Tracxn - Chatbots Startup Landscape

Copyright © 2018, Tracxn Technologies Private Limited. All rights reserved.Feed Report - Chatbots - Jan 2018
Contents
Feed Summary
Investment Trends
Market Details
Exit Outlook
Investors
News
Appendix
2
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Contents
Feed Summary
Investment Trends
Market Details
Exit Outlook
Investors
News
Appendix
3
Feed Summary
Investment Trend Summary
Exit Outlook Summary
BlueBox
Summary of Key Markets
Notable Companies in the Sector
Recent News

Note: Mega Companies includes IPO’d companies, Mega Acquisitions and Unicorn. Data is taken from Tracxn Platform as on January 8, 2018.
Chatbots Feed Summary
4
Chatbots > Feed Summary
Chatbots are online entities that provide natural language chat (usually text, and sometimes voice) solutions to enterprises and
consumers. These solutions utilize natural language processing (NLP – a form of artificial intelligence) to understand natural language
queries and respond in natural language (either generated or scripted).
• Inclusions: Companies which provide automated chat-
based enterprise or consumer applications and
development platforms.
• Exclusions: Companies which provide chat based
assistance by using human agents.
• Excludes funding information of Chinese companies
Feed in Numbers
Overview
$1B
Funding
6
Mega
Companies
2451001
FundedCovered on
Tracxn
-
Unicorns
3
Soonicorns
37
Minicorns
3
IPO’d Cos
55
Late Stage Cos
4
3
Acquisitions
65
DeadPooled
28
Acquihired
Series A+ Cos
Kasisto
(2013, Menlo Park, $28.5M)
Top Companies
Interactions
(2004, Franklin, $167M)
Gupshup
(2006, Mumbai, $45M)

54 70
186
444
116
2013 2014 2015 2016 2017
Y-o-Y # of Companies Founded
$75M $71M
$128M
$231M
$313M
2013 2014 2015 2016 2017
$ Funding # Rounds
Investment Trend Summary
Summary of Funding Activity in Chatbots
5
$63.6M - Series D
Interactions (2004, Franklin, $167M)
$15M - Series A
Pypestream (2015, New York City, $25M)
$35M - Series D
WorkFusion (2010, New York City, $71M)
$14M - Series A
Ozlo (2013, Palo Alto, $14M)
$23M - Series B
x.ai (2014, New York City, $50M)
$12.6M - Series B
Inbenta (2005, Barcelona, $15M)
$20M - Series B
Spoke (2016, San Francisco, $28M)
$12.4M - Series B
Semantic Machines (2014, San Francisco,
$12M)
$17M - Series B
Kasisto (2013, Menlo Park, $29M)
$11.6M - Series A
Clara (2014, San Francisco, $12M)
Top Geos of InvestmentEntrepreneurial Activity Global Funding Trend
Chatbots > Feed Summary > Investment Trend Summary
Seed Y Combinator (#9), Betaworks (#7), Eniac Ventures (#4)
Series A/B Accel Partners (#2), Felicis Ventures (#2), Fenox Venture Capital
(#2)
Series C+
Comcast Ventures (#1), Georgian Partners (#1), Nokia Growth
Partners (#1)
Incubators 500 Startups (#15) Techstars (#7) Boost VC (#4)
Other Notable
Investors
Slack (#7), Startupbootcamp (#6), Plug and Play Tech Center (#3)
Most Active InvestorsRecent Investments
16 32 56 99 87
$739M
$119M
$88.8M
$34.7M
$27.3M
US
Europe
India
Canada
Israel
$ Funding

Summary of exit outlook in Chatbots
Exit Outlook Summary
66
Most Active AcquirersTop Investors in Exits
Horizons Ventures 2
Viv Labs (2012, San Jose, $30M)
Siri (2007, San Jose, $24M)
Intel Capital 2
MindMeld (2011, San Francisco, $15.4M)
InteliWISE (2005, Sunnyvale)
Bessemer Venture
Partners
1 MindMeld (2011, San Francisco, $15.4M)
Greylock Partners 1 MindMeld (2011, San Francisco, $15.4M)
GV 1 MindMeld (2011, San Francisco, $15.4M)
May 2017 MindMeld Acq by Cisco for $125M
Oct 2016 Viv Labs Acq by Samsung for $215M
Apr 2010 Siri Acq by Apple for $200M
Chatbots > Feed Summary > Exit Outlook Summary
Cisco 1 MindMeld (May 2017, $125M)
Apple 1 Siri (Apr 2010, $200M)
Samsung 1 Viv Labs (Oct 2016, $215M)
Recent IPOs Top Acquisitions
eGain Sep 1999
Cloud based Customer Engagement Solutions…
IPO MCap: $334M Current MCap: $139M
InteliWISE
Virtual Agents and Contact Centre Solutio…
IPO MCap: - Current MCap: -
Stanusch Technologies
Virtual assistants solutions provider
IPO MCap: - Current MCap: -

