Monday, June 25, 2018

Upfront Backs Tact.ai In New Funding Round

Los Angeles-based venture capital investor Upfront Ventures has joined in a new round for one of its portfolio firms, Tact.ai, which announced a $27M Series C funding this morning. According to Tact.ai, the new funding came from Amazon Alexa Fund, Comcast Ventures and Salesforce Ventures, with existing investors Accel Partners, M12 (formerly Microsoft Ventures), Redpoint Ventures and Upfront Ventures. Tact.ai, which is based in Redwood City, has now raised more than $57M in total funding. Upfront Ventures led the last round, a Series B, in Tact.ai, and Mark Suster, a Partner at Upfront Ventures, sits on Tact.ai's board of directors. Tact.ai develops artificial intelligence software used for providing conversational interaction with customer relationship management (CRM) software. More information »