Mihup Communications, a Kolkata-based conversational AI platform, has raised $1.5 million in an ongoing Series A round. The round was led by Accel Partners, Ideaspring Capital, venture capitalists Rajesh Jain (Founder of Netcore), and Jayant Kadambi (Founder and CEO YuMe Networks).
Earlier in 2019, Mihup raised $1.7 million in the similar round.
The firm will utilise the fresh funds to expand the Mihup team, to build new product capabilities, and to enter new markets.
Commenting on the funding, Tapan Barman, CEO and Co-founder, Mihup, said, “The funding will allow us to push Mihup to greater heights and invest in areas that will be a key to our long-term vision and success, and we are thrilled to have Accel Partners continuing as our investors and welcome Ideaspring Capital as our investor partner. We will soon be launching a new product in the automobile space.”
Prior to this round, the startup had secured Seed funding and Pre-Series A funding from Accel Partners and Ideaspring Capital. Accel has previously invested in companies like Flipkart, Freshwork, Myntra, Musigma, CureFit, Spotify, Facebook, and Dropbox, among others.
Founded in 2016 by Tapan Barman, Sandipan Chattopadhyay, and Biplab Chakraborty, Mihup is building a Voice AI platform for enterprises such as customer contact centers, Automotive & TV OEMs.
“Voice as a medium is seeing an increasing demand in not only consumer applications but in enterprise applications as well. Advancement in voice recognition and translation technology and the advent of language agnostic internet will drive this trend,” added Naganand Doraswamy, Managing Director and Founder, Ideaspring Capital.
The startup is backed by Accel Partners and Ideaspring Capital.
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