Evabot secures fresh capital to inject AI into corporate gifting – TechCrunch
Summary
In fact, theres a cottage industry of gifting-as-a-service startups that promise to streamline the task, ranging from companies such as Reachdesk and &Open to Sendoso and Goody. Vendors claim their industry is a profitable one (worth an estimated $258 billion) because the evidence suggests corporate gifting works. In one recent survey, companies cited the inability to purchase from multiple brands, managing inventory and storage, and the limited range of products as their top challenges where it concerned gifting.Evabot itself is a vendor. But Gupta asserts that the companys AI-driven approach, which uses a chatbot to poll potential gift recipients about their likes, preferences and lifestyles to personalize presents, is more effective than most.Investors agree. Gupta said that the proceeds will be used to scale Evabots operations, product development and growth, as well as its investments in AI to build fully automated gifting experiences.Every enterprise wants to really know their
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