Rasa secures $30M for conversational genAI development

Rasa is revolutionizing customer interactions with AI-powered bots that rival human conversation, redefining what's possible in the realm of conversational AI.

• CALM Technology: Offering Conversational AI with Language Models (CALM) and an intuitive low-code interface, Rasa empowers enterprises to build conversational agents that understand the nuance of human language.

• Impressive Clientele: Rasa's technology captivates major players in finance and telecom, including American Express and Deutsche Telekom.

• Origins and Evolution: Starting in 2016 as an open-source platform for conversational AI, Rasa has been embraced by developers worldwide, with over 50 million downloads.

• Leadership and Vision: CEO Melissa Gordon, an Oracle alum, together with co-founder Alan Nichol, are at the helm, driving Rasa's mission to challenge the conventional in AI chatbot development.

• Funding and Investors: A recent $30M Series C funding round, led jointly by StepStone Group and PayPal Ventures, promises to fuel further growth. Other investors like Andreessen Horowitz, Accel, and Basis Set Ventures reaffirm their confidence in Rasa’s potential.

From banking transactions to tech support, like resetting routers for Deutsche Telekom, Rasa's bots are versatile and provide tangible, customer-centric solutions.