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OpenDialog AI Ltd launches with $5m seed funding

OpenDialog AI Ltd (OpenDialog AI), a newly launched company setting out to unlock the potential of conversational AI technology, has raised $5 million in its initial seed round of funding.

The funding was secured in only four weeks, with an oversubscription of potential investors, indicative of a sector that is expected to grow to an estimated $46 billion market globally by 2028, according to Data Bridge. The investment will be used for further product development and to support expansion plans in the UK and other major markets globally.

The founding team behind OpenDialog AI includes technology entrepreneur, Terry Walby – founder and CEO of Thoughtonomy, which sold to Blue Prism for $100 million in 2019, Dean Chapman, who was previously the Chief Commercial Officer of Thoughtonomy, and Dr Ronald Ashri who led the research on which OpenDialog’s AI capabilities are built. 

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