Posh
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 financial institutions, transforming how they serve their communities and employees. We transform how financial services companies connect with their customers and automate contact center workflow. Our AI platform spans messaging and voice channels. We're hiring talent across the board! Come join our highly talented, passionate team to completely change conversational and generative AI!
Posh
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 financial institutions, transforming how they serve their communities and employees. We transform how financial services companies connect with their customers and automate contact center workflow. Our AI platform spans messaging and voice channels. We're hiring talent across the board! Come join our highly talented, passionate team to completely change conversational and generative AI!
TL;DR
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)
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Company Overview
Problem Domain
Customer experience automation and internal knowledge/workflow automation for banks and credit unions.
Founded
2018
Industry
Software Development
Tech Stack
Funding Track Record
$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.
Investor Signal
“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.”