Chatbots – Market Updates 51; week-ending 14th April 2017

ENIAC VENTURES RAISES US$100M FUND AND HAS SIGHTS ON CHATBOTS Eniac Ventures has a new $100 million venture fund, the fourth since the group formed in 2009. The seed-stage firm plans to use the money to invest in augmented reality, Learn more

Chatbots – Market Updates 48; week-ending 24th March, 2017

DEMISTO CHATBOT RAISES US$26m VENTURE FUNDING  Demisto has successfully raised US$26m having closed a Series B round for $20m involving ClearSky, Accel Partners, and Slack Fund. The Demisto Chatbot involves cyber security incident services, which includes: * Automating alert triage Learn more

Chatbots – Market Updates 46; week-ending 10th March, 2017

CHATBOT MARKET GROWTH GAINS MOMENTUM A Big Market Research study forecasts the global Chatbot market is expected to grow at a CAGR (compound annual growth rate) of 37.11% during the period 2017-2021. CHATBOT LAWYER NOW FOCUSES ATTENTION ON REFUGEES The Learn more

Chatbots – Market Updates 45; week-ending 3rd March, 2017

REGTECH IS A FERTILE MARKET FOR CHATBOTS  RegTech is the emerging market for combing technology and innovation to deliver greater efficiency and transparency into regulatory, compliance, risk and audit capabilities, which leads to improvements to customer value and operational productivity. Learn more

Chatbots – Market Updates 44; week-ending 24th February, 2017 SECURES US$1.5n FUNDING has secured its first seed funding of $1.5M from Glilot Capital Partners, a venture capital fund specializing in Enterprise Software that was recently ranked as the 3rd best preforming fund in the world (according to Preqin). Learn more

Chatbots – Market Updates 43; week-ending 17th February, 2017

GROWBOT RAISES US1.7m based on a CHATBOT SUBSCRIPTION MODEL  Growbot has raised US$1.7m in 2 rounds from 4 investors: Slack, General Catalyst, Inventus Capital Partners and XSeed Capital. Growbot is a professional support Chatbot that provides a way for employees to give and receive feedback. As it learns the behaviour of an employee it provides personalized Learn more

Chatbots – Market Updates 42; week-ending 10th February, 2017

DEMISTO RAISES US26m for CHATBOT SPECIALIST N SECURITY  Demisto has secured US$20m Series B funding for their DBot that helps automate security operations centers. Combined with their earlier funding, this takes their total funding to US$26m. DBot is integrated into Learn more

Chatbots – Market Updates 41; week-ending 3rd February, 2017

LONDON CHATBOT START-UP RAISES US$700,000 Cleo, the London-based Chatbot FinTech startup, was incorporated in November 2015 to help consumers manage their money more effectively. They have now raised a first round of US$700,000 from eight angel investors, one of which Learn more

Chatbots – Market Updates 40; week-ending 27th January, 2017

PYPESTREAM CHATBOT RAISES US$7.46m  Pypestream provides a Chatbot for customer engagement so businesses can have smarter interactions with their customers. This is an enterprise solution for personalized dialogue. US$7.46m seed capital has been raised in 3 rounds with the latest Learn more

Chatbots – Market Updates 39; week-ending 20th January, 2017

AI BECOMING A DOMINENT ENTERPRISE TECHNOLOGY FROM 2017 ONWARDS Rage Frameworks published a report called “Can Artificial Intelligence Deliver for Today’s Enterprise?” based on a survey of business executives. 82% of executives intend to use AI as a competitive differentiator Learn more