Hotline: 1800 102 2007
Hotline: 1800 102 2007
Jun, 28 2018

Frontdesk AI raises $1.1 mn funding from Speciale Invest, Bay Area AI's

FrontDeskAI has its core technology team and customer success team based in Bengaluru with about 15 members.

Frontdesk AI raises $1.1 mn funding from Speciale Invest, Bay Area AI's

Artificial intelligence based startup, Frontdesk AI has raised USD 1.1 million funding from Speciale Invest and a group of angel investors from the Bay Area.

A Palo Alto-based AI Firm Founded in 2017 by Srivatsan Laxman and Supriya Rao, Frontdesk AI offers an automated, full-service backup receptionist solution via messaging and voice.

The company has launched its services in the beauty and wellness industry and is looking to expand into the dental market, the company said in a statement.

"Our core technology breakthrough is a powerful new AI framework for learning deep contextual natural language models over constantly evolving (and growing) conversational spaces," Srivatsan, co-founder and CEO at Frontdesk AI, said.

He added that the company's platform has handled over 60,000 calls so far, converting nearly a third of those into revenue-generating transactions worth well over a million dollars in revenue for customers.

FrontDeskAI has its core technology team and customer success team based in Bengaluru with about 15 members.

While its immediate target market is the US, India market is part of the long-term strategy as AI-based customer support technology adoption grows.

Speciale Invest is a USD 15 million seed stage fund managed by Vishesh Rajaram (Managing Partner) and Arjun Rao (Partner).

The fund invests in seed stage start-ups (investing about USD 100,000-500,000) in areas like enterprise software as a service (SaaS), health-tech, fin-tech, Internet of Things, AR/VR etc. It has invested in startups like iAuro Systems, TotalCloud and Scapic.

sharebtn
Comment
user
email
mobile
address
star
Related opportunities
  • Furniture/Home Decor & Furnishing
    About Us: Launched in 2014, HomeLane India Private Limited offers end-to-end Home..
    Locations looking for expansion Karnataka
    Establishment year 2014
    Franchising Launch Date 2016
    Investment size Rs. 1 Cr. - 2 Cr
    Space required 3000
    Franchise Outlets -NA-
    Franchise Type Unit
    Headquater Bengaluru Karnataka
  • About Us: Siyaram’s Silk Mills Limited are committed to the promise..
    Locations looking for expansion Maharashtra
    Establishment year 1978
    Franchising Launch Date 2006
    Investment size Rs. 20lac - 30lac
    Space required 500
    Franchise Outlets -NA-
    Franchise Type Unit
    Headquater Mumbai City Maharashtra
  • Women's Clothing
    About Us: Vajor came into being in 2014 with a very..
    Locations looking for expansion Delhi
    Establishment year 2012
    Franchising Launch Date 2018
    Investment size Rs. 20lac - 30lac
    Space required 800
    Franchise Outlets -NA-
    Franchise Type Unit
    Headquater New delhi Delhi
  • Others Food Service
    About Us: Donper Quickly brings you the opportunity of Icecream, thickshake..
    Locations looking for expansion Andhra pradesh
    Establishment year 1975
    Franchising Launch Date 2012
    Investment size Rs. 2lac - 5lac
    Space required 50
    Franchise Outlets -NA-
    Franchise Type Unit, Multiunit
    Headquater Krishna Andhra pradesh
Insta-Subscribe to
Entrepreneur
Magazine
sme-80x109
For hassle free instant subscription, just give your number and email id and our customer care agent will get in touch with you
email
mobile
OR Click here to Subscribe Online
Daily Updates
Submit your email address to receive the latest updates on news & host of opportunities