Funding round
Uniphore Series C
Uniphore, which works in business AI platform development in Palo Alto, raised $51M in a Series C round announced on 13 Aug 2019, led by March Capital. 8 firms took part. It is Uniphore's second venture round on record; the one before was a Series B in Jan 2017.
$51M
Amount raised
Not disclosed
Post-money valuation
8
Investors
1 lead
Valuation
What this round says about the price
Uniphore did not disclose a valuation in this round. It came 31 months after Uniphore's Series B. It is 5.9% of the $860M Uniphore has raised in the venture rounds on record. Uniphore raised again 19 months later: a Series D round of $140M in Mar 2021. Its next priced round, a Series E in Feb 2022, valued it at $2.50B.
Uniphore's funding rounds
Uniphore has 5 venture rounds on record. This one is highlighted.
Investors
Who put money in
March Capital led the round with 7 other firms.
Lead investor
- backs 12 venture-backed companies new investor
Also in the round
- backs 69 venture-backed companies new investor
- backs 6 venture-backed companies new investor
- backs 7 venture-backed companies new investor
- backs 18 venture-backed companies new investor
- backs 17 venture-backed companies new investor
- Patni Family new investor
- backs 84 venture-backed companies new investor
Use of proceeds
What the money is for
According to the announcement, the money goes to hiring, product development, geographic expansion, sales and marketing, scaling operations and working capital.
- Hiring
- Product development
- Geographic expansion
- Sales and marketing
- Scaling operations
- Working capital
Comparable rounds
How it compares
260 Series C rounds in Tech Companies within a year either side disclosed an amount; the median was $35M, and this round was 1.5 times the median. The closest in time, other companies' Series C rounds in Tech Companies:
| Company | Announced | Amount | Post-money | Led by |
|---|---|---|---|---|
| Tech Companies | 12 Aug 2019 | $283M | not disclosed | China Everbright |
| Tech Companies | 1 Aug 2019 | $67M | not disclosed | Yangtze River Delta Collaborative Advantage Industry Fund |
| Cockroach Labs Tech Companies | 6 Aug 2019 | $55M | not disclosed | Altimeter and Tiger Global |
| Tech Companies | 15 Aug 2019 | $30M | not disclosed | Sorenson Capital |
| Tech Companies | 19 Aug 2019 | $30M | not disclosed | Polaris Partners |
| Tech Companies | 8 Aug 2019 | $23M | not disclosed | O.G. Venture Partners |
| Tech Companies | 22 Aug 2019 | $13M | not disclosed | MissionOG and Notion Capital |
| Tech Companies | 21 Aug 2019 | $6.0M | not disclosed | PeakSpan Capital |
Sources
Where this comes from
Reported by 3 sources.
Questions
Frequently asked
How much did Uniphore raise in its Series C round?
Uniphore raised $51M in its Series C round, announced in Aug 2019.
Who led Uniphore's Series C round?
March Capital led it, with Chiratae Ventures, Sistema Asia Capital, The CXO Fund, Investcorp and Iron Pillar and 2 more.
What was Uniphore's valuation at the Series C round?
It was not disclosed.
How does it compare with other Series C rounds in Tech Companies?
260 Series C rounds in Tech Companies within a year either side disclosed an amount; the median was $35M, and this round was 1.5 times the median.
Did Uniphore raise again after this round?
Yes: a Series D round in Mar 2021 of $140M.