About RecastAI
RecastAI is a company based in Paris (France) founded in 2015 was acquired by SAP in January 2018.. RecastAI has raised $1.14 million across 1 funding round from investors including SAP. RecastAI operates in a competitive market with competitors including Avaamo, Hyro, Figure Eight, Passage AI and MindMeld, among others.
- Headquarter Paris, France
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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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Funding Insights of RecastAI
RecastAI has successfully raised a total of $1.14M through 1 strategic funding round. The most recent funding activity was a Seed round of $1.14 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 Seed — $1.1M
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First Round
First Round
(24 Jun 2016)
- Investors Count Investors Count
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jun, 2016 | Amount | Seed - RecastAI | 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 RecastAI
RecastAI has secured backing from 1 investor, including institutional investors. Prominent investors backing the company include SAP. 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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Cloud and AI-based ERP software is offered for enterprises.
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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 RecastAI
| 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 - RecastAI
| 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 |
Recastai Comparisons
Competitors of RecastAI
RecastAI 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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Frequently Asked Questions about RecastAI
When was RecastAI founded?
RecastAI was founded in 2015 and raised its 1st funding round 1 year after it was founded.
Where is RecastAI located?
RecastAI is headquartered in Paris, France.
Is RecastAI a funded company?
RecastAI is a funded company, having raised a total of $1.14M across 1 funding round to date. The company's 1st funding round was a Seed of $1.14M, raised on Jun 24, 2016.
What does RecastAI do?
RecastAI was founded in 2015 and is headquartered in Paris, France. A platform for natural language processing and understanding is offered, enabling developers to incorporate conversational AI capabilities into their applications. Services include an API for building chatbots and handling user interactions. Operations focus on the AI and software development sector, supporting integrations across various platforms and apps.
Who are the top competitors of RecastAI?
Who are RecastAI's investors?
RecastAI has 1 investor. Key investors include SAP.