By ET Bureau - March 06, 2023 1 Mins Read
Inflection, an artificial intelligence startup led by prominent tech executives, is reportedly in talks to raise up to USD 675 million from investors.
The Financial Times reported the development, citing people familiar with the matter. Inflection has yet to launch a product and offers little information about its plans on its one-page website. The startup first made headlines last May after a regulatory filing revealed it had raised USD 225 million in funding. Earlier, CNBC reported that it is backed by venture capital firm Greylock Partners.
According to the Financial Times, Inflection is seeking to raise between USD 500 million and USD 675 million from investors. The company is reportedly developing an AI chatbot for the consumer market. It will be able to assist users with tasks such as “making reservations and purchases.
Read more: Report: AI startup Inflection in talks to raise up to $675M
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