ApplicateAI is on the verge of raising $30 million
Reports suggest that ApplicateAI is in talks with the Venture Capitals to raise a hefty amount of $30 million. And it is important to note that the company has already raised $2 million in its pre-series A funding round.
ApplicateAI is an Indian startup that is basically a sales enablement and a B2B platform. The company believes that artificial intelligence is a disruptive technology that can revolutionize the world. This is the reason the major focus of the company is on AI-powered solutions to the sales and business-to-business platforms.
The solutions provided by ApplicateAI are employed by the sales teams of different companies to outshine the efforts of human beings. Because it is nearly impossible for normal human beings to match the efficiency of artificially intelligent robots and machines. The company has already raised $2 million in pre-series A round from angel investors. And the details suggest that the company is pursuing funds to increase its scalability and strengthen its business development team.
The company came to the limelight in 2014. And, since then, it has expanded very quickly across the continents. And currently, ApplicateAI has customers in 16 countries including the UK, the US, Spain, and Belgium as well as 275,000 customers.
Moreover, the main product of the company, which empowered and took it to the next level, is the AI Supervisor. It is an AI-powered bot that assists, guides, and supervises salespersons. It has benefitted businesses, including e-commerce, in many different ways.
Similarly, there are a number of other departments in which AI has massively helped. Think of anything, any field, and artificial intelligence will be there to help you out. Be it the climate change, agriculture sector, healthcare sector, or education sector, AI has provided robust solutions in every field.