Verloop.io, Bengaluru-based tech startup with focus on customer support automation, has raised $5 million as part of its Series A funding round led by Alpha Wave Incubation.
This round also saw participation from existing investors IDFC Parampara and Infosys Co-founder S Gopalakrishnan, according to a press statement. Alpha Wave Incubation is backed by Abu Dhabi-based investment house ADQ and managed by Falcon Edge Capital.
The startup plans to use this fresh round of funding to further its product development roadmap which will include hiring talent across the data science and engineering domains. Besides, it also plans to expand into geographies of Middle East, Southeast Asia, and the United States.