PR99721

NEW YORK, March 7, 2023 /PRNewswire=KYODO JBN/ --

- Trusted AI leader helps customers navigate chatbot frenzy.

Amelia, the enterprise leader in Trusted AI, today announced a $175 Million

Strategic Investment from BuildGroup and Monroe Capital that will provide

financial capital and business leadership. Goldman Sachs & Co LLC and TD Cowen

advised the Company on its raise.

This investment comes at a critical time as many companies are considering how

to navigate the OpenAI-enabled chatbot market frenzy without getting cut by

bleeding-edge technology. Amelia offers a unique industry viewpoint on this

hype cycle, moving beyond the limitations of ChatGPT by offering an enterprise

AI option that delivers outcomes customers can trust. Amelia's market-leading

technology is recognized by analysts as a safe way for enterprises to use

cutting-edge AI to deliver better outcomes to customers.

Lanham Napier, BuildGroup's CEO, will join Amelia's Board as Chairman and will

step into an active role on the leadership team. Amelia Founder Chetan Dube

will focus his leadership on the Company's research and development, and

technical elements of delivery.

"Twenty years ago I was blessed to be CEO of Rackspace and help build the

Company from $1.5 million to $1.5 billion in sales at the dawn of the internet

age. We now find ourselves at the beginning of the AI age, and Amelia is the

right company to lead this new market by helping businesses utilize AI to

deliver greater outcomes to their customers. I'm thrilled to jump into the fray

with Amelians, and I'm excited for what we have the opportunity to build

together," said Lanham Napier.

Chetan Dube commented, "For Amelia's customers, employees and partners -- and

for me personally -- this partnership is a long time coming. Amelia has been at

the forefront of leveraging AI for the betterment of people, the global

workforce and ultimately our planet. This investment by our new partners will

bring Amelia into a new era of growth driven by our Trusted AI solutions. We

are grateful to BuildGroup and Monroe Capital for joining us on this journey."

About Amelia

Amelia is the enterprise leader in Trusted AI. As an AI pioneer, Amelia has a

proven track record of innovation in automation and Conversational AI. Amelia's

platform captures the rapid innovation of AI ecosystems and transforms these

innovations into enterprise-grade products.  Enterprises use Amelia to drive

revenue in conversational experiences and enable productivity through

operations automation. Amelia is consistently recognized by analyst firms as a

market leader. Enterprises trust Amelia's products and solutions to serve

customers globally. Learn more at amelia.ai (

https://c212.net/c/link/?t=0&l=en&o=3801819-1&h=3349062561&u=https%3A%2F%2Famelia.ai%2F&a=amelia.ai

).

Media Contact:

media@amelia.ai

About BuildGroup

Led by former Rackspace CEO Lanham Napier, BuildGroup invests in high-growth

technology companies. Backed by entrepreneurial families, BuildGroup applies a

long-term investment approach, unique operating skills, and partnerships with

its network of successful business owners. BuildGroup's portfolio includes

Anaconda, Andela, Casetext, Cybrary, Fiix Software, Flowspace and Lendio. For

more information on BuildGroup, visit www.buildgroup.com.

About Monroe Capital

Monroe Capital LLC ("Monroe") is a premier boutique asset management firm

specializing in private credit markets across various strategies, including

direct lending, asset-based lending, specialty finance, opportunistic and

structured credit, and equity. Since 2004, the firm has provided capital

solutions to clients in the U.S. and Canada. Monroe prides itself on being a

value-added, user-friendly partner to business owners, management, and both

private equity and independent sponsors. Monroe's platform offers a wide

variety of investment products for both institutional and high net worth

investors with a focus on generating high quality "alpha" returns irrespective

of business or economic cycles. For more information, visit

https://www.monroecap.com/.

Media Contact:

Mark Solovy

msolovy@monroecap.com

SOURCE  Amelia