UJET Soars With $76 Million Series D

<p><strong>SAN FRANCISCO<&sol;strong> &&num;8212&semi; UJET&comma; Inc&period;&comma; a leading provider of AI-powered cloud contact center solutions&comma; has closed its latest round of funding led by <a href&equals;"https&colon;&sol;&sol;cts&period;businesswire&period;com&sol;ct&sol;CT&quest;id&equals;smartlink&amp&semi;url&equals;https&percnt;3A&percnt;2F&percnt;2Fsapphireventures&period;com&percnt;2F&amp&semi;esheet&equals;54125957&amp&semi;newsitemid&equals;20240924073284&amp&semi;lan&equals;en-US&amp&semi;anchor&equals;Sapphire&plus;Ventures&amp&semi;index&equals;2&amp&semi;md5&equals;b6bba1bf0b652f51663d22c5a2542c0b" target&equals;"&lowbar;blank" rel&equals;"nofollow noopener" shape&equals;"rect">Sapphire Ventures<&sol;a>&comma; with participation from new investors KeyCorp and IonPacific&comma; and existing investors GV&comma; Kleiner Perkins&comma; Citi Ventures&comma; DCM&comma; and Ericsson Ventures&period; UJET’s latest funding round brings the total in Series D funding to &dollar;76 million&comma; and will accelerate UJET&&num;8217&semi;s development of generative AI technologies&comma; enabling businesses to significantly enhance customer experiences &lpar;CX&rpar;&period;<&sol;p>&NewLine;<p>&&num;8220&semi;Generative AI has moved beyond an experiment or a chatbot replacement exercise to become the catalyst for leapfrog improvements in CX&comma;&&num;8221&semi; said Anand Janefalkar&comma; Founding CEO of UJET&period; &&num;8220&semi;Human-sounding conversations alone are no longer sufficient&comma; as people now regularly communicate via chat or voice conversations overlaid with rich media&period; With generative AI&comma; we can transform these conversations into high bandwidth visual and contextual interactions – the same way we all interact with friends and family – while offering fluid transitions between virtual and human agents&comma; depending on complexity&comma; urgency and empathetic themes&period;”<&sol;p>&NewLine;<p>&OpenCurlyDoubleQuote;Despite incredible innovation taking place all around us&comma; particularly driven by GenAI in most recent times&comma; the customer experience is still broken across most organizations that often rely on call centers to provide support&comma;” said Jai Das&comma; President&comma; Partner and co-Founder at Sapphire Ventures as well as UJET Board Member&period; &OpenCurlyDoubleQuote;UJET is helping solve this challenge with its multimodal omnichannel platform that delivers personalized customer journeys by leveraging AI to supercharge agent efficiency&period; We saw the power of UJET’s vision early on and are excited to once again back the company in its latest fundraise&comma; supporting the company’s next chapter of growth&period;”<&sol;p>&NewLine;<p><b>AI-Powered CX Orchestration for Modern Consumers and Brands<&sol;b><&sol;p>&NewLine;<p>The new funding will accelerate UJET’s end-to-end vision of AI-powered CX orchestration&comma; incorporating real-time Generative AI with Contact Center as a Service &lpar;CCaaS&rpar;&comma; Workforce Management &lpar;WFM&rpar;&comma; and analytics for more efficient&comma; hyper-personalized customer experiences at enterprise scale&period;<&sol;p>&NewLine;<p>The funding will also fuel UJET&&num;8217&semi;s go-to-market expansion and further development of its world-class team&period; As part of this strategic growth&comma; <a href&equals;"https&colon;&sol;&sol;cts&period;businesswire&period;com&sol;ct&sol;CT&quest;id&equals;smartlink&amp&semi;url&equals;https&percnt;3A&percnt;2F&percnt;2Fwww&period;linkedin&period;com&percnt;2Fin&percnt;2Fvasilitriant&percnt;2F&amp&semi;esheet&equals;54125957&amp&semi;newsitemid&equals;20240924073284&amp&semi;lan&equals;en-US&amp&semi;anchor&equals;Vasili&plus;Triant&amp&semi;index&equals;3&amp&semi;md5&equals;21024956b933bd98ec5891e70529183f" target&equals;"&lowbar;blank" rel&equals;"nofollow noopener" shape&equals;"rect">Vasili Triant<&sol;a> has been promoted to Co-CEO&comma; with <a