About Presence AI
Presence AI is a company based in San Francisco (United States) founded in 2016 was acquired by Groupon in August 2019.. Presence AI has raised $120 thousand across 1 funding round from investors including Groupon, Techstars and Alexa Fund. Presence AI operates in a competitive market with competitors including Dialpad, Freshworks, Twilio, Sprinklr and Observe.AI, among others.
- Headquarter San Francisco, United States
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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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Funding Insights of Presence AI
Presence AI has successfully raised a total of $120K through 1 strategic funding round. The most recent funding activity was a Seed round of $120 thousand completed in July 2018. 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 Seed — $120,000
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First Round
First Round
(23 Jul 2018)
- Investors Count 2
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
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| Jul, 2018 | Amount | Seed - Presence 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 |
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Investors in Presence AI
Presence AI has secured backing from 3 investors, including venture fund and institutional investors. Prominent investors backing the company include Groupon, Techstars and Alexa Fund. 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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Startups are accelerated globally without sector restrictions through structured programs.
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Online marketplace offering deals on multi-category products and services
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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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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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Investments & Acquisitions by Presence 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 - Presence 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 |
Presence Ai Comparisons
Competitors of Presence AI
Presence 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 Dialpad, Freshworks, Twilio, Sprinklr and Observe.AI, 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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| domain | founded_year | HQ Location |
Cloud-based unified communication solutions including voice and video are provided.
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| domain | founded_year | HQ Location |
Cloud-based business process management suite solutions are delivered.
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| domain | founded_year | HQ Location |
Cloud-based omnichannel communication and customer engagement platform is utilized.
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| domain | founded_year | HQ Location |
Cloud-based customer experience management software is provided for brands.
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| domain | founded_year | HQ Location |
AI-powered conversation intelligence and automation are provided for contact centers.
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| domain | founded_year | HQ Location |
Tools for customer engagement across multiple channels are provided.
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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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Frequently Asked Questions about Presence AI
When was Presence AI founded?
Presence AI was founded in 2016 and raised its 1st funding round 2 years after it was founded.
Where is Presence AI located?
Presence AI is headquartered in San Francisco, United States. It is registered at San Francisco, California, United States.
Is Presence AI a funded company?
Presence AI is a funded company, having raised a total of $120K across 1 funding round to date. The company's 1st funding round was a Seed of $120K, raised on Jul 23, 2018.
What does Presence AI do?
Presence was founded in 2016 in San Francisco, United States, and operates in the AI sector focused on customer support tools. Smart virtual assistants are offered to handle interactions for businesses. Integration is enabled for customers and owners, with messages sent to owners only as needed. Compatibility is provided with Facebook Messenger, SMS, and Twitter platforms. Functions include scheduling services, booking calls, and detailing business offerings to users.
Who are the top competitors of Presence AI?
Presence AI's top competitors include Twilio, Freshworks and Dialpad.
Who are Presence AI's investors?
Presence AI has 3 investors. Key investors include Groupon, Techstars, and Alexa Fund.
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