37.5 C
Budapest
June 28, 2022
2020 – 2022 © MO.CO.HU Magyarország Hírek, Hungary News
Image default
AI Featured funding HÍREK Investment News london OpenDialog SaaS seed VILÁG ANGOL

OpenDialog raises £4m for conversational AI platform

AI startup OpenDialog, which is developing technology to improve machine to human interactions, has raised $5m (£4m) in its first seed round of funding.

The London-headquartered startup’s conversational AI platform lets users design, develop and deploy “human-to-machine conversations” with no knowledge of coding required.

OpenDialog will use the seed capital, which it secured in four weeks in an oversubscribed round, for product development and expansion plans.

“OpenDialog will finally enable businesses and consumers to realise the game-changing potential of conversational AI – moving beyond the often painful experiences delivered by current chatbots and AI assistants,” said Terry Walby, co-founder, OpenDialog.

OpenDialog was co-founded in 2019 by Terry Walby, Dean Chapman and Dr Ronald Ashri.

Walby was the founder and CEO of Thoughtonomy, which was acquired by Blue Prism for $100m (£80m) in 2019. Additionally, Chapman worked with Walby at Thoughtonomy as the chief commercial officer.

“For the last 40 years, the way people interact with machines has remained the same – a keyboard, a mouse and a screen. We have to understand how to use the machines in a way that fits into their very narrow and limited capabilities for interaction. But we’re turning this on its head, putting the onus on technology to understand humans,” said Dr Ronald Ashri, co-founder, OpenDialog AI.

OpenDialog’s technology has recently been used by a legal firm in a class-action lawsuit to sort the eligibility of applicants and a pharmaceutical company for people to report drug adverse effects.

Customers of the OpenDialog include BDO, Peppercorn Insurance and The Cyber Helpline.

The post OpenDialog raises £4m for conversational AI platform appeared first on UKTN | UK Tech News.

Related posts

Manchester VC Praetura Ventures leads £3.5M raise in digital charity platform to fuel international expansion

MO.CO.HU

Canva acquires UK data visualisation platform Flourish

MO.CO.HU

London investment fintech Plum triples valuation in £18m raise

MO.CO.HU

DMCA.com Protection Status