Conversational software developer Uniphore has confirmed a $51m series C round backed by Sistema, though it did not verify reports of National Grid’s involvement.

India-based speech recognition technology developer Uniphore received $51m yesterday in a series C round backed by Sistema Asia Fund, an investment subsidiary of diversified conglomerate Sistema. Investment firm March Capital Partners led the round, which also included Chiratae Ventures, the venture capital firm formerly known as IDG Ventures India, as well as CXO Fund, ITP,…

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