Singapore-Based Active.Ai Announces Series A

Singapore-based Active.Ai announced that it has raised $8.25M in a Series A round co-led by Vertex Ventures, Creditease and Dream Incubator, bringing its total funding to date to $11.75M . Existing investors Kalaari Capital and IDG Ventures India also participated in the round.

Active.ai was established in 2016 by Ravi Shankar, Shankar Narayanan and Parikshit Paspulati to offer an enterprise AI platform to financial and insurance companies. “We believe customers will be engaging in unstructured micro-conversations with their banks. Active.ai will be helping banks and other financial institutions to intuitively and intelligently engage with the customer on mobile, chat, or voice enabled IOT devices using AI.”