Cumulative funding in the market
ENTERPRISE APPLICATIONS
Customer Support and Engagement
CHATBOT DEVELOPMENTCONSUMER APPLICATIONS
Virtual Companion
Sherpa (2012, Erandio, $8.2M)
$642M
$207M $179M
January 2018Tracxn BlueBox – Chatbots
1000+ companies in the sector, 180 funded in last 5 years, $532M invested in last 2 Years
Most Active Investors: 500 Startups, Y Combinator, Betaworks, Slack, Startupbootcamp
Concierge Services
Mezi (2015, San Francisco, $11.8M)
Finance
Penny (2015, San Francisco, $1.32M)
Career
Yodas (2014, Binyamina, $1.9M)
Healthcare
Your.MD (2013, London, $17.3M)
Shopping
Kip (2014, New York City, $317K)
Development Platforms
IDEs and Frameworks
Gupshup (2006, Mumbai, $47M)
DIY Platforms
Passage AI (2016, Mountain View, $3M)
Development Services
Enterprise Bot (2016, Pune)
Chatbot Analytics
Dashbot (2016, San Francisco, $2M)
Productivity
Meeting Scheduler
Clara (2014, San Francisco, $11.75M)
Employee Feedback
Growbot (2015, San Francisco, $1.7M)
Enterprise Information
Office Assistants
Zoom.ai (2016, Toronto, $2.1M)
Chatbots > Feed Summary > BlueBox
7

Key Sub Sectors in Chatbots Sector
Summary of Key Markets
8
Top Markets of Investment Activity
# Cos on
Platform
Last 2 Years
$ Invested # Round
Enterprise Applications >
Customer Support & Engagement 306 $218M 66
Consumer Applications >
Finance 31 $36.5M 14
Enterprise Applications > Productivity >
Meeting Scheduler 17 $56.1M 8
Chatbot Development > Development
Platforms >
IDEs and Frameworks
57 $24.8M 9
Chatbot Development > Development
Platforms >
DIY Platforms
97 $19.3M 10
Consumer Applications >
Virtual Companion 64 $31.5M 7
Enterprise Information 15 $43.4M 6
Enterprise Applications >
Recruitment 18 $34.2M 6
Office Assistants 29 $18M 6
Sub Sectors
# Cos
Tracked
#
Funded
Total
Funding
Enterprise Applications
Companies that develop chatbots for enterprise
activities such as customer support and...
445 131 $642M
Consumer Applications
Companies providing AI-based conversational
assistants for consumer use cases like restaurant...
300 69 $207M
Chatbot Development
Companies that provide chatbot development
frameworks and services, and chatbot analytics
245 44 $179M
Chatbots > Feed Summary > Summary of Key Markets

List of Notable Companies in Chatbots
Notable Companies in the Sector
9
Note: *(Founded Year, Location, Total Funding)
Chatbots > Feed Summary > Notable Companies in the Sector
Public
eGain
(1997, Sunnyvale)*
InteliWISE
(2005, Sunnyvale)
Stanusch Technologies
(2007, Ruda Slaska)
Acquired
Viv Labs
(2012, San Jose, $30M)
Siri
(2007, San Jose, $24M)
MindMeld
(2011, San Francisco, $15.4M)

List of Notable Companies by Market in Chatbots
Notable Companies by Market
11
Chatbots > Feed Summary > Notable Companies by Market
Customer Support & Engagement
Automated Omnichannel Customer care
Soonicorn. Stage: Series D
Revolution, NewSpring Capital, Comcast Ventures
and 9 Other Investors
eGain (1997, Sunnyvale)
Cloud based Customer Engagement Solutions
Stage: Public
Sachs Capital, Oak Hill Capital Partners
Virtual Agents and Contact Centre Solutions
Stage: Public
Intel Capital
Stanusch Technologies (2007, Ruda Slaska)
Stage: Public
Virtual Companion
Creating advanced conversational interfaces and
assistants
Stage: Acquired
Pritzker Group, Iconiq Capital, Horizons Ventures
Personal Assistant application service
Stage: Acquired
Menlo Ventures, Morgenthaler, Horizons Ventures
Chatbot Development
Development Platforms
Messaging and bot development platform
Soonicorn. Stage: Series E
Tenaya Capital, Globespan Capital Partners, Charles
River Ventures and 4 Other Investors
Artificial Solutions (2001, Barcelona, $18.6M)
Platform for Natural Language Interaction
development
Soonicorn. Stage: Series B
Scope Capital Advisory, Western Technology
Investment
Platform to develop intelligent conversational
interfaces
Minicorn. Stage: Acquired
Fenox Venture Capital, Intel Capital, Liberty Global

