GERMANY – Rasa Technologies, Inc., a San Francisco, CA- and Berlin, Germany-based open source conversational AI company, raised $26m in Series B funding.
The round, which brings total funding to $40m, including a Series A completed in 2019, was led by Andreessen Horowitz with participation from the firm’s Cultural Leadership Fund, and existing investors Accel, 468 Capital, Basis Set Ventures, and Mango Capital. Martin Casado, General Partner at Andreessen Horowitz, will join Rasa’s Board of Directors. The company intends to use the funds to invest in continuing growth in their open source and other products, AI research, developer & community education. Led by Alex Weidauer, CEO & co-founder, Rasa leverages Natural Language Processing (NLP) research, machine learning, and flexible infrastructure to enable developers to create text- and voice-based assistants. The company’s platform is used by developers working in organizations of every size, including within six of the top ten banks in the world, five of the largest ten global telecommunications firms, and five of the 10 largest insurance companies. It works with product teams at some of the world’s leading companies, such as Deutsche Telekom, Adobe, BMW, Airbus, ENGIE, HCA Healthcare, and Orange. Rasa has also hired Adam Lopez, a researcher from the University of Edinburgh, with two decades of experience solving hard problems in NLP. He will join the company’s research efforts starting July 1, and will lead a new tech hub in Edinburgh focused on research and product development. 23/06/2020
