Uniphore Announces the Close of its Series B Round Led by John Chambers, With Participation from IDG Ventures and IIFL
Signal Hill India is pleased to announce that its client Uniphore Software Systems, a leading software product vendor in the speech analytics and virtual assistant verticals, has closed its Series B round of funding led by John Chambers, Executive Chairman of Cisco. The round also saw participation from its existing investors including IDG Ventures and IIFL.
Uniphore announced this round as part of Mr. Chambers’ India visit last week. Mr. Chambers, a celebrated information technology sector leader, and influencer, has made the investment in his personal capacity and has concurred to be “Chief Guru” for the company. This is Mr. Chambers’ first investment in a startup outside of the United States. Uniphore will utilize the funds to deepen core research driving product enhancement, upgrade its customer service infrastructure, expand its sales reach to newer geographies and recruit new talent to support its rapid growth.
“We are humbled by John’s concurrence to be Chief Guru at Uniphore. It is our good fortune to have an industry veteran like John invest in the future of Uniphore. While John’s monetary investment is certainly important to the company, it is his vast and varied experience building a globally leading technology company that adds incalculable value to Uniphore and I am certain that the company will gain immensely from his counsel and guidance,” said Umesh Sachdev, co-founder and CEO of Uniphore Software Systems.
Uniphore Software Systems is headquartered in IIT Madras Research Park, Chennai. Uniphore was incubated in IIT Chennai, India in 2008 and currently has offices in India, Singapore and U.A.E with about 100 employees spread across all locations. Uniphore’s investors include John Chambers, Kris Gopalakrishnan, IDG Ventures India, India Angel Network, YourNest Angel Fund and Ray Stata. Uniphore has worked with over 70 enterprise customers and served over 4 million end users. Uniphore was recognized by Deloitte as a Technology Fast 500 company in Asia Pacific in 2014 and was also ranked as the 10th fastest growing technology company in India by Deloitte Fast 50 in 2015. Uniphore’s Co-founder & CEO, Umesh Sachdev was recognized by the TIME Magazine list of 2016 amongst ’10 Millennials Changing The World’, and with India’s edition of MIT Technology Review’s ‘Innovators Under 35’ for the year 2016. http://www.uniphore.com
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