About Passage AI
Passage AI is a Technology company based in Mountain View (United States) founded in 2016, and was acquired by ServiceNow in January 2020. A no-code platform for enterprise chatbot development is offered. Passage AI has raised $13.3 million across 4 funding rounds from investors including ServiceNow, TechFounders and Blumberg Capital. Its focus areas include High Tech, Natural Language Processing, NLP Platforms and Conversational AI. Its competitors include Gupshup, Hyro and Avaamo; 3 of its 3 listed competitors have raised funding.
Company details
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.
- Headquarters Mountain View, United States
- Stage Acquired
- SectorsTechnology
- Website passage.ai
- Social LinkedIn X Facebook
- Acquired by ServiceNow (Jan 2020)
- Total Equity Funding$13.3M (USD)
in 4 rounds
- Latest Funding Round$28.27K (USD), Grant
Jun 2019
- InvestorsServiceNow
& 10 more
- Acquired byServiceNow
(Jan 2020)
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 $13.3M
- Total Rounds 4
- Last Round Grant — $28,274
- First Round $3M
(Sep 2017)
- Investors Count 10
All 4 funding rounds of Passage AI with amounts and investors; the two latest post-money valuations are shown, the rest are part of the premium plan.
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jun 2019 | $28,274 | Grant | – | – | |
| May 2018 | $7.3M | Series A | – | Blumberg Capital | |
| Sep 2017 | $3M | Seed | – | – | |
| Sep 2017 | $3M | Seed | – | Engineering Capital, Storm Ventures | – |
11 investors in total: 11 institutional.
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.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
TechFounders is engaged in fostering partnerships between corporates and startups. | techfounders.com | |||
Venture capital firm investing in early and growth stage technology companies. | blumbergcapital.com | |||
Venture capital fund focused on multiple sectors | stormventures.com | Menlo Park, United States | ||
Seed-stage US tech companies are invested in by Engineering Capital. | engineeringcapital.com | Mountain View, United States | ||
Venture capital investments are provided to innovative founders. | 112capital.com | San Francisco, United States | ||
Seed-stage US tech companies are invested in by Seabed VC. | seabed.vc | Saratoga, United States | ||
VC firm investing in the US | milliwaysventures.com | Los Altos, United States | ||
Tech focused VC firm investing in the US & Israel | array.vc | San Francisco, United States | ||
Venture capital firm focused on tech sectors | neotribe.vc | Menlo Park, United States | ||
Legal services are provided by Gunderson Dettmer for ventures. | gunder.com | Redwood City, United States |
Investor details for Passage AI
The complete investor list, round-by-round participation and investor portfolios require an active premium plan.
- Complete investor list
- Round participation
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Timeline of Passage AI
4 dated milestones of Passage AI across 4 years, from founding to its latest funding, stage changes and deals.
- Founded Passage AI is founded.
- Funding First funding round of $3.0M.
- Funding Latest funding round, Grant, of $28K.
- Exit Acquired by ServiceNow.
Competitors of Passage AI
Passage AI has 3 listed competitors in our database, 3 of them funded. They include Gupshup, Hyro and Avaamo.
| Company Name | Domain | Founded | HQ Location | Total funding | Employees | Description |
|---|---|---|---|---|---|---|
| gupshup.io | 2004 | San Francisco, United States | $544.34M | 935 | Tools for customer engagement across multiple channels are provided. | |
| hyro.ai | 2014 | New York, United States | $114.6M | An AI-based conversational platform is provided for healthcare task automation. | ||
| avaamo.ai | 2014 | Los Altos, United States | $22.57M | 118 | Conversational AI platform for enterprises is provided by Avaamo. |
Detailed competitors of Passage AI
The full competitor set, operating metrics and side-by-side benchmarks require an active premium plan.
- Full competitor set
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Top companies in Chatbots
3 companies that operate in the same segment as Passage AI (Chatbots) in United States, ranked by their profile score on The Company Check.
| Company | Description | Founded | Location | Total funding | Revenue | Employees |
|---|---|---|---|---|---|---|
Cloud-based omnichannel communication and customer engagement platform is utilized. | 2008 | San Francisco, California, United States | USD 239.77 M | USD 5.07 B | 5,540 | |
Cloud-based business process management suite solutions are delivered. | 2010 | San Mateo, California, United States | USD 400.05 M | USD 838.81 M | 4,500 | |
Sierra is focused on enhancing customer experiences through AI technology. | 2023 | San Francisco, California, United States | USD 1.59 B | 1,107 |
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Frequently Asked Questions about Passage AI
Passage AI was founded in 2016 and raised its 1st funding round 1 year after it was founded.
Passage AI is headquartered in Mountain View, United States. It is registered at Mountain View, California, United States.
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 2017.
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.
Passage AI has 11 investors. Key investors include ServiceNow, TechFounders, Blumberg Capital, Storm Ventures, and Engineering Capital.
Yes. Passage AI was acquired by ServiceNow in January 2020.