Recent News in Chatbots Sector
Recent News
12
Chatbots > Feed Summary > Recent News
Jan 2018 Virtual assistant Mezi pivots to travel, finds its niche, Tnooz
Jan 2018
IAG to buy Niki; CALC launches first ABS and new funding vehicle,
Aviation News
Jan 2018
IPsoft Appoints Digital Management Visionary, Anurag Harsh, as
Chief Marketing Officer, GlobeNewswire
Jan 2018
Haptik Powers a Unique Chatbot to Support the Cyber Safety
Initiative – ‘Akancha Against Harassment’, NCNOnline
Jan 2018
Creative Virtual Recognized for Consultancy Work in Self-Service
and Digital Marketing Sectors , PRWeb
Jan 2018
Nuances New Cognitive Arbitrator Connects Virtual Assistants in
the Smart Home, Car, and Enterprise, PressReleasePoint
Jan 2018
Nuance adds enhanced voice biometrics to Dragon Drive
automotive platform , Biometric Update
Dec 2017
Laura Kaiser, President and CEO of SSM Health, Joins Nuance Board
of Directors, DirectorsTalk Interviews
Dec 2017 IAG among bidders chosen for Austrian airline Niki, Reuters
Dec 2017 Inside “Fin”, the elite human/AI assistant, Tech World
Dec 2017
MetLife Asia Awards WorkFusion Contract for Insurance
Innovation, PR Newswire
Dec 2017 Indonesia’s Kata.ai launches Kata Bot Platform, Digital News Asia
Dec 2017 HDFC Bank's Chatbot Now Works With Google Assistant, News18
Key Recent News Key Recent News
Dec 2017
VERINT SYSTEMS INC : Completion of Acquisition or Disposition of
Assets, Regulation FD Disclosure, Financial Statements and Exhibits
, 4-Traders
Dec 2017 eGain announces integration with Salesforce.com, directorsclub.news
Dec 2017
Phonon's Chatbot to help banks, insurers, telecom companies with
Aadhaar linking process, newKerala.com
Dec 2017
Leading Artificial Intelligence Startup Announces Further
Dec 2017
Botworx.ai and Zee Media launch news chatbots for Facebook,
MediaNama
Dec 2017
My Ally Making Waves with Recent Hiring Announcements, PR
Newswire
Dec 2017
Wizeline expands its outsourced IT services business into southeast
Asia, TechCrunch
Dec 2017 WorkFusion Named to CB Insights 2018 AI 100, Citybizlist
Dec 2017
Lily raises $2M from NEA and others for a personal stylist service
that considers feelings, not just fit, TechCrunch
Dec 2017
Nuance Expands Vision and Leadership of Cognitive Innovation
Group (CIG), Making AI Real for the Enterprise, directorsclub.news
Dec 2017
Kasisto Announces $17 Million in Series B Funding led by Oak
HC/FT, Business Wire
Dec 2017
Air Berlin Finance B.V.: Proposed acquisition of NIKI Luftfahrt
GmbH by Deutsche Lufthansa group has failed, 4-Traders

Contents
Feed Summary
Investment Trends
Market Details
Exit Outlook
Investors
News
Appendix
13
Funding Trends
Median Deal Size and Trend
New Entrants in Funding Club
Distribution of companies by Funding Range
Funding Funnel of the Sector
Top Investments and Investors
Investors in Unicorn club

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$62M
$14M
$75M $71M
$128M
$231M
$313M
0
20
40
60
80
100
120
$0k
$50M
$100M
$150M
$200M
$250M
$300M
$350M
2011 2012 2013 2014 2015 2016 2017 2018*
$ Funding # Rounds
3 Year CAGR
6 Year CAGR
Investments ($M) and number of rounds in Chatbots; 2011-2017
Global Funding Trends (1/2)
15
Note: Funding excludes Grant, Debt and Post IPO rounds. Excludes all details for Chinese companies
*YTD
Chatbots > Investment Trends > Global Funding Trends
#Rounds
$Funding
31% $ Funding
64% $ Funding
39% # of Rounds
40% # of Rounds

3 8
10 21 41 80 54
5
2
5
11 14
18
32
4 1 1
1
1
2011 2012 2013 2014 2015 2016 2017
Seed Early Stage Late Stage
12
Total # of Rounds
$4M
$8M
$9M $23M $30M $62M $57M
$18M
$5M
$26M
$48M
$84M
$105M
$221M
$39M $40M $14M $64M $35M
2011 2012 2013 2014 2015 2016 2017
Seed Early Stage Late Stage
$0K $0K
$40M
$0K $0K
$87M
$55M
0
0.5
1
1.5
2
2.5
0
10000000
20000000
30000000
40000000
50000000
60000000
70000000
80000000
90000000
100000000
2011 2012 2013 2014 2015 2016 2017
$ Funding # of Rounds
16
Note: Mega Rounds = rounds with size > $20M. Funding excludes Grant, Debt and Post IPO rounds. Excludes all details for Chinese companies
Stage-wise Number of RoundsStage-wise $ Invested
New Entrants in Funded ClubMega Rounds
Global Funding Trends (2/2)
Investments ($M) and number of rounds in Chatbots; 2011-2017
Chatbots > Investment Trends > Global Funding Trends
5 9 7
17
35
66
40 179
$2.6M
$1.5M
$0.0M
$0.5M
$1.0M
$1.5M
$2.0M
$2.5M
$3.0M
0
20
40
60
80
100
120
140
160
180
200
2001-2011 2012 2013 2014 2015 2016 2017 Total
Entrants in Funding Club Avg. Ticket Size
- - 1 - - 2 2 $2.6M $1.3M $1M $0.7M $1.4M $1.1M $2.2M $1.5M
$62M
Total $ Invested

