Michigan based conversational AI platform serving financial enterprises raised a $52m Series B led by Insight Partners.
Investors were seemingly won over by Clinc’s growth, which is nothing to shake a stick at, to be sure. Last year, the firm saw a 300% uptick in revenue and expects to more than triple business this year. And Clinc claims its technologies are accessible to over 30 million users via customers such as USAA, Ford, İşbank, Barclays, and others in verticals such as automotive, health care, travel, hospitality, banking, customer service, insurance, and food service. “We’ve had phenomenal growth and built unbelievable momentum in a very short period of time,” said CEO Jason Mars, who’s also an assistant professor of computer science at the University of Michigan. He adds that the capital infusion will enable Clinc to expand its workforce to 140 people by next year and open a new 26,000 square foot office in Ann Arbor.