Inbenta Raises $12M in Series B


 

What does Inbenta do?

Inbenta, is the company behind enterprise grade AI solutions. This company is increasing e-commerce conversion and online support self service via natural language processing using artificial intelligence for the enterprise. The company is offering intuitive search and chatbot solutions for companies small and large. It is focused on corporate and website intranets. This company is a pioneer in new class of semantic search technology whose aim is to dramatically improve the experience of online customer, based on the natural languages processing technologies latest developments. The company’s core solution for business in intelligent content delivery and knowledge management, so that customer experience is easy and fast. The company has developed products which are integrated with natural language search for providing customers and their agents the ease of handling call volume which presents accurate search FAQs on real language instead of keywords.

How much Inbenta was funded?

Inbenta raised $12M in Series B on September 14, 2016 from Scale Capital,  Level Equity and Amasia.

Previous funding

$2M in Series A on February 1, 2014 from Level Equity and Amasia

Undisclosed amount in Series A on April 2, 2014

$2M in Series A on April 17, 2014 from InverSur Capital and InverSur Capital

 

What is next for Inbenta?

The company plans on using the latest funding raised for bringing its technology to a much wider group of demanding customers who require enterprise grade solutions, and for further driving the innovation which underpins its technology. As a part of the funding, the latest round’s investor Level Equity’s partner and founder George McCulloch and the other investor Amasia’s chairman Ramanan Raghavendran will join the company’s board of directors.

More about Inbenta

The company was founded in 2005 by Jordi Torras. It has its headquarters in San Mateo, California, with offices in France, Spain, Chile and Brazil.