Inbenta Raises 12m in Series B Funding

Inbenta, a San Mateo, CA-based enterprise-grade artificial intelligence solutions, raised 12m in Series B funding. The round was led by Level Equity, with participation from Amasia and Scale Capital through its Amérigo Chile fund. In conjunction with the funding, founder and partner George McCulloch and Amasia chairman Ramanan Raghavendran joined Inbenta's board of directors. The company intends to use the funds to expand sales and marketing, and to further drive product development for its technology. Founded in 2005 by Jordi Torras, CEO, Inbenta has developed natural language processing (NLP) technology that powers search, chatbots, and self-service solutions for customer support and e-commerce.