Kasisto, a US-based developer of conversational artificial intelligence technology for the financial services sector, has added $15m to a series B round featuring payment services firm Mastercard that now stands at $32m.
Venture capital firm Rho Capital Partners led the extension, which included Propel Venture Partners, the VC firm founded by financial services firm BBVA, in addition to Oak HC/FT, Two Sigma Ventures, Commerce Ventures and Partnership Fund for New York City.
The December 2017 first tranche was led by Oak HC/FT and backed by Mastercard, Propel Venture Partners, Two Sigma Ventures, Commerce Ventures and Partnership Fund for New York City.
Founded in 2013, Kasisto has created a software platform dubbed Kai that is used by banks to communicate with customers through websites, mobile apps and messaging platforms. It has now raised $43.5m in total.
Kasisto secured $9.2m in an early 2017 series A round led by Propel Venture Partners and backed by Mastercard, financial services firm DBS Bank, Commerce Ventures and existing investors Two Sigma Ventures, Partnership Fund for New York City, New York Angels and Harvard Business School Alumni Angels of New York.
