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Ada secures $130 million USD, claims $1.2 billion valuation


Ada secures $130 million USD, claims $1.2 billion valuation
Toronto artificial intelligence (AI)-powered customer support software startup Ada has raised $130 million USD in Series C financing at a reported valuation of $1.2 billion.
The round was led by Spark Capital, with participation from Tiger Global. Previous Ada investors Accel, Bessemer, FirstMark, Version One, and Burst also provided financing. The round brings the startup’s total funding to date to $200 million.
The funding comes just over a year after Ada raised $63.7 million.
The funding news comes just over a year after Ada raised a $63.7 million CAD Series B round. Ada plans to use the fresh capital to fuel its global expansion efforts, grow its team to over 500 people, and invest in research and development (R&D). ....

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