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Uniphore secures investment from Indian Angel Network & others

Indian language speech-based software solution provider Uniphore Software has raised undisclosed amount of investment from Indian Angel network led by members Nagaraja Prakasam & M.V.Subramanian with particiaption from YourNest Angel Fund and Analog Devices co-founder Ray Stata. Following this investment, Prakasam will be joining the company board. Prior to this, the company had received $100,000 seed investment from IIT Madras’ Rural Technology and Business Incubator (RTBI), Villgro Innovations Foundation, and the National Research Development Corporation. Uniphore plans to use the investment raised to strengthen its global presence by expanding into other non-English speaking regions like South East Asia and the Middle East. It expects 20% of its revenues for the current fiscal to come from its International operations. This investment will also be used to build new context-aware personalized apps and strengthen its existing speech-based products, although the focus would be on enterprise products. Founded in…

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