YugaLabs is a US-based start-up company that has raised $450 million in funding. The company is known for creating the world’s first AI-powered chatbot platform, LUIS.ai.
This company was founded in 2016 by CEO and founder, Oren Jacob. It has been able to raise $450 million from investors including Salesforce Ventures, Microsoft Ventures, and Tencent Holdings Limited.
The company will use the funding to expand its engineering team and grow its operations internationally as well as increase its marketing efforts.
The company is also using its funding to invest in R&D and provide the best possible services for their customers.
It is not a surprise that YugaLabs has been able to raise $450M in funding. They are one of the few companies who have been able to provide enterprise solutions that can power digital transformation for businesses.
Is it worth Investing in YugaLabs?
YugaLabs is a company that is trying to make AI more accessible to the masses. They are not going for the big data approach, but instead, they are focusing on small and medium businesses.
YugaLabs mission is to democratize AI by making it available to everyone. Their goal is to create an AI platform that can be accessed by anyone with a smartphone.
Investing in YugaLabs could be worth it in the future as they are working on building a new ecosystem of AI tools and services.
The company has also been able to invest in expanding its team with new talent, which will help them continue to grow their customer base.
Overview of YugaLabs Project
YugaLabs is a start-up that has raised $450M in funding and is backed by some of the most prestigious investors in the world. The company has been working on building a new operating system that is designed to power the future.
The $450 million funding round that YugaLabs recently raised will be used for its Project 2020 initiative which aims to help small businesses grow.