About ASAPP
ASAPP is a company based in New York (United States) founded in 2014.. ASAPP has raised $312.57 million across 3 funding rounds from investors including Fidelity Investments, Emergence Capital and Standard Industries. The company has 183 employees as of December 31, 2022. ASAPP offers products and services including GenerativeAgent, ASAPP Messaging, AutoTranscribe, AutoSummary, and AutoCompose. ASAPP operates in a competitive market with competitors including Dialpad, ActiveCampaign, Zendesk, Freshworks and Twilio, among others.
- Headquarter New York, United States
- Employees 183 as on 31 Dec, 2022
- Stage Unicorn
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Sectors
Technology
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Email
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Phone
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Website
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Social
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Annual Revenue
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Net Profit
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EBITDA
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Total Equity Funding
$312.57 M (USD)
in 3 rounds
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Latest Funding Round
$120 M (USD), Series C
Apr 30, 2021
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Investors
Fidelity Investments
& 13 more
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Employee Count
183
as on Dec 31, 2022
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Products & Services of ASAPP
ASAPP offers a comprehensive portfolio of products and services, including GenerativeAgent, ASAPP Messaging, AutoTranscribe, AutoSummary, and AutoCompose. The company's diverse product and service offerings are designed to meet the evolving needs of its customers, address market demands, and provide comprehensive solutions that drive value creation and customer satisfaction across various segments and use cases.
Autonomous AI for resolving customer issues via voice and chat.
AI-native tool for enhancing digital customer interactions.
Accurate speech-to-text for call transcriptions.
Generates summaries of customer interactions automatically.
Automates responses to improve agent productivity.
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Funding Insights of ASAPP
ASAPP has successfully raised a total of $312.57M across 3 strategic funding rounds. The most recent funding activity was a Series C round of $120 million completed in April 2021. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
- Total Funding Total Funding
- Total Rounds 3
- Last Round Series C — $120.0M
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First Round
First Round
(15 Dec 2015)
- Investors Count 14
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Apr, 2021 | Amount | Series C - ASAPP | Valuation | Fidelity Investments , Dragoneer Investment Group | |
| May, 2020 | Amount | Series B - ASAPP | Valuation | Emergence Capital , Telstra Ventures | |
| Dec, 2015 | Amount | Series A - ASAPP | Valuation |
investors |
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| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in ASAPP
ASAPP has secured backing from 14 investors, including venture fund, institutional, and angel investors. Prominent investors backing the company include Fidelity Investments, Emergence Capital and Standard Industries. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
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Tech focused Early and growth stage VC firm investing in the US
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Founded Year | Domain | Location | |
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Venture capital firm investing in multiple sectors
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Founded Year | Domain | Location | |
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Venture capital firm backed by Telstra
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Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Founded Year | Domain | Location | |
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Venture capital is directed toward companies in multiple sectors.
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Founded Year | Domain | Location | |
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
Investments & Acquisitions by ASAPP
| Company Name | Description | Domain | Location | Founded Year | Amount |
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
Financial Statements - ASAPP
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Asapp Comparisons
Competitors of ASAPP
ASAPP operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as Dialpad, ActiveCampaign, Zendesk, Freshworks and Twilio, among others. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Cloud-based unified communication solutions including voice and video are provided.
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| domain | founded_year | HQ Location |
Sales, CRM, and email marketing automation software is provided.
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| domain | founded_year | HQ Location |
Cloud-based customer service platform is offered for business engagement.
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| domain | founded_year | HQ Location |
Cloud-based business process management suite solutions are delivered.
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| domain | founded_year | HQ Location |
Cloud-based omnichannel communication and customer engagement platform is utilized.
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| domain | founded_year | HQ Location |
AI-powered customer experience automation solutions are provided by Verint.
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| Company Name | Domain | Founded year | HQ Location | Description |
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| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Latest news on Asapp
Frequently Asked Questions about ASAPP
When was ASAPP founded?
ASAPP was founded in 2014 and raised its 1st funding round 1 year after it was founded.
Where is ASAPP located?
ASAPP is headquartered in New York, United States. It is registered at New York, New York, United States.
Who is the current CEO of ASAPP?
Priya Vijayarajendran is the current CEO of ASAPP.
Is ASAPP a funded company?
ASAPP is a funded company, having raised a total of $312.57M across 3 funding rounds to date. The company's 1st funding round was a Series A of $7.57M, raised on Dec 15, 2015.
How many employees does ASAPP have?
As of Dec 31, 2022, the latest employee count at ASAPP is 183.
What does ASAPP do?
AI based customer experience management platform. It provides solutions for customer service agents. The products include a self learning engine and applied research solution. The AI platform guide agents in the customer services and allows automating routine tasks with real time augmentation. It creates AI solutions that solve the toughest problems in customer service. The solutions are purpose built for CX on a core of native AI to enhance contact center capacity. It offer a range of automation solutions, including an AI agent that autonomously and safely resolves complex customer interactions, over voice or chat.
Who are the top competitors of ASAPP?
ASAPP's top competitors include Twilio, Freshworks and Dialpad.
What products or services does ASAPP offer?
ASAPP offers GenerativeAgent, ASAPP Messaging, AutoTranscribe, AutoSummary, and AutoCompose.
Who are ASAPP's investors?
ASAPP has 14 investors. Key investors include Fidelity Investments, Emergence Capital, Standard Industries, March Capital, and Telstra Ventures.
What is ASAPP's valuation?
The valuation of ASAPP is $1.6B as of Apr 2021.
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