Category: Ann Arbor

May 20, 2019 Off

Clinc raises $52m Series B as it marches towards IPO

By Jill T Frey

Ann Arbor, Michigan-based Clinc is today announcing a $52 million Series B. The company behind the conversational AI platform netted cash from Insight Partners, DFJ Growth, Drive Capital, Hyde Park Venture Partners, and others.

This round of financing brings Clinc’s total amount of funding to $60 million and will help Clinc scale its conversational AI to new markets. Clinc plans to reach 140 employees by the end of 2019 and intends to move into a new 26,000 square foot office in Ann Arbor, MI. According to Clinc, the company achieved a 300% year-over-year revenue growth and expects to more than triple the business again this year.

“We’ve had phenomenal growth and built unbelievable momentum in a very short period of time,” said Jason Mars, Clinc CEO. “Now we’re adding more world class investors to support our growing team as we work to accelerate the pace of innovation and to reshape … Read the rest