ConverzAI, a startup based in Redmond, Washington, has successfully completed a $16 million Series A funding round aimed at driving product innovation and expanding market influence. This round was led by Menlo Ventures, with participation from Left Lane Capital, Foundation Capital, and Afore Capital. ConverzAI was founded in 2019 by CEO Ashw.

According to a recent survey, more and more US companies are moving from testing artificial intelligence (AI) to full implementation. The survey, conducted by US venture capital firm Menlo Ventures between September and October 2024, involved 600 IT decision makers and revealed that the total AI investment in the US reached $2.3 billion in 2023, skyrocketing to $13.8 billion in 2024, marking a sixfold increase. The participants came from companies with at least 50 employees, indicating that AI is gradually