href&equals;"https&colon;&sol;&sol;cts&period;businesswire&period;com&sol;ct&sol;CT&quest;id&equals;smartlink&amp&semi;url&equals;https&percnt;3A&percnt;2F&percnt;2Fwww&period;linkedin&period;com&percnt;2Fin&percnt;2Fanandjanefalkar&percnt;2F&amp&semi;esheet&equals;54125957&amp&semi;newsitemid&equals;20240924073284&amp&semi;lan&equals;en-US&amp&semi;anchor&equals;Anand&plus;Janefalkar&amp&semi;index&equals;4&amp&semi;md5&equals;dbae8745fc69b7b4a5ad3abd6bb0041a" target&equals;"&lowbar;blank" rel&equals;"nofollow noopener" shape&equals;"rect">Anand Janefalkar<&sol;a>&comma; the founding CEO&comma; shifting focus towards scaling Product and Engineering for UJET&&num;8217&semi;s next phase of growth&period;<&sol;p>&NewLine;<p>&OpenCurlyDoubleQuote;As part of the new round of funding&comma; we’re excited to announce Vasili’s promotion to Co-CEO&comma;” added Anand Janefalkar&period; &OpenCurlyDoubleQuote;Vasili&comma; in the last four years&comma; has not only embraced&comma; but advanced UJET’s ethos to include a higher velocity motion for businesses large and small alike&comma; who want to be sure-footed with their GenAI investment towards predictable ROI and CSAT gains&period; His sector expertise is exactly what the company needs for the next phase of growth&period;”<&sol;p>&NewLine;<p>&OpenCurlyDoubleQuote;Rapid advancements in AI&comma; coupled with evolving customer expectations&comma; necessitate a truly novel approach to customer experiences&comma;” said Vasili Triant&comma; Co-CEO of UJET&period; &OpenCurlyDoubleQuote;UJET is at the forefront of this transformation&comma; offering a unique always-present AI-in-session platform with the bandwidth required to meet the challenges of today&&num;8217&semi;s digital-first world&period; I’m excited for our next growth phase as we work to streamline the path to AI adoption in the CX space&period;”<&sol;p>&NewLine;<p>UJET also <a href&equals;"https&colon;&sol;&sol;cts&period;businesswire&period;com&sol;ct&sol;CT&quest;id&equals;smartlink&amp&semi;url&equals;https&percnt;3A&percnt;2F&percnt;2Fujet&period;cx&percnt;2Fpress-releases&percnt;2Fujet-strengthens-channel-focus-with-exclusive-tsd-partnership-model-appoints-industry-veterans-to-drive-ai-powered-contact-center-transformation&amp&semi;esheet&equals;54125957&amp&semi;newsitemid&equals;20240924073284&amp&semi;lan&equals;en-US&amp&semi;anchor&equals;recently&plus;announced&amp&semi;index&equals;5&amp&semi;md5&equals;383af65d10bf4ce2662025aedba2bc85" target&equals;"&lowbar;blank" rel&equals;"nofollow noopener" shape&equals;"rect">recently announced<&sol;a> the expansion of its Sales and Channel team leadership&comma; and an exclusive partnership model with its Technology Services Distributors &lpar;TSDs&rpar; – Intelisys&comma; Avant and Telarus – designed to make its enterprise-grade AI platforms more widely available and accessible across the mainstream contact center market&period;<&sol;p>&NewLine;<p><b>Providing a Mobile and AI-First Customer Experience<&sol;b><&sol;p>&NewLine;<p>Upcoming UJET research found that 60&percnt; of contact center AI investments are characterized as low maturity&period; UJET’s ongoing effort to create mature&comma; advanced AI solutions will help leading brands boost their ROI on AI implementation by generating improved customer satisfaction&comma; agent productivity and revenue growth – results that aren’t achieved through less mature AI workflows and capabilities&period;<&sol;p>&NewLine;<p>UJET’s unique mobile-centric approach and API’s enable companies to tap into vast stores of unstructured data and high-bandwidth assets that increase and accelerate generative AI’s potential for real-time customer understanding and support&period; This capability&comma; coupled with UJET’s unique Google Cloud partnership&comma; offers the company a distinct time-to-market advantage&comma; continuously integrating the latest AI breakthroughs for intelligent self-service&comma; agent guidance&comma; and process automation&period;<&sol;p>&NewLine;

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