Conversica Secures USD 20 Million in Series D Round of Fianancing

The company also announced the appointment of Peter Maloney as Chief Financial Officer (CFO) and Mark Jancola as Chief Technology Officer (CTO) and Vice President, Engineering.

FREMONT, CA: Foster City-based leader in Intelligent Virtual Assistants enabling organizations to attract, acquire, and grow customers at scale, Conversica, Inc., secured USD 20 million in a Series D funding round led by Hollyport Capital with participation from previous investors Providence Strategic Growth (PSG), Toba Capital, and Savano Capital Partners. The latest round of investment takes the company’s total raised capital to USD 89. The proceeds from the investment round will be used by the company to continue its growth through investments in Sales, Marketing, and Partner Ecosystem and further invest in its Intelligent Automation Platform product development and engineering.

The company also announced the appointment of Peter Maloney as Chief Financial Officer (CFO) and Mark Jancola as Chief Technology Officer (CTO) and Vice President, Engineering. “Peter and Mark each bring necessary skill sets and valuable expertise in leading transformational initiatives that result in taking companies public,” said Jim Kaskade, CEO of Conversica. “With these key appointments, alongside our recent funding announcement, the company now possesses a superior level of talent, experience, and technology that will help Conversica shape the future of work for any enterprise. I’m thrilled to welcome Peter and Mark as we scale Conversica in 2020 and beyond and deliver on our vision to build the largest augmented workforce in the world.”

Maloney has over 25 years of experience in strategic financial management and business leadership. During his illustrious career, he also gained 18 years of experience in executive leadership for Software as a Service (SaaS) companies. He recently served as Jobvite’s Chief Financial Officer. He was in charge of leading business and financial strategy, driving the company’s business model and growth from an SMB-focus to more of a Mid-market and Enterprise focus.

“Intelligent Automation is primed for exponential growth. I see a tipping point for enterprises to utilize IVAs across all business operations. Conversica pioneered the category of Intelligent Virtual Assistants with more than a decade of experience building out our platform. We understand the challenges that sales, alliance, marketing, and customer success teams face with scaling and personalizing any business, regardless of the economic climate,” said Peter Maloney, CFO of Conversica. “Our Intelligent Virtual Assistants revolutionize the very nature of how business gets done. I look forward to creating this future with Conversica.”