About Conversable
Conversable is a company based in Austin (United States) founded in 2014 was acquired by LivePerson in October 2018. It operates as a AI-as-a-Service. Conversable has raised $2 million across 1 funding round from investors including LivePerson. Conversable offers products and services including Conversational AI Agents and AI Bots. Conversable operates in a competitive market with competitors including Gupshup, Sinch, LeadDesk, Ada and Avaamo, among others.
- Headquarter Austin, United States
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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
$2 M (USD)
in 1 rounds
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Latest Funding Round
$2 M (USD), Angel Round
Jun 01, 2016
- Investors
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Employee Count
Employee Count
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Acquired by
LivePerson
(Oct 01, 2018)
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Products & Services of Conversable
Conversable offers a comprehensive portfolio of products and services, including Conversational AI Agents and AI Bots. 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.
AI agents are provided for call support services.
AI bots are offered for inbound call assistance.
Funding Insights of Conversable
Conversable has successfully raised a total of $2M through 1 strategic funding round. The most recent funding activity was a Angel Round round of $2 million completed in June 2016. 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 1
- Last Round Angel Round — $2.0M
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First Round
First Round
(01 Jun 2016)
- Investors Count Investors Count
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jun, 2016 | Amount | Angel Round - Conversable | 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 Conversable
Conversable has secured backing from 1 investor. Prominent investors backing the company include LivePerson. 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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Conversational AI platform is provided for digital customer experiences.
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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 Conversable
| 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 - Conversable
| 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 |
Conversable Comparisons
Competitors of Conversable
Conversable 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 Gupshup, Sinch, LeadDesk, Ada and Avaamo, 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 |
Tools for customer engagement across multiple channels are provided.
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| domain | founded_year | HQ Location |
Provider of customer communications management platform
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| domain | founded_year | HQ Location |
Outbound calling software is offered by LeadDesk for sales automation.
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| domain | founded_year | HQ Location |
AI chatbots for customer experience automation are provided.
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| domain | founded_year | HQ Location |
Conversational AI platform for enterprises is provided by Avaamo.
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| domain | founded_year | HQ Location |
A no-code platform for enterprise chatbot development is offered.
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| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| 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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Frequently Asked Questions about Conversable
When was Conversable founded?
Conversable was founded in 2014 and raised its 1st funding round 2 years after it was founded.
Where is Conversable located?
Conversable is headquartered in Austin, United States. It is registered at Austin, Texas, United States.
Is Conversable a funded company?
Conversable is a funded company, having raised a total of $2M across 1 funding round to date. The company's 1st funding round was a Angel Round of $2M, raised on Jun 01, 2016.
What does Conversable do?
Conversable is focused on delivering conversational AI agents and bots. These solutions are designed for both outbound and inbound call support. The company operates within the technology sector, specifically targeting AI-driven customer interaction solutions. Services are tailored to enhance communication efficiency across various industries.
Who are the top competitors of Conversable?
What products or services does Conversable offer?
Conversable offers Conversational AI Agents and AI Bots.
Who are Conversable's investors?
Conversable has 1 investor. Key investors include LivePerson.