Chatbots > Investment Trends > Funding Trends by Geography
Investments ($M) and number of rounds in Chatbots
Funding Trends by Geography
Funding Trends by Geography Top Cities of Funding
City $ Funding # Rounds
Bay Area 361M 97
New York City 171M 36
Franklin 155M 10
Mumbai 47M 11
Barcelona 34M 9
Paris 27M 10
London 26M 17
Bangalore 21M 20
Tel Aviv 20M 6
Toronto 16M 12
Total Funding
177
66
49
17
14
3
5
1
# Rounds
$739M
$119M
$88.8M
$34.7M
$27.3M
$5M
$4M
$122k
US
Europe
India
Canada
Israel
Australia
SEA
South Africa
Note: Excludes funding information of China companies

Trend of Average Deal Size ($M)
$1.5 $1.2 $1.1 $1.2 $1.2 $1.2 $1.4
2011 2012 2013 2014 2015 2016 2017
$4.4
$2.6
$5.0 $5.4 $5.7 $5.3
$6.8
$0.0 $0.0
$10.5
$15.0
$10.8
$17.8
$13.1
$9.9
$0.0
$40.0
$0.0
$14.0
$63.6
$35.0
Chatbots > Investment Trends > Median Deal Size and Trend
Median and Average Deal Size in $M (per Stage) in Chatbots; 2011-2017
Median Deal Size and Trend
Note: Excludes funding information of Chinese companies. *Graph not to scale
Median Deal Size and Range
$5K* $11M
$50K $31M
$92K $80M
$50K $1B
$22M
$7M
$2.8M
$0.3M
Series C+
Series B
Series A
Seed
Stage

Note: 97 companies with undisclosed funding amount are not included
19
<$1M
$1-10M
$10-50M
$50-100M
$100M+
Funding Range
47
78
26
2
1
No. of Companies
Chatbots > Investment Trends > Distribution of companies by Funding Range
No. of companies by funding range in Chatbots; as of Jan 2018
Distribution of companies by Funding Range
$17M
$243M
$483M
$122M
$167M
$ Investment

Stage No. of Companies
Funding
Funnel
100%
24%
5%
2%
0%
20
Note: Numbers in the brackets show the count of companies
Time to raise
next round
4
16
55
245
1001
Series C+
Series B
Series A
Funded
Founded
Next
Round
100M+
Valuation
Exits
Acqui-
Hired
Dead
Pooled
Others
24% 1%
(9)
1%
(6)
3%
(28)
6%
(65)
66%
(663)
22% 3%
(8)
2%
(5)
9%
(22)
2%
(6)
66%
(162)
29% 11%
(6)
5%
(3)
15%
(8)
2%
(1)
55%
(30)
25% 31%
(5)
13%
(2)
6%
(1)
- 69%
(11)
- 50%
(2)
- 25%
(1)
- -25%
(-1)
Chatbots > Investment Trends > Funding Funnel
Number of companies progressing to subsequent funding stages in Chatbots
Funding Funnel
16 Months
18 Months
26 Months
Investment backedBootstrapped
3
3
21
Soonicorns
Unicorns
Acquisitions
IPOs

