Passage AI, a startup specializing in artificial intelligence-powered conversational interfaces, announced a $7.3 million Series A round of financing led by Blumberg Capital.
Passage AI’s bot-building tool utilizes AI and natural language processing technologies, requires no coding, and can be deployed anywhere in as little as two weeks. According to the company, its sophisticated deep learning model enables its bots to understand natural language text and speech, creating an interface capable of better identifying intents, extracting information, understanding and responding to queries, and searching through data.
This investment will be used to help the company expand into industries and international markets.