German AI company Parloa is Europe's new Unicorn

German AI company Parloa is Europe's new Unicorn - Portugal Business News

Business News Europe - German AI company Parloa is Europe's new Unicorn reaching $1 billion valuation.

German tech company Parloa has successfully closed a Series C financing round, raising $120 million and has now officially reached Unicorn status. The new Series C funding by Parloa was led by Durable Capital Partners LP, Altimeter, and General Catalyst.

This marks a significant leap forward in Parloa's mission to transform customer service with agentic AI and the new funding will ensure the company will continue empowering enterprises to build and deploy highly personalized, dynamic AI agents at scale.

Parloa intends to accelerate their global expansion and keep setting a new standard for contact centers with their AI Agent Management Platform (AMP).

Europe is starting to increase its number of unicorns with Portuguese company TEKEVER also becoming Europe's new Unicorn.