Note: Seed Stage (Seed, Angel), Early Stage (Series A, Series B), Late Stage (Series C+, PE)
Chatbots > Investment Trends > Notable Investments in last 24 months
Major funding rounds by Stage in Chatbots; Jan 2016-Jan 2018
Notable Investments in last 24 months (1/5)
LATE STAGE
$63.6M - Series D Aug 2016
Revolution, NewSpring Capital, Comcast Ventures,
Sigma Partners, SoftBank Capital
$35M - Series D Jan 2017
WorkFusion (2010, New York City, $71.3M)
Robotic process automation with workforce
orchestration and machine learning in one stack
Georgian Partners, Mohr Davidow Ventures, inovia,
Nokia Growth Partners, Greycroft Partners, RTP
Ventures
EARLY STAGE
$23M - Series B Apr 2016
x.ai (2014, New York City, $50.5M)
AI based assistant which schedules meetings
Two Sigma Ventures, DCM Ventures, Work-Bench,
IA Ventures, FirstMark, Lerer Hippeau Ventures,
Pritzker Group, SoftBank Capital, CrunchFund
$20M - Series B Oct 2017
Chatbot for providing employees with enterprise
information
Greylock Partners, Accel Partners, Webb Investment
Network, Felicis Ventures
$17M - Series B Dec 2017
Kasisto (2013, Menlo Park, $28.5M)
Conversational AI solutions for mobile applications
Oak HC/FT, Propel Venture Partners, Two Sigma
Ventures, Commerce Ventures, Partnership for New
York City, Mastercard
EARLY STAGE
$15M - Series A Feb 2017
Pypestream (2015, New York City, $24.9M)
Develops AI-based solutions to automate various
business processes
Rick Braddock, The Chatterjee Group
$14M - Series A May 2016
Chat based AI assistant bot
AME Cloud Ventures, Greylock Partners
$12.6M - Series B Sep 2016
Inbenta (2005, Barcelona, $14.6M)
Self Service Platform with Virtual Agents
Level Equity, Amasia, Scale Capital
$11.6M - Series A Jul 2017
AI based meeting scheduler
Basis Set Ventures, Slack, Sequoia Capital, First
Round Capital

EARLY STAGE
$10M - Series B Aug 2017
Fenox Venture Capital, DCM Ventures
$10M - Series A Jun 2017
Your.MD (2013, London, $17.3M)
Mobile app for personalized healthcare feedback,
using artificial intelligence and machine learning
Orkla, Smedvig Capital
$9.2M - Series A Jan 2017
Propel Venture Partners, MasterCard, Commerce
Ventures, Two Sigma Ventures, DBS Bank,
Partnership for New York City, New York Angels,
HBS Alumni Angels of Greater New York
EARLY STAGE
$9M - Series A Jul 2016
Mezi (2015, San Francisco, $11.8M)
Text based personal shopping assistant and
concierge
Nexus Venture Partners, Saama Capital, American
Express, Amit Singhal, Gokul Rajaram
$8.3M - Series A Jun 2017
Talla (2015, San Francisco, $12.3M)
AI enabled assistant for teams
Glasswing Ventures, Avalon Ventures, PJC, The
LAUNCH Fund, Pillar
Next IT (2002, Spokane, $8.8M)
Virtual Assistants for Customer Service
$8.2M - Series A Nov 2017
Active Intelligence (2016, Bangalore, $11.7M)
Conversational banking platform
Vertex Ventures, Dream Incubator, Kalaari Capital,
CreditEase, IDG Ventures India
EARLY STAGE
$6.8M - Series B Aug 2017
Uniphore (2008, Chennai, $13.3M)
Speech Recognition, voice biometrics and virtual
assistant solutions
India Infoline, IDG Ventures India, Kris
Gopalakrishnan, John T. Chambers, Pankaj Patel
$6.7M - Series A Aug 2016
Mihup (2016, Kolkata, $6.7M)
Provides conversational interface for Indian
languages
Accel Partners
$6.5M - Series A May 2017
Rulai (2016, Campbell, $13M)
Chatbots for customer engagement
GSR Ventures, Eight Roads Ventures, ZhongWei
Capital
$6.5M - Series A Nov 2017
Replika (2016, San Francisco, $11M)
AI-based mobile app for personal assistance
Khosla Ventures, Sherpa Capital, Phil Libin, Richard
Socher

EARLY STAGE
$6.2M - Series B Aug 2017
$4.9M - Series A May 2016
business processes
$4.4M - Series A Apr 2016
Sherpa Capital, Y Combinator, Ludlow Ventures
$3M - Series A Nov 2016
IDG Ventures India, Kalaari Capital
EARLY STAGE
$2.4M - Series A Jan 2017
business processes
$2.1M - Series A Oct 2016
assistant solutions
YourNest, IDG Ventures India, Vikas Gautam,
Naresh Kumra, Sanjai Vohra, Anuj Munot,
Gopinathan Padmanabhan, Manoj Nagpal, Milan
Shah, Mridula Ramesh, Salil Gupta, Sridhar Jayanthi,
Priyank Garg, Nagendra Bandaru, Tushar Singh,
Hemant Joshi, Jaideep Mehta, Vinay Somani, Piyush
Shah, Sundi Natarajan, Seethapathy Chander,
Momentum Techsys Private Limited, Ray Stata, Kris
Gopalakrishnan, Rajiv Luthra, Sandeep Banerjee,
Jyoti Sagar, Vikas Kapoor, Nita Kapoor, Shantanu
Ghosh, Vijay Paliwal, Chandrashekhar Eknath
Plonis, Nina Puri
EARLY STAGE
$2M - Series A May 2017
Niki.ai (2015, Bangalore, $3.2M)
AI based automated order taking app for concierge
services
SAP.iO, Haresh Chawla, Arihant Patni, Unilazer
Ventures, Aecal, Blue Equity
$1.7M - Series A Mar 2017
CrowdCare (2012, Toronto, $7.3M)
Complete Customer Support Software for iOT
devices
Scale UP Ventures, Mantella Venture Partners,
Brightspark Ventures
$248k - Series A Jun 2017
services
SAP.iO
$20.8k - Series A Oct 2016
business processes

