LoneTree, a growth capital firm, has made a significant growth investment in OneReach.ai, a Gartner Magic leader concentrated on democratizing conversational AI and machine learning.
OneReach offers deep functionalities for creating conversational applications across communications channels including a complete set of end-to-end voice capabilities allowing customers to build their own independent services or augment existing legacy telecom services. The firm delivers services to Fortune 200 firms across financial services, retail, telecom, technology and CPG.
“Following an exhaustive review of the existing market landscape, it is clear to us that OneReach.ai offers the most advanced and configurable conversational AI platform on the market, and we expect the Company to benefit from continued enterprise adoption of these next generation solutions,” said Matt Koven, managing partner, LoneTree Capital. “OneReach.ai’s dominance in this market reflects the quality of the platform, the organization as a whole and its leadership. We look forward to working closely with the OneReach.ai team as they continue building a world-class organization in support of their current and future customers.”
“We are delighted to be working with LoneTree as the experience and insight the team brings will contribute to the next phase of our growth,” said Robb Wilson, principal designer, chief technologist and founder, OneReach.ai. “Their investment in OneReach.ai is an endorsement of our AI/ML platform and the team we have built.”
Morris, Manning, & Martin LLP provided legal counsel to OneReach.ai. Goodwin Procter LLP represented LoneTree.