Investment

Mexican AI startup, Yalochat, raises US$10M Series A

LatAm ListYalochat helps businesses manage relationships with their customers through popular messaging app, Whatsapp. After watching Yalochat’s exponential growth in the Mexican market, Sierra Ventures led a US$10M Series A round for the startup in mid-January.

Yalochat plans to use this investment to grow their team and expand into the South Asian market. They recently hired Kyle Passarelli, ex-director of Engineering at Paypal, as their new CTO, where he will focus on developing the artificial technology that helps companies manage customer relations.

The Mexican app’s next goal is to become the leader in customer relations across Latin America and India, becoming an irreplaceable part of the client-company relationship in emerging markets.

Read more in Entrepreneur.

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