CIBC Innovation Banking provides credit facility to Conversica
Conversica Inc, a Foster City, California-based provider of conversational artificial intelligence (AI) for business, has raised US$31 million in a Series C financing. The round's investors included Providence Equity Partners, Toba Capital, Kennet Partners and Savano Capital Partners. CIBC Innovation Banking, the technology lending arm of CIBC, provided a credit facility. Founded in 2007, Conversica uses conversational AI technology to enable intelligent assistants that automate business conversations. In September, PE Hub Canada reported on CIBC Innovation Banking's North American scaling strategy.
5 November 2018•2 mins read
