Indianapolis, IN (August 28, 2023) — ConverSight, a unified decision intelligence solution provider, has raised $9M in Series A funding. The round was led by Surface Ventures with participation from Techstars, Augment Ventures, Elevate Ventures and existing investors. ConverSight plans to use the new funding to fuel its go-to-market teams in addition to continuous product innovation and feature expansion.
“It has been a pleasure to be part of the continued growth and momentum that ConverSight has experienced in the last 20 months,” said Gyan Kapur, Surface VC. “While many companies have incorporated generative AI into analytics over the past year, ConverSight has been working on this problem for more than 5 years and we believe has a critical head start in ensuring accuracy for mission critical analytics. We see potential for ConverSight’s platform to continue to extend its market leadership and are excited for ConverSight to raise this Series A to amplify its go to market efforts.”
“ConverSight truly stands out among the many tech companies developing generative AI applications for enterprise,” said Marie Moussavou, Chief Portfolio Services Officer at Techstars. “We believe ConverSight’s platform will create significant value for its clients with its AI tools that seamlessly unlock the data that sits at the heart of every organization. Techstars has been a committed partner of ConverSight since its participation in our accelerator program through this Series A round and we look forward to its continued success.”
As businesses evaluate the value and efficiency of how decisions are made and executed, the importance of decision intelligence as the next iteration of data analytics moves to the forefront. With this funding, ConverSight will continue to help organizations solve their biggest challenges to ease the adoption of large language models (LLMs) and help generative AI go to work for them through unified analytics. With proven success in deploying generative AI-based analytics in organizations, ConverSight is primed to take its solution to the next level with added capabilities to serve as the platform of the future for business analytics.
“ConverSight goes beyond offering businesses an intuitive interaction with their data by opening the dialogue and putting the user first.” said Ganesh Gandhieswaran, CEO and Co-founder of ConverSight.ai. “LLMs and generative AI are quickly defining the future of business analytics. ConverSight is easing this critical step in an organization’s digital transformation journey by delivering descriptive, predictive, and prescription interactions with data. The best part is that anyone and everyone can use it, allowing true data democratization for improving decisions across a business.”
Since its last round of fundraising in 2022, ConverSight has released major product updates including a new state of the art UI, expansions to its data science capabilities including an AI workbench, marketplace and GPT-powered modeling capabilities. The company has also been awarded SOC 1 Type 1 and 2 and SOC 2 Type 1 and 2 certifications. ConverSight most recently announced product features and capabilities with its ConverSight GPT release, equipping users with generative AI in the form of auto-generated executive summaries, recommendations and proactive insights so businesses can understand the what, how and what’s next.
To learn more about ConverSight and take the next step toward leveraging the benefits of generative AI in your business, visit www.conversight.ai.
Founded in 2017, ConverSight humanizes the interaction between computer systems and business users. The artificial intelligence and analytics-based platform uncovers actionable business insights for enterprises through natural language conversations. ConverSight’s comprehensive platform empowers users to engage with systems using simple dialogue, enabling organizations to make informed and accurate decisions through Natural Language Conversational Interaction, generative AI and its patented knowledge graph. To learn more, visit www.conversight.ai