A group of high profile investors, including a number of family-backed investment groups, have come together to back a cutting edge technology group bringing the latest AI to call centres.
New York City-based ASAPP has received a sizable investment of $185 million in a Series B funding round from a group of ten investors. These include hedge fund billionaire Jim Simons’ family office Euclidean Capital. The family office of John Chambers, the former CEO of Cisco, JC2 Ventures has also backed the deal. John Doerr, the chairman of Kleiner Perkins, has also backed the round. Doerr most likely funnelled the investment through his family office, Radical Investments.
HOF Capital, a New York City-based venture group, set up by a scion of the Egyptian billionaire Sawiris family, also backed the round. So to did Dave Strohm, a partner at Greylock Partners, and Joe Tucci, chairman of Bridge Growth Partners.
ASAPP is developing AI which helps with customer interaction with call centres. Its technology is being used by an increasing number of companies with call centres. This latest round brings ASAPP’s funding to just under $200 million since it was founded in 2014.
Subscribe
You will need a Premium Plus Subscription to access this database.
Exclusive news, analysis and research on global family enterprise and private investment offices.
Access to the most comprehensive fully interactive database on global family offices, principal investment offices, and family enterprises.
Check Deal Data, Senior Staff, and New Analysis on more than 500 family/principal investment and holding groups
Already have an account? Login
Subscribe
You need at least a Premium Subscription to read this article.
The most comprehensive information service on the global family enterprise world, featuring exclusive news, analysis, research and data on global family enterprises, family offices, and private investment offices.
Premium
£299
per year
- Exclusive reports, analysis and commentary
- Exclusive access to family/private investment office deal information
- Exclusive interviews with principals and senior management of family/investment offices
Premium+
£399
per year
- Access to All of Premium
- Access to all of FamilyCapital Analytics, our interactive database with more than 500 detailed profiles of family investment groups
Already have an account? Login
You've reached the end.
Continue reading free articles by registering as a Member.
Or choose a Premium Plan.
Premium
£299
per year
- Exclusive reports, analysis and commentary
- Exclusive access to family/private investment office deal information
- Exclusive interviews with principals and senior management of family/investment offices
Premium+
£399
per year
- Access to All of Premium
- Access to all of FamilyCapital Analytics, our interactive database with more than 500 detailed profiles of family investment groups
Already have an account? Login
