AI firm Avaamo gets Rs 95 crore in Series-A funding - ETtech

Artificial intelligence startup Avaamo has raised $14.2 million (about Rs 95 crore) in a series-A round of funding led by Intel Capital. Ericsson Ventures, Mahindra Partners, Wipro Ventures and WI Harper also participated in the round. The Los Altos, California and Bengaluru-based company, which specialises in conversational interfaces to solve specific enterprise problems, plans to use the funding to expand its sales and marketing. With this fundraising, the company has, so far, raised $23.5 million. "We felt we should get our ecosystem to work with us," said Avaamo CEO Ram Menon.