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Uniphore Software Systems
Company typePrivate
IndustryConversational automation
Founded2008
FounderUmesh Sachdev and Ravi Saraogi
HeadquartersPalo Alto, California, Chennai, Tamil Nadu, India
Area served
Worldwide
Key people
Umesh Sachdev (Co-founder and CEO)
Ravi Saraogi (Co-founder and President, APAC)
ServicesSpeech Analytics, Voice Biometrics, Virtual Assistant
Number of employees
250[1] (2020)
Websitewww.uniphore.com

Uniphore is a conversational automation technology company. Uniphore sells software for conversational analytics, conversational assistants and conversational security. The company has dual headquarters in Palo Alto, California, and Chennai, India, with offices in the United States, Singapore, India,[2][3] Japan, and Spain.[4]

History

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Uniphore Software Systems was founded by Umesh Sachdev and Ravi Saraogi in 2008[5] and was incubated at IIT Madras.[6] The company received an initial grant of $100,000 from the National Research Development Corporation.[6] Initially the company operated a call center providing voice-based internet services to people in rural areas.[7][8] Uniphore then began working on speech recognition technology, partnering with companies that specialized in English and European languages and adapting the technology for Indian languages and dialects. In 2014, Uniphore released its flagship product, auMina, along with two other products, Akeira and amVoice.[8]

Uniphore raised series A funding, which was led by Kris Gopalakrishnan (cofounder of Infosys), in April 2015.[9][10] The next month, Uniphore received additional investment from IDG Ventures.[11][12] With input from its investors, Uniphore changed its business model from license fee-based income to a software as a service-based subscription fee model in 2015.[8] By June 2016, it had added more than 70 global languages and expanded its services to Southeast Asia, the Middle East, and the United States.[13] The company opened operations in Singapore in October 2016.[14] The company raised Series B funding in October 2017, led by John Chambers and existing investors.[15] Series C funding of $51 million was announced in August 2019 and led by March Capital.[16]

Uniphore acquired an exclusive third-party license for robotic process automation technology from NTT DATA in October 2020.[17] In January 2021, Uniphore acquired Emotion Research Lab,[18] a startup based in Spain that uses AI and machine learning to analyze video and interpret emotions.[19][20] The company received $140 million in Series D funding, led by Sorenson Capital Partners, in March 2021, bringing total funding to $210 million.[21][22] Uniphore acquired Jacada, a company that specializes in improving and automating contact center processes, in July 2021.[23][24]

As of March 2020, Uniphore's customers included WNS Global Services, Tech Mahindra, NTT DATA, and Sitel,[17] and, as of May 2021, Firstsource.[25] Its products help up to 75,000 customer service agents during approximately 160 million interactions per month.[5]

Products

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Uniphore's main platform offers four core services: U-Self-Serve, for businesses setting up a conversational AI assistant; U-Analyze, which generates insights from customer conversations using natural language processing; U-Trust, for automated voice authentication to verify the identity of an agent working remotely; and U-Assist, which provides transcriptions and alerts in real time during a call.[26] The company says its goal is to supplement, not replace, the efforts of call center staff.[27]

U-Analyze

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Uniphore's speech analytics software, U-Analyze (formerly auMina),[28] helps organizations identify customer problems by analyzing customer dynamics and call center interactions.[29] auMina uses artificial intelligence and data analysis to monitor agents' in-call movements and optimize training programs.[30]

U-Self Serve

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U-Self Serve (formerly Akeira)[31] is an interactive voice response software[32] and virtual assistant that can help automate customer service for organizations.[6]

U-Trust

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U-Trust (formerly amVoice)[33] is a voice biometrics platform that allows the user to authenticate their identity user their voice.[34]

U-Assist

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U-Assist uses deep learning AI models[35] to provide support, including transcriptions and alerts, in real time during calls.[26] It also helps automate dispositions and other work after a call.[36]

Industry recognition

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Deloitte Technology Fast 50 India identified Uniphore as the 17th fastest-growing technology company in India in 2012 and one of the top 500 fastest growing companies in Asia Pacific in 2014.[37] In 2016, Time included Sachdev on its list of "10 millennials who are changing the world" for "building a phone that can understand almost any language".[38][39] NASSCOM named Uniphore to its "League of 10" emerging Indian technology companies in 2017.[40][41] In 2020, the San Francisco Business Times ranked Uniphore as number 7 among small companies in its list of the best places to work in the San Francisco Bay Area.[42]

