Conversica Completes $25 Million Financing From Morgan Stanley

FOSTER CITY &&num;8212&semi; Conversica, Inc&period;, a provider of Conversational AI solutions for enterprise revenue teams, has completed a &dollar;25 million financing with investment funds managed by Morgan Stanley Expansion Capital&period; Conversica will use the capital to support strategic business initiatives as it prepares for growth&period;&NewLine;&OpenCurlyDoubleQuote;Today, AI is more than a technology&period; 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&period; &OpenCurlyDoubleQuote;Our partnership with Morgan Stanley Expansion Capital and this growth financing positions us to go public in the future&period; We&&num;8217&semi;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&period; 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&period;”&NewLine;Conversica provides Conversational AI solutions, uniquely focused on revenue growth versus cost savings&period; Conversica&&num;8217&semi;s Conversational AI helps enterprise marketing, sales and customer success teams attract, acquire and grow customers at scale across the entire customer revenue lifecycle&period; 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&period; Conversational AI will deliver better conversational experiences, build meaningful customer relationships and bolster revenue at scale&period;&NewLine;&OpenCurlyDoubleQuote;In our increasingly digital world, exceptional customer experiences will be the competitive battleground where organizations vie for market share&period; AI solutions are key for companies seeking advanced automation as a means of differentiation&period; We believe that only digital automation leveraging AI will deliver greater personalization, timely response and consistent engagement across all digital touch points&period; We foresee significant increases in demand for the Conversational AI market&period; 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&period;&NewLine;

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