About Passage AI
Passage AI is a company based in Mountain View (United States) founded in 2016 was acquired by ServiceNow in January 2020.. Passage AI has raised $13.3 million across 4 funding rounds from investors including ServiceNow, TechFounders and Blumberg Capital. Passage AI operates in a competitive market with competitors including Gupshup, Sinch, LeadDesk, Hyro and Ada, among others.
- Headquarter Mountain View, 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
$13.3 M (USD)
in 4 rounds
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Latest Funding Round
$28.27 K (USD), Grant
Jun 11, 2019
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Investors
ServiceNow
& 10 more
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Employee Count
Employee Count
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Acquired by
ServiceNow
(Jan 28, 2020)
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Funding Insights of Passage AI
Passage AI has successfully raised a total of $13.3M across 4 strategic funding rounds. The most recent funding activity was a Grant round of $28.27 thousand completed in June 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 4
- Last Round Grant — $28,274
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First Round
First Round
(27 Sep 2017)
- Investors Count 10
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jun, 2019 | Amount | Grant - Passage AI | Valuation |
investors |
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| May, 2018 | Amount | Series A - Passage AI | Valuation | Blumberg Capital | |
| Sep, 2017 | Amount | Seed - Passage AI | Valuation |
investors |
| 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 Passage AI
Passage AI has secured backing from 11 investors, including venture fund and institutional investors. Prominent investors backing the company include ServiceNow, TechFounders and Blumberg 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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TechFounders is engaged in fostering partnerships between corporates and startups.
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Founded Year | Domain | Location | |
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Venture capital firm investing in early and growth stage technology companies.
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Founded Year | Domain | Location | |
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Venture capital fund focused on multiple sectors
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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 Passage AI
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Bionic investment advisor platform
|
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 - Passage AI
| 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 |
Passage Ai Comparisons
Competitors of Passage AI
Passage 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 Gupshup, Sinch, LeadDesk, Hyro and Ada, 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 |
An AI-based conversational platform is provided for healthcare task 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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| 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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Latest news on Passage Ai
Frequently Asked Questions about Passage AI
When was Passage AI founded?
Passage AI was founded in 2016 and raised its 1st funding round 1 year after it was founded.
Where is Passage AI located?
Passage AI is headquartered in Mountain View, United States. It is registered at Mountain View, California, United States.
Is Passage AI a funded company?
Passage AI is a funded company, having raised a total of $13.3M across 4 funding rounds to date. The company's 1st funding round was a Seed of $3M, raised on Sep 27, 2017.
What does Passage AI do?
Passage AI was founded in 2016 and is based in Mountain View, United States. The company operates in the artificial intelligence sector, focusing on chatbot solutions. A deep learning-powered NLP engine is utilized to enable code-free chatbot creation across multiple languages. An analytics dashboard is included for performance tracking. Applications span marketing, customer support, and enterprise automation, supporting mobile and smart home devices.
Who are the top competitors of Passage AI?
Who are Passage AI's investors?
Passage AI has 11 investors. Key investors include ServiceNow, TechFounders, Blumberg Capital, Storm Ventures, and Engineering Capital.
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