The Series B funding will help the company with hiring, product development and expansion into more enterprise deployments, according to a Wednesday (Sept. 3) press release.

While the company did not share its valuation, a report by Reuters cited unnamed sources who said HappyRobot is now valued at $500 million.

A wave of venture investment into AI firms has raised concerns about possible saturation and increased competition for the companies, the report said.

HappyRobot is hoping its in-house tech and logistics expertise help separate it from general-purpose AI voice startups such as ElevenLabs, according to the report.

“Being verticalized” gives the company an advantage over more general-purpose competitors who might be “clueless about the operations and the intricacies of these industries,” said HappyRobot co-founder and CEO Pablo Palafox, per the report.

Launched 18 months ago, the company has more than 70 enterprise customers, including DHL, Ryder, Schneider and Werner, which use HappyRobot for tasks such as appointment scheduling, collections and outbound sales, according to the press release.

“The early results are clear: AI workers aren’t just cutting costs — they’re unlocking new revenue opportunities, increasing visibility and freeing teams to focus on strategic, relationship-driven work,” the release said.

HappyRobot’s AI operating system combines “real-time truth,” specialized AI workers, and an orchestrating intelligence to manage “complex, mission-critical work,” starting with supply chain and industrial-scale operations, per the release.

The goal is to help enterprises operate with speed and ongoing improvement, “while humans focus on higher-value work,” the release said

The PYMNTS Intelligence report “The Agentic Trust Gap: Enterprise CFOs Push Pause on Agentic AI” found that 15% of chief financial officers surveyed are even considering putting agentic AI to work, with most still in the early evaluation stage.

“This contrasts with the surging adoption of generative AI, which CFOs are increasingly using for tasks like content creation, customer service, coding and data analysis,” PYMNTS wrote Aug. 15. “The report shows generative AI’s deployment for product and service innovation up 21% and for spotting fraud and errors up 31% since March 2024.”

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The effort is designed to offer new opportunities to integrate tokenized stocks and exchange-traded funds (ETFs) “across the world’s most widely adopted smart contract network,” according to a Tuesday (Sept. 2) Kraken blog post.

“Ethereum’s vibrant developer community, deep liquidity and global user base make it a natural home for the next phase of xStocks’ expansion,” the post said. “By extending Kraken’s support of xStocks to Ethereum, we’re enabling millions of Ethereum users and thousands of live applications to source the industry standard for tokenized equities liquidity.”

In the weeks ahead, eligible Kraken clients will be permitted to deposit and withdraw xStocks directly on Ethereum, which offers investors greater choice and flexibility to transfer assets between Kraken and self-custodial wallets for on-chain activity, per the post.

Kraken announced in late June that it started offering tokenized U.S. stocks and ETFs on its platform for eligible non-U.S. clients, thanks to xStocks.

Kraken co-CEO Arjun Sethi said in the blog post that xStocks is a key component in Kraken’s efforts to bring traditional assets “onto trust-minimized infrastructure” while integrating public markets with the internet’s base layer.

“Our multi-chain strategy is deliberate,” he said in the post. “It ensures tokenized equities are accessible across ecosystems, portable between wallets and protocols, and composable within the applications users already trust. Ethereum is the next logical step. It is the center of gravity for smart contract innovation, on-chain liquidity and decentralized finance. By launching xStocks on Ethereum, we are making tokenized equities programmable, interoperable and continuously accessible to builders and institutions worldwide.”

PYMNTS explored the world of tokenized stocks earlier this summer following Kraken’s initial launch of xStocks and Robinhood’s tokenized stock announcement. Soon after, the news broke that JPMorgan Chase was developing a new service to tokenize carbon credits.

“While the initiatives may appear distinct, ranging from environmental credits to fractionalized equity exposure, the connective tissue is the same,” PYMNTS wrote July 3. “Moving traditional financial services onto the blockchain.”

“They have white labeled premium products or materials for highly purchased categories like athletic wear. They also have established exclusive partnerships with athletic companies to carry products on online storefronts like Nike. This has enabled Amazon to be the easiest platform for customers to buy and return products. More and more customers are using Amazon as a one-stop search engine versus going to each of their brand’s websites individually.”
—Amrita Bhasin, CEO of reverse logistics company Sotira on Amazon’s dominance in apparel

“Over 90% of U.S. adults use debit, yet most brands don’t reward that spend. Galileo’s Co-branded Debit Card changes that. Our API-first platform simplifies the tech stack and accelerates time to market
—Derek White, CEO of Galileo, from “Rethinking Rewards With a Loyalty Platform for the Debit Generation”

“Instead of click to buy, we are moving to ‘code to buy.’ Agents are nothing more than lines of code. Making sure that code is tied to the right consumer, with clear consent parameters, is essential to building trust.”
—Trulioo CEO Vicky Bindra on his firm’s new agentic AI collaboration with Worldpay

“Strip away the digital tools (which are mostly mobile), and what you find underneath is remarkably familiar: Young people want to build credit, save money, buy things with the least amount of friction, stay healthy, go to concerts and watch movies, and connect with friends.”
—From July’s “The Gen Z Decoder Ring,” by PYMNTS Intelligence

“Obviously, 0% transactions are somewhat less profitable for us. They’re still profitable … but the interest income that comes in interest-bearing loans is obviously more profitable … the experience using Affirm is so positive, they do convert to interest-bearing users just fine, and come back to us for many other things than just ‘zeroes.’”
—Affirm CEO Max Levchin on whether consumers embracing the 0% APR offerings shift to repeat usage

“Some firms attempt to absorb the costs, reducing profitability to preserve customer loyalty. Others trim product assortments, cutting lower-margin items from shelves. A few attempt to differentiate with premium offerings that justify higher prices. Even those face resistance as those who serve the consumer find middle-income consumers cutting back. This strategy is not sustainable. Businesses cannot lose money indefinitely. At some point, they must either raise prices more aggressively or thin product selection. Both choices carry risks. Higher prices may further dampen demand. Fewer products may reduce consumer choice and weaken competitive positioning.”
—PYMNTS CEO Karen Webster on tariffs from “Tariffs. Who Really Pays.”

“This isn’t a world where you can go and say, ‘I have a North Star in mind. I’m going to take the next four years to get there,’ because in four years, the landscape will look radically different than it does today in terms of consumer behavior and consumer expectations.”
—Matt Swatzell, head of Solutions, North American Acceptance at Visa, commenting on the “Rise of the Mobile-First Shopper” series.