Interface.ai emerges as “most valuable AI company in banking” with Avataar-led $30m funding round
Interface.ai claims to now be “the most valuable AI company in banking” having raised $30 million through its first funding round led by Avataar Venture Partners.
Interface.ai closes first funding round at $30m
Based in Covina, California, the company provides pre-trained agentic AI solutions specifically tailored to community banks and credit unions.
Agentic AI describes a technology framework capable of operating autonomously, making decisions and performing tasks without the need for human intervention or oversight.
Interface.ai’s remit to this framework is currently contained within its BFSI-specific AI algorithms and pre-built adapters, which are delivered to clients either as a co-pilot to internal staff or via direct integration with the end consumer enabled by the company’s multi-modal AI agent Sphere.
The agent enables institutions to leverage AI within customer relations, including call-based query management, while also integrating with core banking functions.
This approach allows for data-driven insights that can reduce operational costs and enhance the personalisation of customer experiences.
Bootstrapped since its inception in 2019, Interface.ai says it will use the $30 million to “expand its team to enhance product offerings, strengthen customer success and services, and accelerate go-to-market initiatives”.
These initiatives will include further investments into the company’s proprietary AI capabilities as part of an effort to “meet the evolving regulatory and compliance needs” of clients.
While Interface.ai has not disclosed its newfound company valuation, it claims the raise coincides with several “significant milestones”, including “reaching several tens of millions of dollars in revenue, serving around 100 customers, and experiencing increasing sales momentum toward reaching over 1,000 customers”.
Interface.ai is not the only company delving into agentic AI technology. Amir Sarhangi, CEO and co-founder of San Francisco-based startup Skyfire, which recently secured $8.5 million, remarked during the August launch of the company’s AI-driven payments network that “agentic AI commerce will surpass every payment innovation we’ve known, from credit cards to PayPal”.
