[Funding News] MA-based Posh AI Secures Strategic Funding

Posh AI, a company providing a platform democratizing access to banking, secures strategic funding. Curql has led a new investment round in Posh alongside Canapi Ventures and TruStage Ventures, to accelerate generative and conversational AI innovation for banks and credit unions.

This latest funding brings Posh’s total to over $45 million, underscoring strong support from investors for Posh’s purpose-built AI solutions.

The new investment will fast-track responsible deployment of generative and conversational AI solutions specifically designed to empower credit unions and banks, enhancing their operational efficiency and service quality.

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Additionally, Posh is thrilled to welcome Dave Tucker to its Board of Directors, joining co-founders Karan Kashyap and Matt McEachern and Board Advisors Rodney Hood and Barbara Yastine. With a rich background in scaling tech companies, Dave, a partner at Curql’s fund management company, previously served as Senior Vice President of Technology at Workiva.

He played a pivotal role in guiding Workiva’s growth to a public company and expanding its development team to 350+. With over 30 years of industry experience, Dave has also held significant roles at major enterprises like Hewlett-Packard and Siemens.

Dave Tucker said, “I am excited to join Posh AI’s Board of Directors at such a pivotal time. I look forward to contributing to the company’s mission to transform the financial services industry with innovative AI technologies,”.

Posh’s rapid expansion highlights its substantial growth and the rising demand for advanced AI solutions, as evidenced by over 100 clients benefiting from more than 200 live products. Notably, Posh Assistants covering customer-facing channels for Voice and Digital Banking, alongside the Knowledge Assistant providing immediate answers for internal teams, have played a pivotal role in serving clients such as Interra CU, Ion Bank, One Nevada CU, and Southern Bank.

Posh AI CEO Karan Kashyap said, “This new funding and welcoming Dave Tucker to our board are significant milestones for Posh. Dave’s extensive experience and insights will be invaluable as we continue to deliver cutting-edge AI solutions for financial institutions,”.

By expanding Posh’s team of highly regarded industry experts and this strategic investment, Posh is poised to transform the solutions offered to credit unions, banks, and other financial institutions. Posh is committed to rapidly developing and deploying innovative, generative and conversational AI solutions to enhance customer experience and operational efficiency.

Posh invites credit unions and banks to participate in upcoming webinars and events that showcase its new technologies and thought leadership. Posh welcomes direct conversations about crafting your financial institution’s roadmap for responsible AI adoption.

About Posh AI

Posh AI is committed to democratizing access to banking and accelerating the responsible adoption of AI for financial institutions, transforming how they serve their communities and employees. Powered by their proprietary platform, Posh AI assistants empower frontline staff and transform customer interactions. Purpose-built for financial services, Posh’s AI spans voice, digital, and knowledge channels, offering conversational customer service, 24/7 self-service, and increased employee efficiency.