EARLY STAGE
Series B Feb 2017
Personetics (2010, Tel Aviv, $18M)
Predictive personal finance management solutions
Santander InnoVentures
Series B Nov 2017
assistant solutions
John Chambers, IDG ventures, India Infoline
Series B Apr 2016
Haptik (2013, Mumbai, $1M)
AI-enabled mobile app offering web associated
support services to users
Times Internet
Series A Apr 2016
DBS Bank
EARLY STAGE
Series A Sep 2017
business processes
Berkley Media Limited
Series A Jun 2016
business processes
Burch Creative Capital
SEED STAGE
$7.6M - Seed Aug 2016
Smooch (2015, Montreal East, $7.6M)
Integrated customer messaging software over social
messaging apps, SMS, web chat and in-app
Real Ventures, Inovia Capital, TA Associates
Management
$4M - Seed Feb 2016
Talla (2015, San Francisco, $12.3M)
AI enabled assistant for teams
Avalon Ventures, Hyperplane, Stage 1 Ventures,
Jason Calacanis, Converge, Brooklyn Bridge Ventures
$2.7M - Angel Feb 2017
Agent.ai (2016, Mountain View, $2.7M)
AI powered customer service software
David Zhao, Ethan Davidoff, Dave Liu
$2.4M - Seed Aug 2017
Poncho (2013, New York City, $4.4M)
Chatbot which delivers weather forecast
Betaworks, Lightspeed Venture Partners

SEED STAGE
$2M - Seed Apr 2016
Poncho (2013, New York City, $4.4M)
Lerer Hippeau Ventures, Greycroft Partners,
Comcast Ventures, Venture51, RRE Ventures,
Betaworks, Broadway Video, Ore Ventures
$2M - Angel Jun 2016
Conversable (2014, Austin, $2M)
Automating customer support through messaging
and social media for conversational commerce bots
$1.7M - Seed Jul 2016
Growbot (2015, San Francisco, $1.7M)
Messaging bot designed for congratulating co-
workers via Slack
XSeed Capital, Inventus Capital Partners
$1.3M - Seed Jul 2017
Touchkin (2015, Bangalore, $1.7M)
Mobile-first AI based healthcare app developer
Kae Capital
SEED STAGE
$500k - Seed May 2016
Kstart
$440k - Seed Dec 2016
services
Unilazer Ventures, Haresh Chawla
$440k - Seed Jan 2016
$400k - Seed Mar 2016
Touchkin (2015, Bangalore, $1.7M)
Mobile-first AI based healthcare app developer
Alok Mittal, Amit Gupta, Anuj Srivatsava, Himanshu
Aggarwal, Raghunandan G, Puneet Agarwal
SEED STAGE
$313k - Seed May 2016
services
Unilazer Ventures, Ratan N Tata
$89.6k - Seed Aug 2016
ZiPi (2016, Indore, $89.6k)
Chatbot for concierge service
Swan Finance, BeyondKey, Adarsh Developers
$466 - Seed Jul 2016
Mihup (2016, Kolkata, $6.7M)
Provides conversational interface for Indian
languages
Xelpmoc

Chatbots > Investment Trends > Notable Investments in last 24 months in China
Notable Investments in last 24 months in China
EARLY STAGE
$20.6M - Series B Nov 2017
Zhuiyi Shenzhen Chaoyi Technology (2015,
Shenzhen, $20.6M)
Develops chatbots for customer interactions in
multiple industries
Sinovation Ventures, GGV Capital, Banyan Capital,
Morningside Ventures
$10M - Series A Jan 2017
Moran Cognitive Technology (2016, Beijing,
$10M)
Develops natural language recognition and
processing technology and solutions
Matrix Partners China, Source Code Capital

