About Clinc
Clinc is a company based in Ann Arbor (United States) founded in 2015 by Lingjia Tang.. Clinc has raised $59.5 million across 6 funding rounds from investors including eLab Ventures, Insight Partners and Drive Capital. Clinc offers products and services including Conversational AI Platform and Virtual Assistant. Clinc operates in a competitive market with competitors including Avaamo, Hyro, Figure Eight, Passage AI and MindMeld, among others.
- Headquarter Ann Arbor, United States
- Founders Lingjia Tang
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Sectors
Technology
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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
$59.5 M (USD)
in 6 rounds
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Latest Funding Round
$52 M (USD), Series B
May 20, 2019
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Investors
eLab Ventures
& 6 more
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Employee Count
Employee Count
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Products & Services of Clinc
Clinc offers a comprehensive portfolio of products and services, including Conversational AI Platform and Virtual Assistant. 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.
Platform for natural language processing in banking customer interactions.
Tool for automated banking queries and transactions via natural dialogue.
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Funding Insights of Clinc
Clinc has successfully raised a total of $59.5M across 6 strategic funding rounds. The most recent funding activity was a Series B round of $52 million completed in May 2019. 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 6
- Last Round Series B — $52.0M
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First Round
First Round
(01 Jul 2016)
- Investors Count 7
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| May, 2019 | Amount | Series B - Clinc | Valuation | Insight Partners | |
| Sep, 2017 | Amount | Grant - Clinc | Valuation |
investors |
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| Feb, 2017 | Amount | Series A - Clinc | Valuation | Drive Capital |
| 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 Clinc
Clinc has secured backing from 7 investors, including venture fund, institutional, and angel investors. Prominent investors backing the company include eLab Ventures, Insight Partners and Drive Capital. 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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Investment firm scaling software and technology companies from early to late stages.
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Founded Year | Domain | Location | |
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Venture capital firm focused on pre-seed and seed stage investments
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Founded Year | Domain | Location | |
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Early-stage venture capital is invested in Midwest technology startups.
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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 Clinc
| 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 - Clinc
| 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 |
Clinc Comparisons
Competitors of Clinc
Clinc 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 Avaamo, Hyro, Figure Eight, Passage AI and MindMeld, 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 |
Conversational AI platform for enterprises is provided by Avaamo.
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| domain | founded_year | HQ Location |
An AI-based conversational platform is provided for healthcare task automation.
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| domain | founded_year | HQ Location |
Offers AI training data, annotation, and services for enterprise AI development.
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| domain | founded_year | HQ Location |
A no-code platform for enterprise chatbot development is offered.
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| domain | founded_year | HQ Location |
Intelligent conversational interfaces are developed via the MindMeld platform.
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| domain | founded_year | HQ Location |
Web Data Intelligence
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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 Clinc
Frequently Asked Questions about Clinc
When was Clinc founded?
Clinc was founded in 2015 and raised its 1st funding round 1 year after it was founded.
Where is Clinc located?
Clinc is headquartered in Ann Arbor, United States. It is registered at Ann Arbor, Michigan, United States.
Is Clinc a funded company?
Clinc is a funded company, having raised a total of $59.5M across 6 funding rounds to date. The company's 1st funding round was a Series A of $6.3M, raised on Jul 01, 2016.
What does Clinc do?
Clinc was founded in 2015 in Ann Arbor, Michigan, United States, as an AI research lab. Focus is placed on open-source initiatives, with the Lucida platform offered for building intelligent assistants. Voice and vision-based systems are enabled for developers and the community, supporting applications in non-profit education and accessibility for the disabled. Operations center on machine learning tools to advance societal benefits.
What products or services does Clinc offer?
Clinc offers Conversational AI Platform and Virtual Assistant.
Who are Clinc's investors?
Clinc has 7 investors. Key investors include eLab Ventures, Insight Partners, Drive Capital, Hyde Park Venture Partners, and DFJ Growth.
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