201907 May

Hubtype raises $1.1M to help developers build richer chat support –

Summary

Furthermore, enterprise companies need integration with other APIs and systems, from back-end inventory and order tracking to booking engines, analytics, NLP services and more.” They argue that orchestrating all these different elements can be “extremely difficult and time-consuming” for businesses lacking a dedicated tech team to handle building and maintaining smooth chat-based customer interactions. That’s where Hubtype sees an opportunity to elbow in, starting with a b2b focus but aiming to tilt fully at developers over the long term. “We’re currently a b2b company and our target customers are enterprise-level companies mainly in banking, insurance and e-commerce/retail,” the co-founders note, adding: “Eight out of more than 20 customers are in the Forbes Global 2000 List, with some ranking in the top 20 such as Volkswagen, Inditex, HP, and Bankia.” “With this funding round we’re investing in further developments of our framework, including AI capabilities which will allow clients to train their chatbot in one language and roll out automatically in about 100 languages. Asked about the competitive landscape, Hubtype names Accel-backed Rasa as an “AI centric” bot-builder framework rival with a similar “bottom up” focus on marshalling developers to build adoption. Additionally, we aggregate more messaging channels than all or most competitors.” Commenting on the seed raise in a statement, Jaime Novoa, associate at K Fund, added: “The chatbot industry has undergone a major transformation from text to conversational apps, and Hubtype is leading enterprise companies to build the best customer experiences in a scalable way by using automation.

Source: Techcrunch

Funding

$1.6M
Amount
May 07 2019
Date
-
Investor
Hubtype
Company

Classifications

Companies