Dallas-based Krista Software has secured additional funding after wrapping up a Series A follow-on round.
According to SEC filings, the latest round includes $6.6 million in equity as part of an $8 million offering that dates back to October 2024 and $4.6 million in debt going back to December 2023. Both follow a $15 million equity round in February 2022.
Dallas Business Journal says Krista Software has obtained at least $27.2 million in equity funding alongside the $4.6 million in debt financing.
Krista enables firms to create what are known as agents, artificial intelligence-backed software that can interact with their environment, receive data, and undertake simple tasks.
Since 2003, the company has been led by CEO Michael Haske, a 30-year veteran in the cloud software industry. Haske took over the role from Krista co-founder John Michelsen, who started the company in 2020. Michaelsen remains with the company as the Chief Product Officer and a board of directors member.
“Designed for simplicity and flexibility, Krista enables organizations to automate processes across multiple systems and streamline workflows with conversational ease—no coding required,” reads a description on the company’s website.
The latest funding round, led by Rally Ventures and Grotech Ventures, brought in new investors, Seyen Capital and 4S Bay Partners.
Krista’s February 4 press release says the cash infusion will support expanding research and development, improve the platform’s AI capabilities, “and strengthen its market position as a transformative AI solution for enterprises globally.”
“This additional investment reinforces Krista’s leadership in the AI automation space and positions the company for continued growth and innovation,” read the press release.
According to Krista, the funding will also help advance the company’s automation solutions and bring “innovative features” to its customers.
New York-based investment bank Jahani and Associates was Krista Software’s exclusive financial advisor for the Series A follow-on funding round.