As per experts, the global chatbot market is predicted to reach $15.7 billion by 2024, which indicates a yearly growth of 30.2%. The rise in the use of chatbots is fueled by the increase in the use of smart devices, AI-powered apps and voice recognition advances. Relatively lots of chatbot startups are growing and expanding really fast. One of them is London-based Futr. that has created a chatbot technology that is being deployed by the police, as well as local and central government.
Now, the machine learning chatbot startup has announced that it has secured £2.4 million (€2.7 million approx.) in a seed funding round led by leading venture capitalist (VC) firm Praetura Ventures. The company will use the funding to significantly grow its team of developers, data engineers and data scientists.