Most Active Investors (VC, PE) by Stage in Chatbots; Last 5 years (Jan 2013-Jan 2018)
Most Active VC & PE Investors
27
Chatbots > Investment Trends > Most Active VC & PE Investors
SEED STAGE
Y Combinator(9 Investments)
Wit.ai, Magic, Clara
1
Betaworks(7 Investments)
Poncho, Statsbot, Run Dexter
2
Eniac Ventures(4 Investments)
Snips, Trim, Message.io
3
SV Angel (4 Investments)
Wit.ai, Wizeline, Botworx
4
Bowery Capital(3 Investments)
Wizeline, msg.ai, Electric AI
5
Kae Capital (3 Investments)
Touchkin, Wysa, Airwoot
6
500 Startups Canada (2 Investments)
Finaeo, Locl Interactive
7
Array Ventures
Passage AI
10
Bessemer Venture Partners (2
Investments)
Ada Support, Dashbot
8
Converge(2 Investments)
Talla, Wade & Wendy
9
EARLY STAGE
Accel Partners (2 Investments)
Spoke, Mihup
1
Felicis Ventures(2 Investments)
Spoke
2
Fenox Venture Capital (2 Investments)
x.ai, MindMeld
3
General Catalyst Partners (2 Investments)
Semantic Machines, Angel
4
Greylock Partners (2 Investments)
Spoke, Ozlo
5
IDG Ventures India (2 Investments)
Uniphore, Active Intelligence
6
Intel Capital(2 Investments)
MindMeld, Dialogflow
7
Pritzker Group (2 Investments)
x.ai, Viv Labs
8
Sequoia Capital(2 Investments)
Magic, Clara
9
Webb Investment Network (2
Investments)
Spoke
10
LATE STAGE
Comcast Ventures
Interactions
1
Georgian Partners
WorkFusion
2
Nokia Growth Partners
WorkFusion
3
Revolution
Interactions
4
Sigma Prime Ventures
Interactions
5
SoftBank Capital
Interactions
6

Chatbots > Investment Trends > Most Active Ecosystem Investors
Top Ecosystem Investors in Chatbots; Last 5 years (Jan 2013-Jan 2018)
Most Active Ecosystem Investors
INCUBATOR
500 Startups(15 Investments)
Snips, Statsbot, Kata
1
Techstars(7 Investments)
AdmitHub, Polly, GetJenny
2
Boost VC(4 Investments)
Octane, Visabot, LeadFlip
3
FF Venture Capital(3 Investments)
Wade & Wendy, Dashbot, Bowtie Labs
4
Wells Fargo Startup Accelerator
Kasisto
5
Alchemist Accelerator
Eloquent Labs
6
AngelCube
Foster
7
Axel Springer Plug and Play
Accelerator
orat.io
8
Barcamper
Awhy
9
Code Republic
Hecto
10
OTHER NOTABLE INVESTORS
Slack(7 Investments)
Clara, Automat, Wade & Wendy
1
Startupbootcamp(6 Investments)
Hutoma, SuperText, Enterprise Bot
2
Plug and Play Tech Center(3 Investments)
Mezi, Angel, GoFind
3
Bpifrance(2 Investments)
Snips, VeriCampus
4
Gunder
Passage AI
5
Kstart(2 Investments)
Active Intelligence, Vernacular.ai
6
NFX Guild(2 Investments)
Nanorep, Yodas
7
Adarsh Developers
ZiPi
8
Aecal
Niki.ai
9

Chatbots > Investment Trends > Investors in Unicorn club
Investors in Unicorn Club

Chatbots > Investment Trends > Unicorn Investors in the Sector
Unicorn Investors in the Sector

Contents
Feed Summary
Investment Trend
Market Details
Exit Outlook
Investors
News
Appendix
31
BlueBox
Key Sub Sectors
Detailed Sector Taxonomy
Top Markets of Investment Activity
Top Markets of Early Stage Investors
Other Notable Markets
Market Deep Dive

Some more Sector Reports you might want to check out
Join 4000+ people taking sharper decisions with Tracxn
3D Printing
Dec 2017
Internet of Things Infrastructure
Nov 2017
Consumer Robotics
Nov 2017

January 2018
33
Chatbots > Market Details > BlueBox
Tracxn BlueBox – Chatbots

Key Sub Sectors
34
Key Sub Sectors in Chatbots
Market Top Companies
# Cos
Tracked
#
Funded
Total
Funding
Companies that develop chatbots for enterprise activities such as customer support and
meeting scheduling
VirtuOz (2002, Emeryville, Acquired)
445 131 $642M
Companies providing AI-based conversational assistants for consumer use cases like
restaurant booking, travel planing, shopping, concierge services, etc.
Viv Labs (2012, San Jose, Acquired)
300 69 $207M
Chatbot Development
Companies that provide chatbot development frameworks and services, and chatbot analytics
MindMeld (2011, San Francisco, Acquired)
245 44 $179M
Chatbots > Market Details > Key Sub Sectors

Detailed Sector Taxonomy (1/4)
35
Chatbots > Market Details > Detailed Sector Taxonomy

