Artificial Intelligence Based Chatbot Platform Kata.ai Raises $3.5 Funding

Indonesian artificial intelligence based chatbot platform Kata.ai has reportedly secured $3.5 Mn in a Series A funding round led by the Taiwanese Trans-Pacific Technology Fund (TPTF). The investors that participated in the round are Korea-based Access Ventures, MDI Ventures, VPG Asia, and Convergence Ventures, the VC arm of Indonesian state-run telecommunications provider Telkom. The Series A funding round also saw participation from Red Sails Investment and angel investor Eddy Chan. As per reports, TPTF principal Barry Lee will be joined Kata.ai as a board member. With the newly-raised capital, the company is looking to expand operations to emerging markets in Taiwan and other Southeast Asian countries.