Conversica Announces the Completion of a $25 Million Financing With Morgan Stanley Expansion Capital to Further Its Growth

Conversica Announces the Completion of a $25 Million Financing With Morgan Stanley Expansion Capital to Further Its Growth

The principal balance will support strategic initiatives to expand Conversica’s portfolio and customer base of mid-market and enterprise organizations

Conversica, Inc., a leading provider of Conversational AI solutions for enterprise revenue teams, announces the successful completion of a $25 million financing with investment funds managed by Morgan Stanley Expansion Capital. Conversica will use the capital to support strategic business initiatives as it prepares for exponential growth.

“Today, AI is more than a technology. It’s an essential strategy for intelligent automation that we believe will transform customer lifecycles and drive unbridled revenue growth,” said Jim Kaskade, CEO of Conversica. “Our partnership with Morgan Stanley Expansion Capital and this growth financing positions us to go public in the future. We’re now very focused on larger enterprises, who view AI as a critical part of their ability to deliver exceptional digital experiences to their end-customers, at scale. It’s going to spark an inflection point for our company and we couldn’t be more proud to have the financial backing of one of the largest growth-focused banks on the planet.”

Read More: MobiDev Listed 7 IoT Trends For Business In 2022

Conversica provides Conversational AI solutions, uniquely focused on revenue growth versus cost savings. Conversica’s Conversational AI helps enterprise marketing, sales and customer success teams attract, acquire and grow customers at scale across the entire customer revenue lifecycle. Conversica is expanding its company portfolio and customer base with a focus on mid-market organizations and large enterprises as they are the primary audiences seeking massive revenue growth from AI and automation. Conversational AI will deliver better conversational experiences, build meaningful customer relationships and bolster revenue at scale.

“In our increasingly digital world, exceptional customer experiences will be the competitive battleground where organizations vie for market share. AI solutions are key for companies seeking advanced automation as a means of differentiation. We believe that only digital automation leveraging AI will deliver greater personalization, timely response and consistent engagement across all digital touch points. We foresee significant increases in demand for the Conversational AI market. We are thrilled to support Conversica as a leader in this exciting space and are confident in the company’s upcoming developments and long-term outlook,” said Nick Nocito, Executive Director of Morgan Stanley Expansion Capital.

Read More:  SalesTechStar Interview With Michael Ramsey, VP Of Customer Workflow Products At ServiceNow

Write in to psen@itechseries.com to learn more about our exclusive editorial packages and programs.