Conversica

AI-powered virtual assistants for business automation

San Mateo, California, United States

About Conversica

Conversica creates AI-powered virtual assistants that help businesses improve their operations, particularly in sales, marketing, and customer service. These assistants automate repetitive tasks such as reaching out to potential customers, following up on leads, and engaging with clients through email and text messages. The technology is built on a platform that uses natural language understanding and generation, allowing the AI to communicate in a way that feels more human-like. Unlike many competitors, Conversica operates on a subscription-based model, offering different service tiers that cater to various business needs, from basic automation to advanced features like deep learning and multi-language support. The goal of Conversica is to enhance customer engagement processes for businesses, making them more efficient and effective.

San Mateo, CaliforniaHeadquarters
2007Year Founded
$128.4MTotal Funding
SERIES_ECompany Stage
Consulting, Enterprise Software, AI & Machine LearningIndustries
51-200Employees

Risks

Emerging AI startups offering cheaper solutions could erode Conversica's market share.
Rapid AI advancements may render Conversica's offerings obsolete without quick innovation.
Data privacy concerns could impact Conversica's operations and client trust.

Differentiation

Conversica's AI Assistants offer human-like, two-way conversations enhancing customer engagement.
Integration with major platforms like Salesforce boosts Conversica's market adaptability.
Conversica's Contextual Response Generation provides a unique, brand-safe web chat experience.

Upsides

Conversica's dynamic AI conversations can increase sales conversions by up to 10x.
Recognition with 14 G2 Badges highlights strong market presence and customer satisfaction.
Partnership with Oracle enhances Conversica's credibility and market reach.

Funding

Total raised$128.40 M
Latest valuation$155.00 M
StageSERIES_E