Enterprise AI-chatbot platform maker Inbenta raises $40M - SiliconANGLE

Inbenta, a provider of a platform for conversational artificial intelligence tools such as chatbots, knowledge management and search, today announced that it has raised $40 million in new funding to continue building its product base and expand into new markets. The funding round was led by Tritium Partners and brings the total raised by the company to $60 million. Inbenta was founded in 2011 and provides a conversational AI platform that uses natural language processing, which allows it to understand human speech and context in order to answer questions rapidly and with a high degree of accuracy. The company's tools allow businesses to build tailor-made customer-facing solutions more easily that can be dropped into their existing communication channels, as well as knowledge base searches that can open up company information for customers. "Inbenta's conversational AI is a game changer for any business that has to handle customer inquiries, whether simple questions or more complicated tasks," said Chief Executive Melissa Solis.