Chennai-based Uniphore Software raises Series A fund from Kris Gopalakrishnan

Chennai-based speech recognition Solutions Company Uniphore Software Systems has announced that it closed Series A round of funding, which saw investment by Kris Gopalakrishnan (Co-Founder, Infosys) along with existing investors.

The funding will fuel Uniphore’s global expansion and product and core technology development plans. Kris Gopalakrishnan, Infosys Co-Founder and investor in Uniphore, said, “Continuing on my theme of backing inclusive innovations, I am optimistic of the success of Uniphore. Man-Machine communication is one of the more complex problems to solve. Uniphore’s vision lends possibility of finding a solution to this very difficult problem and the company has already made substantial progress.”

“Kris’ involvement gives us great confidence to transform our dream into reality. His experience in building mammoth and global businesses will help us move in the right direction. This investment is a powerful endorsement of Uniphore’s ability to provide unique and measurable value to our enterprise customers across industries through speech recognition technology. Additionally, these Series A funds help us attract the best of the talent the industry has to offer in this high-tech niche. I am sure all my colleagues realize that every day at work we are turning sci-fi into reality,” said, Umesh Sachdev, Co-founder and CEO, Uniphore Software Systems.

Uniphore has pioneered the development of integrated and smart speech-recognition applications and boast a roster of high profile, satisfied customers across many industries, including Banking, Insurance, BPOs, Agriculture, Lending/MFI, Heathcare and Government.

Prior to this Series A round, Uniphore had received investment from IDG Ventures India, India Angel Network, Ray Stata, Co-Founder and Chairman of the Board of Analog Devices, Inc. and YourNest Angel Fund and also seed investment from IIT Madras’ Rural Technology and Business Incubator (RTBI), Villgro Innovations Foundation, and the National Research Development Corporation. Launched in 2008, Uniphore is also one of the Deloitte Technology Fast 50 company in India for the year 2014 and has been profitable from the second year of its operation.