About boost.ai
boost.ai is a company based in Stavanger (Norway) founded in 2016 by Tommy Ellingsen, Henry Vaage Iversen, Lars Selsas, and Hadle Selsas.. boost.ai has raised $5 million across 2 funding rounds from investors including Alliance Venture. boost.ai offers products and services including Conversational AI Platform, Chat Automation, Voice Call Automation, and Generative AI. boost.ai operates in a competitive market with competitors including Sinch, LivePerson, ASAPP, Hyro and EliseAI, among others.
- Headquarter Stavanger, Norway
- Founders Tommy Ellingsen, Henry Vaage Iversen, Lars Selsas, Hadle Selsas
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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
$5 M (USD)
in 2 rounds
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Latest Funding Round
$100 M (USD), Debt – Conventional
Feb 17, 2021
- Investors
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Employee Count
Employee Count
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Products & Services of boost.ai
boost.ai offers a comprehensive portfolio of products and services, including Conversational AI Platform, Chat Automation, Voice Call Automation, and Generative AI. 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.
Automates customer service interactions via chat and voice.
Enables seamless chat-based customer support for enterprises.
Handles voice interactions using AI for efficient support.
Personalizes customer experiences through advanced AI generation.
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Funding Insights of boost.ai
boost.ai has successfully raised a total of $5M across 2 strategic funding rounds. The most recent funding activity was a Debt – Conventional round of $100 million completed in February 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 2
- Last Round Debt – Conventional — $100.0M
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First Round
First Round
(15 Feb 2018)
- Investors Count 1
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
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| Feb, 2021 | Amount | Debt – Conventional - boost.ai | Valuation |
investors |
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| Feb, 2018 | Amount | Series A - boost.ai | Valuation | Alliance Venture |
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| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
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| 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 boost.ai
boost.ai has secured backing from 1 investor, including venture fund investors. Prominent investors backing the company include Alliance Venture. 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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Venture capital firm focused on early-stage tech companies
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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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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 boost.ai
| 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 - boost.ai
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
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| 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 |
Boost.Ai Comparisons
Competitors of boost.ai
boost.ai 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 Sinch, LivePerson, ASAPP, Hyro and EliseAI, 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 |
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Provider of customer communications management platform
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| domain | founded_year | HQ Location |
Conversational AI platform is provided for digital customer experiences.
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| domain | founded_year | HQ Location |
AI-based customer experience solutions for service agents are provided.
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An AI-based conversational platform is provided for healthcare task automation.
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Conversational AI platforms are provided for housing and healthcare automation.
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| domain | founded_year | HQ Location |
Conversational AI platform for enterprises is provided by Avaamo.
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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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On-demand services are booked through an app-based platform.
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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 Boost.Ai
Frequently Asked Questions about boost.ai
When was boost.ai founded?
boost.ai was founded in 2016 and raised its 1st funding round 2 years after it was founded.
Where is boost.ai located?
boost.ai is headquartered in Stavanger, Norway. It is registered at Stavanger, Rogaland, Norway.
Who is the current CEO of boost.ai?
Jerry Haywood is the current CEO of boost.ai.
Is boost.ai a funded company?
boost.ai is a funded company, having raised a total of $5M across 2 funding rounds to date. The company's 1st funding round was a Series A of $5M, raised on Feb 15, 2018.
What does boost.ai do?
Provider of an AI-based virtual assistant platform for customer support and engagement. Its natural language processing algorithms enable the virtual assistants to understand what users are asking about, even if they use slang or dialects, or have made spelling mistakes. It features multilingual support and can also be equipped with speech enabling customers to talk rather than text. It comes with pre-equipped modules such as banking, insurance, telecom, public administration, retail, transportation, and HR. It can also be integrated with existing CRM systems.
Who are the top competitors of boost.ai?
boost.ai's top competitors include Sinch, LivePerson and ASAPP.
What products or services does boost.ai offer?
boost.ai offers Conversational AI Platform, Chat Automation, Voice Call Automation, and Generative AI.
Who are boost.ai's investors?
boost.ai has 1 investor. Key investors include Alliance Venture.