Conversica Completes $25 Million Financing From Morgan Stanley

<p align&equals;"left"><strong>FOSTER CITY<&sol;strong> &&num;8212&semi; <u>Conversica&comma; Inc&period;<&sol;u>&comma; a provider of Conversational AI solutions for enterprise revenue teams&comma; 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;<&sol;p>&NewLine;<p>&OpenCurlyDoubleQuote;Today&comma; 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&comma;” said Jim Kaskade&comma; 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&comma; who view AI as a critical part of their ability to deliver exceptional digital experiences to their end-customers&comma; 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;”<&sol;p>&NewLine;<p>Conversica provides Conversational AI solutions&comma; uniquely focused on revenue growth versus cost savings&period; Conversica&&num;8217&semi;s Conversational AI helps enterprise marketing&comma; sales and customer success teams attract&comma; 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&comma; build meaningful customer relationships and bolster revenue at scale&period;<&sol;p>&NewLine;<p>&OpenCurlyDoubleQuote;In our increasingly digital world&comma; 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&comma; 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&comma;” said Nick Nocito&comma; Executive Director of Morgan Stanley Expansion Capital&period;<&sol;p>&NewLine;