German AI startup Parloa triples valuation to $3 billion in latest fundraise

Jan 15 (Reuters) - German startup Parloa has raised $350 cardinal successful a late-stage circular that tripled the valuation of the artificial intelligence-driven lawsuit ​service level to $3 cardinal successful little than a year.

The Series D ‌round, announced connected Thursday, was led by General Catalyst and joined by existing investors specified arsenic ‌EQT Ventures, Altimeter Capital and Durable Capital Partners.

It takes the startup's full fundraise to much than $560 million, including a $120 cardinal Series C successful July 2025 wherever it was valued astatine $1 billion.

The eight-year-old steadfast is among the startups processing an AI ⁠platform that tin automate lawsuit ‌service for ample enterprises with small to nary coding, including tasks specified arsenic tracking packages and processing returns.

Parloa said its ‍customers see Microsoft, Accenture, KPMG and Booking.com, and its yearly recurring gross has surpassed $50 million.

"In 2025, everyone yet realized … it (AI for lawsuit service) is really working, similar this is ​a lawsuit that has proven to beryllium a affirmative instrumentality connected concern ‌case," co-founder and CEO Malte Kosub said successful an interview.

Businesses looking to chopped costs and woody with rising lawsuit queries person been turning to AI-powered dependable agents to grip lawsuit service, driving request and capitalist involvement successful startups processing the technology.

However, the roll-out has not ever been smooth. Swedish buy-now, pay-later ⁠Klarna said past twelvemonth it mightiness person ​gone excessively acold successful utilizing the technology, having ​cut thousands of jobs, dropped immoderate vendors and turned to AI to make selling campaigns.

Parloa plans to usage the caller funds ‍to grow successful Europe ⁠and the U.S., including opening caller offices successful San Francisco and Madrid. It already has a beingness successful Berlin and New York.

The institution ⁠also plans to summation its headcount to 600 from 380 by the extremity of 2026, with ‌hiring focused some connected developers and income staff.

(Reporting by Aditya ‌Soni successful Bengaluru; Editing by Vijay Kishore)