ‘voice first,’ the company’s AI-based voice conversations are touted to be more human-like than other solutions.
Founded in 2018, Parloa has already established a strong customer base including Swiss Life and Decathlon. Co-founder and CEO Malte Kosub emphasizes the importance of voice interactions in enhancing customer experience.
Parloa platform Image Credits: Parloa
Co-founder and CTO Stefan Ostwald explains the AI-driven approach of Parloa, highlighting the use of proprietary and open source models for speech-to-text applications. With a successful entry into the U.S. market and a steady revenue growth, Parloa’s recent funding round further solidifies its position in the industry.
Backed by a strong investor lineup including Altimeter, EQT Ventures, Newion, Senovo, Mosaic Ventures, and La Familia Growth, Parloa’s total capital raised now stands at $98 million, following its previous Series A round led by EQT Ventures in 2023.
