Lemonade’s AI Partner, Rasa, Raises US$30 Million in Series C Funding
Lemonade’s AI Partner, Rasa, Raises US$30 Million in Series C Funding
Rasa, a leading conversational AI platform, has successfully raised $30 million in a Series C funding round. The investment round was co-led by StepStone Group and PayPal Ventures, with notable participation from Andreessen Horowitz, Accel, and Basis Set Ventures.

The infusion of capital will be instrumental in advancing Rasa’s technology and expanding its market footprint. The company remains steadfast in its mission to empower major brands with flexible and customisable AI assistants.

The launch of Rasa Pro and Rasa Studio, featuring Conversational AI with Language Models (CALM), represents a significant milestone. CALM technology integrates the versatility of Language Models (LLMs) with the reliability of traditional chatbots, ensuring natural and coherent user interactions. Rasa Studio, in particular, offers an intuitive development environment, substantially reducing development time and costs.

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Rasa’s innovative technology has already gained traction across diverse sectors, including banking, insurance, travel, and hospitality. With over 50 million downloads by developers, Rasa has demonstrated its effectiveness in delivering cutting-edge solutions.

According to reports, one notable application of Rasa’s technology is showcased by the insurance company Lemonade, which leveraged Rasa’s framework to develop “Cooper,” an internal automation brain. Cooper has streamlined Lemonade’s engineering workflows by managing tasks, automating testing, and facilitating deployments through Slack integration.

The successful Series C funding round underscores Rasa’s position as a frontrunner in the conversational AI landscape and its commitment to driving innovation across industr

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