Funds for Employee Language Specialist Espressive

In the US, AI-driven employee language understanding specialist Espressive has raised $30m in a Series B round of funding, which it will use to expand its natural language processing engine and its Barista 'employee language cloud' (ELC).

The ELC provides a personalized response to commonly asked questions, with the ability to understand 750 million phrases and growing. As employees ask questions, Barista learns new phrases, phrase structures, synonyms and topics, enabling the ELC to expand automatically. Organizations using Barista can build a conversational AI agent, optimized to understand the language of employees without the need for AI expertise.

New funding has been led by global venture capital and private equity firm Insight Partners, with participation from existing investors General Catalyst, and Wing Venture Capital. The two latter companies contributed to Espressive's $23m Series A round in July 2018.

Espressive CEO and founder Pat Calhoun (pictured) comments: 'We will use this funding to further scale our engineering, sales, and marketing teams as well as continue to cultivate our partner program. Looking ahead, we're uniquely positioned to continue our rapid growth, while maintaining our relentless focus on building a highly scalable conversational AI agent that understands the language of employees'.

Web site: www.espressive.com .

All articles 2006-23 written and edited by Mel Crowther and/or Nick Thomas, 2024- by Nick Thomas, unless otherwise stated.