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Posh is a venture backed conversational AI company that spun out of MIT's AI lab in 2018 🚀 We are committed to democratizing access to banking and accelerating the responsible adoption of AI for…

Posh is a venture backed conversational AI company that spun out of MIT's AI lab in 2018 🚀 We are committed to democratizing access to banking and accelerating the responsible adoption of AI for…
What: Conversational and generative AI platform purpose-built for banks and credit unions (voice, digital, and employee knowledge workflows).
Founded: 2018 (spun out of MIT)
Founders / HQ: Karan Kashyap (Co‑Founder & CEO) and Matt McEachern (Co‑Founder & CTO); Boston, MA
Customers: Over 100 financial institutions
Funding: Reported total funding: over $45M (announced June 12, 2024)
Customer experience automation and internal knowledge/workflow automation for banks and credit unions.
2018
Software Development
$27.5M
Participants included Curql Collective, Human Capital, CMFG Ventures, JAM FINTOP, and Piedmont Capital.
$4.15M
Raised from a group of credit union investors; stated to bring total funding at the time to $31.7M.
Posh reported the round (led by Curql with participation from Canapi Ventures and TruStage Ventures) brought total funding to over $45M.
“Backed by fintech‑focused VCs and strategic financial‑institution investors (examples cited: Canapi Ventures, Curql, TruStage Ventures, CMFG Ventures, JAM FINTOP) plus direct investments from dozens of credit unions/financial institutions.”
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