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Clinc Clings $52 Million Series B

Clinc CEO Jason Mars
Photo by Steve Jennings/Getty Images for TechCrunch

Clinc -- an Ann Arbor, Michigan based AI startup -- has secured $52 million Series B funding led by Insight Partners, with participation from DFJ Growth and existing investors Hyde Park Venture Partners and Drive Capital. Clinc has now raised nearly $60 million in total funding according to Crunchbase data.

The company says it achieved a 300% annual revenue growth and expects to more than triple that this year alone. It's planning to reach 140 employees by year end and intends to occupy a new 26,000 square foot office in Ann Arbor, Michigan.

Insight Partners Managing Director Jeff Horing
image: Dow Jones Events

“We’ve had phenomenal growth and built unbelievable momentum in a very short period of time,” Clinc CEO Jason Mars said in a statement. “Now we’re adding more world class investors to support our growing team as we work to accelerate the pace of innovation and to reshape the conversational AI landscape, one industry at a time.”

Clinc expects this round to be its last before it heads for an IPO.



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