References

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  1. ^ Sannith, Jude (19 August 2020). "Two steps AI start-up Uniphore took to register 4-fold growth amid the COVID-19 crisis". CNBC TV 18. Retrieved 22 June 2021.
  2. ^ "Uniphore revolutionizes power of speech for human-machine interaction". Economic Times. Retrieved 28 July 2017.
  3. ^ Siva, Meera. "Uniphore finds its voice in speech analytics". The Hindu Business Line. Retrieved 28 July 2017.
  4. ^ "Contact Us". Uniphore. Retrieved 28 September 2021.
  5. ^ a b Rai, Saritha (31 March 2021). "Uniphore Raises $140 Million to Expand AI to Video-Call Analysis". Bloomberg. Retrieved 19 June 2021.
  6. ^ a b c Modgil, Shweta (17 April 2017). "How Uniphore Is Leveraging Speech Analytics To Grow Towards $10 Mn ARR". Inc42 Media. Retrieved 19 June 2021.
  7. ^ Narsimhan, T E. "Speech-recognition for customer satisfaction". VC Circle. Retrieved 28 July 2017.
  8. ^ a b c Ramakrishnan, N. (19 March 2018). "The pivots that changed Uniphore". The Hindu BusinessLine. Retrieved 21 June 2021.
  9. ^ Pahwa, Akanksha (7 May 2015). "Chennai Based Speech Recognition Solutions Startup Uniphore Grabs Funding From Kris Gopalakrishnan". Inc42 Media. Retrieved 19 June 2021.
  10. ^ Chandran, Pradeesh (7 May 2015). "Infosys co-founder invests in Uniphore in Series A funding". The Hindu. Retrieved 19 June 2021.
  11. ^ "Uniphore raises money from IDG Ventures, second round in less than two months". Business Standard India. 3 June 2015. Retrieved 19 June 2021.
  12. ^ Mayhew, Stephen (5 June 2015). "Speech recognition firm Uniphore secures new investment from IDG Ventures | Biometric Update". Biometric Update. Retrieved 19 June 2021.
  13. ^ Kandavel, Sangeetha. "Recognising the voice as the future". The Hindu. Retrieved 28 July 2017.
  14. ^ Pitchiah, Vijayakumar (1 December 2017). "Uniphore operational revenue jumps 50%, loss narrows in FY17". VCCircle. Retrieved 21 June 2021.
  15. ^ Ayyar, Ranjani (30 November 2017). "Uniphore raises Series B round, sees participation of Cicso executive chairman John Chambers - Times of India". The Times of India. Retrieved 19 June 2021.
  16. ^ Sawers, Paul (13 August 2019). "Uniphore raises $51 million to bring conversational AI to customer service". VentureBeat. Retrieved 20 June 2021.
  17. ^ a b "Uniphore raises $140 million". Fortune India. 31 March 2021. Retrieved 22 June 2021.
  18. ^ Council, Jared (21 January 2021). "Sound and Vision: Uniphore Buys Emotion Research Lab to Gauge Video Chat". Wall Street Journal. Retrieved 22 June 2021.
  19. ^ Goled, Shraddha (22 January 2021). "Uniphore Expands Global Presence, Acquires Spain-Based Emotion Research Lab". Analytics India Magazine. Retrieved 22 June 2021.
  20. ^ Sil, Debarghya (22 January 2021). "Uniphore Acquires Emotion Research Lab; Expands In Europe". Entrepreneur India. Retrieved 22 June 2021.
  21. ^ Gupta, Yajush (31 March 2021). "Uniphore Raises $140 Mn In Series D, Eyes $100 Mn ARR In FY22". Inc42 Media. Retrieved 22 June 2021.
  22. ^ Bhalla, Tarush (31 March 2021). "Uniphore raises $140 million in Series D funding". Mint. Retrieved 22 June 2021.
  23. ^ Kerravala, Zeus (27 July 2021). "Uniphore Acquires Jacada for Contact Center Automation | No Jitter". No Jitter. Retrieved 17 September 2021.
  24. ^ "Uniphore Technologies acquires Israeli firm Jacada". The Economic Times. 27 July 2021. Retrieved 17 September 2021.
  25. ^ "IT Science Case Study: Better Health-Care Services for Less Cost". eWeek. 24 May 2021. Retrieved 17 September 2021.
  26. ^ a b Sawers, Paul (31 March 2021). "Uniphore nabs $140 million for automated analysis of voice and video calls". VentureBeat. Retrieved 22 June 2021.
  27. ^ Foremski, Tom (17 December 2020). "Uniphore call center survey: People prefer people over tech". ZDNet. Retrieved 22 June 2021.
  28. ^ "Speech Analytics Software & Solutions". Uniphore. Retrieved 2 July 2021.
  29. ^ "Chennai-based Uniphore launches speech analytics software for contact centres". First Post. Retrieved 28 July 2017.
  30. ^ Bahirwani, Krishna. "Speech Analytics Software detects Indian languages with 95% accuracy". DNA India. Retrieved 28 July 2017.
  31. ^ "Enterprise Virtual Assistant & Ai Chatbot". Uniphore. Retrieved 2 July 2021.
  32. ^ Advani, Shonali. "Social impact 2.0: Technology enters social arena, new-age entrepreneurs embrace it to increase reach". Economic Times. Retrieved 28 July 2017.
  33. ^ "Voice Biometrics Software - Voice Authentication Software". Uniphore. Retrieved 2 July 2021.
  34. ^ Pitchiah, Vijaykumar. "Uniphore strengthens top deck with two key hires". VC Circle. Retrieved 28 July 2017.
  35. ^ Gutierrez, Daniel (24 July 2021). "insideBIGDATA Latest News – 7/24/2021". insideBIGDATA. Retrieved 21 September 2021.
  36. ^ Daily, Ryan (15 July 2021). "Uniphore Boosts Deep Learning AI for Agent Assistance | No Jitter". No Jitter. Informa Tech. Retrieved 21 September 2021.
  37. ^ "Kris Gopalakrishnan invests in Chennai-based Uniphore Software". Business Standard. Retrieved 28 July 2017.
  38. ^ "India-born Sachdev, CEO of Uniphore, on Time's list of those changing the world". Hindustan Times. Retrieved 28 July 2017.
  39. ^ "Indian among Time magazine's '10 millennials changing the world'". Indian Express. Retrieved 28 July 2017.
  40. ^ Modgil, Shweta (3 November 2017). "Nasscom Announces Emerge 50 Winners: The Top 50 Most Innovative Indian Startups". Inc42 Media. Retrieved 21 June 2021.
  41. ^ Ranipeta, Shilpa S (3 November 2017). "T-Hub startup Hug Innovations makes it to top 10 of 'Nasscom Emerge 50 2017' awards". The News Minute. Retrieved 21 June 2021.
  42. ^ King, Danny (24 April 2020). "Building a best place to work around the world". San Francisco Business Times. Retrieved 2 July 2021.

Further reading

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