Theatro, a US-based voice-controlled software provider backed by networking technology producer Cisco and electronic device manufacturer Honeywell, has received $20m in series C funding from growth equity firm Sageview Capital.
Founded in 2011, Theatro has built an enterprise software platform that enables a customer’s employees to access other staff in an organisation as well as internal systems, through the use of an intelligent voice-controlled assistant.
Sageview’s investment will be used to expand Theatro’s presence in industries that rely on hourly workers, such as hospitality, retail and manufacturing. Dean Nelson, a partner at Sageview Capital, is joining the company’s board of directors.
The company announced in August 2019 that it had raised money from corporate venturing vehicles Cisco Investments and Honeywell Ventures, and said this week it was secured as part of a $15m series B-1 round.
Venture capital firm Khosla Ventures had provided Theatro with $5m in series A financing in 2014 to take its total funding to $8.8m but it has not revealed details of financing in the interim period. Its existing investors also include Commerce Ventures, Aristos Ventures and RevTech Ventures.
