Led · Series C · Jul 2021

Kasisto builds KAI, a conversational and generative AI platform for the financial services industry. The platform includes virtual assistants and KAI Answers, which gives employees immediate access to accurate information drawn from an institution’s knowledge base. KAI Answers enables virtual assistants to leverage generative AI to produce precise responses from internal and public-facing documents, streamlining customer service and reducing time to locate critical data. Kasisto’s customers include global banks such as J.P. Morgan, Westpac, Standard Chartered, TD, and Nedbank, as well as U.S. community banks and credit unions. The company says the platform is engaging millions of consumers worldwide across multiple channels and languages and is optimized for performance, scalability, security, and compliance. Kasisto recently closed a Series D that brings total funding to $90 million and appointed Don Layden as Executive Chairman; it plans to use the capital and strengthened leadership to accelerate innovation, expand market presence, and further integrate conversational and generative AI to help frontline bankers and operational staff. Kasisto offers KAI, a digital experience platform integrated into the fintech ecosystem through partnerships with providers such as FIS, NCR and Q2. The company serves customers including J.P. Morgan, Westpac, Standard Chartered, TD, Manulife Bank and credit unions like Fairwinds and Excite. Kasisto plans to use new funding to continue investing in product development, strategic go-to-market initiatives, and to expand partnerships with top financial services providers. The company is led by co-founder and CEO Zor Gorelov. Kasisto is NYC-based and also has offices in Silicon Valley and Singapore. Recent financing activity indicates ongoing external investor support for its platform and partnerships. Kasisto develops KAI, a conversational AI-powered digital experience platform for financial services firms. Led by CEO Zor Gorelov, the platform is built to engage millions of consumers worldwide across multiple channels and languages and is optimized for performance, scalability, security, and compliance. Customers named in the article include J.P. Morgan, Westpac, Standard Chartered, TD, Manulife Bank and credit unions such as Fairwinds and Excite. The company closed a $15.5M Series C round, bringing total funding to date to $67M. In conjunction with the round, Mike Abbaei, Co-Founder & Managing Partner at Naples Technology Ventures, will join Kasisto’s board. Kasisto intends to use the funds to accelerate growth with investments in sales, business development, marketing, strategy and customer success. The company is based in New York City and also has offices in Silicon Valley and Singapore. Kasisto provides a digital experience platform for the financial services industry, engaging with millions of consumers around the world across multiple channels and languages. The platform is optimized for performance, scalability, security, and compliance. The company plans to use proceeds from the recent investment to expand its global field organization and accelerate its go-to-market strategy. Kasisto received a $7M investment from Napier Park Financial Partners as part of a Series B extension that brought the round's total to $22M. Founded in 2013 and led by CEO Zor Gorelov, Kasisto is NYC-based with offices in Silicon Valley and Singapore. Customers include DBS Bank, J.P. Morgan Chase, Mastercard, Standard Chartered, TD, and Manulife Bank. Kasisto develops KAI, an open conversational AI platform trained in the language of banking and finance to power human-like virtual assistants for financial institutions. KAI includes enterprise tools to customize, measure, train, and improve virtual assistants and meets the needs of demanding financial services organizations. The company reports global production deployments of its intelligent virtual assistants in more banks than any other company. Customers include J.P. Morgan, Mastercard, Standard Chartered, TD, and DBS. Founded in 2013 and led by CEO Zor Gorelov, Kasisto is based in New York City and also has offices in Silicon Valley and Singapore. The company intends to use new funding to expand adoption of its services across all segments of the financial services industry.

Participated · Series C · Jun 2011

ViVOtech builds NFC payment software, contactless readers/writers, smart posters, and transaction-management infrastructure that enable short-range mobile payments. Its readers are deployed at major retailers including McDonald’s, Home Depot and Whole Foods and in taxi cabs. The company has shipped nearly one million NFC payment readers to 328 U.S. customers and 181 international customers and says it has shipped over half of the NFC payment terminals installed by merchants globally. Its technology is licensed by other companies and was used in Google Wallet’s NFC rollout; ViVOtech also teamed with the carrier joint venture Isis. The company reported sales in the “double-digit millions” as of last year. While ViVOtech says it stands to benefit from NFC growth, the broader consumer adoption of NFC payments remains uncertain. ViVOtech develops NFC payment software and systems, including payment software, NFC smart posters, contactless readers/writers, over‑the‑air card provisioning and transaction management infrastructure. The company has installed more than 800,000 NFC systems in 35 countries and its readers are deployed at retailers including McDonald's, Home Depot and Whole Foods as well as in taxi cabs. Its technology is frequently licensed by other companies and merchants to enable mobile payments, and Google used ViVOtech's technology for Google Wallet. For merchants that want to accept Google Wallet payments, ViVOtech provides NFC point‑of‑sale readers and has worked with Google, merchants and POS software vendors to integrate NFC readers with existing POS software. Bloomberg BusinessWeek reported the company has 80% of the U.S. market for NFC readers and sales in "double‑digit millions." ViVOtech says the new funds will be used for further international expansion in Asia and other markets, and the company has reportedly been looking at an IPO in 2012. VivoTech builds infrastructure for wireless credit-card transactions, enabling payments via radio-frequency credit and debit cards and some mobile phones. The company has sold 470,000 payment terminals across 35 countries. It is developing systems to enable the same wireless payments in taxis, vending machines and ATMs. VivoTech is based in Santa Clara, Calif. Financially, the company added $8.6 million to a third round of funding that is now $40 million and has been open since 2007. Previously the company had raised $52 million; its backers include Alloy Ventures, Draper Fisher Jurvetson, DFJ Gotham, First Data, Miven Ventures, NCR, Nokia Growth Partners, Motorola Ventures and Citigroup.