SUMMARY
- Conversational AI startup CoRover.ai has secured $4 million in its Series A round, led by Venture Catalysts.
- Other participants in this round include CanBank Venture Capital Fund, IIM Calcutta, IIIT Delhi, Cogniphy LLC, Karekeba Ventures, Lead Angels, and others.
- This investment will be utilized for the further development of its technology, the expansion of its team of AI experts, and the enhancement of its go-to-market strategy.
Conversational AI startup CoRover.ai has secured $4 million in its Series A round, led by Venture Catalysts. Other participants in this round include CanBank Venture Capital Fund (CVCFL), IIM Calcutta (Innovation Park), IIIT Delhi (iHub Anubhuti IIITD Foundation), Cogniphy LLC, Karekeba Ventures, Lead Angels, and others.
In July 2021, CoRover.ai announced an undisclosed sum from Canbank Venture Capital Fund Ltd (CVCFL) as part of its fund VI. This investment will be utilized for the further development of its technology, the expansion of its team of AI experts, and the enhancement of its go-to-market strategy. Moreover, CoRover.ai intends to improve its enterprise (B2G and B2B) offerings, B2B2C services, and explore new avenues for revenue generation through subscription-based models, ad-based revenue, and transaction-based fees.
Established by Ankush Sabharwal, Kunal Bhakhri, and Manav Gandotra, CoRover.ai provides Managed Chatbot as a Service (CaaS) with self-onboarding support, along with an AI-based VideoBot platform designed to assist organizations in reducing costs, accelerating revenue, and enhancing customer experience and operational efficiency.
CoRover’s AI bot services are available across various channels, including websites, apps, WhatsApp, IVR, SMS, Microsoft Teams, and other social media and instant messaging platforms. Its services are offered in multiple formats, including text, voice, and video, and support over 12 Indian/vernacular languages and more than 100 foreign languages.
Among its notable innovations are BharatGPT (LLM), CoroAssist (a secure Gen AI-based copilot for enterprises), eSevak (Conversational Citizen Grievances Management), AskDISHA (for Indian Railways & IRCTC), AskPAi (for NPCI), AskMitra (for LIC), Chetna (for DMRC), and SEVA (for SEBI).