36

37

38

Rank Market
Last 2 Years
$ Invested # Round Top Funded Company
1
(-)
Enterprise Applications > Customer Support & Engagement
Companies developing customer support and/or engagement platforms that offer chat-based virtual
assistance capabilities to websites and apps
(Companies covered 306 | Funded 91 | Total Funding $462M)
$218M
(+$147M)
66
(+37)
Interactions
(2004, Franklin, $167M)
2
(+3)
Consumer Applications > Finance
Companies developing chat-based personal finance and accounting assistants
(Companies covered 31 | Funded 11 | Total Funding $39.8M)
$36.5M
(+$33.2M)
14
(+10)
Kasisto
(2013, Menlo Park, $28.5M)
3
(-)
Enterprise Applications > Productivity > Meeting Scheduler
Companies offering chatbots that schedule appointments by collecting calendar information
automatically from user emails or through conversations with the user
$56.1M
(+$40.5M)
8
(-1)
x.ai
(2014, New York City, $50.5M)
4
(-2)
Chatbot Development > Development Platforms > IDEs and Frameworks
Companies providing IDEs or frameworks, SDKs and APIs for chatbot development
$24.8M
(-$19.7M)
9
(-4)
Snips
(2013, Paris, $21M)
5
(+3)
Chatbot Development > Development Platforms > DIY Platforms
Companies providing chatbot development platforms that allow users to assemble pre-built modules
through a GUI to develop a chatbot
$19.3M
(+$18.5M)
10
(+6)
Automat
(2015, Montreal, $11M)
6
(-2)
Consumer Applications > Virtual Companion
Companies developing chatbots that act as virtual companions, or provide answers to non-specific
factual questions
$31.5M
(-$4.5M)
7
(+1)
Ozlo
(2013, Palo Alto, $14M)
7
(+4)
Enterprise Applications > Productivity > Enterprise Information
Companies offering chatbots that help human employees access institutional knowledge and
documentation through a chat interface
$43.4M
(+$43.4M)
6
(+6)
Spoke
(2016, San Francisco, $28M)
39
Note: The numbers in the bracket represent the change in a 2 year period.
Top Markets of Investment Activity (1/2)
Top Markets by Funding in Chatbots in last 2 years (January 2016 - December 2017)
Chatbots > Market Details > Top Markets of Investment Activity

Top Markets of Investment Activity (2/2)
Chatbots > Market Details > Top Markets of Investment Activity

Rank Market # Investments Key Investments
1
Enterprise Applications > Productivity > Enterprise Information
Companies offering chatbots that help human employees access institutional knowledge and
documentation through a chat interface
(Companies created 15 | Funded 5 | Total Funding $43.4M )
2 Spoke (2016, San Francisco, $28M)
2
Consumer Applications > Virtual Companion
Companies developing chatbots that act as virtual companions, or provide answers to non-specific factual
questions
(Companies created 64 | Funded 15 | Total Funding $102M )
2
3
Enterprise Applications > Productivity > Office Assistants
Companies building office assistant bots that help employees manage tasks and that help enterprises
manage projects
(Companies created 29 | Funded 9 | Total Funding $21.2M )
1 Astro (2015, Palo Alto, $8.3M)
4
Chatbot Development > Development Platforms > IDEs and Frameworks
Companies providing IDEs or frameworks, SDKs and APIs for chatbot development
(Companies created 57 | Funded 18 | Total Funding $121M )
1 Mihup (2016, Kolkata, $6.7M)
Note: Investors considered - Sequoia Capital, Accel Partners, Andreessen Horowitz, NEA, Greylock Partners, General Catalyst Partners, Benchmark Capital, KPCB, Khosla Ventures, Redpoint Ventures, Founders Fund, SV Angel, Index Ventures, Bessemer
Venture Partners, Lightspeed Venture Partners, Venrock, Draper Fisher Jurvetson, Institutional Venture Partners, Intel Capital, Battery Ventures
41
Top Markets of Early Stage Investors
Top Markets where Early Stage Investors are investing in last 2 years (January 2016 - December 2017)
Chatbots > Market Details > Top Markets of Early Stage Investors

Rank Market
Last 2 Years
# of Comp Founded $ Invested # Round Top Funded Company
1
Consumer Applications > Education
Companies developing chatbots that help users with their education, by enabling
them to maintain study schedules, learn languages, etc.
20 $3M
(+$3M)
2
(+2)
AdmitHub
(2014, Boston, $3M)
42
Other Notable Markets
Other Notable Markets with high Entrepreneurial Activity in Chatbots in last 2 years (January 2016 - December 2017)
Chatbots > Market Details > Other Notable Markets

Incubators 500 Startups (#2), Techstars (#2)
Seed Y Combinator (#3), Bowery Capital (#2)
Series A/B IDG Ventures India (#2), Mohr Davidow Ventures (#2)
Series C+ Revolution (#1), NewSpring Capital (#1)
eGain Sep - 1999
IPO'd on NASDAQ
InteliWISE
IPO'd on WSE
Series B
$8.2M - Series A
Active Intelligence (2016, Bangalore,
$11.7M)
$3M - Series A
Finn (2016, Vancouver, $3M)
$120k - Seed
Smart Alto (2016, San Francisco,
$120k)
Seed
Abe.ai (2016, Orlando, $550k)
Series A
Pypestream (2015, New York City,
$24.9M)
$3.5M - Series A
Kata (2016, Jakarta, $3.5M)
$6.8M - Series B
Series A
Wizeline (2013, San Francisco, $8.4M)
$2.5M - Seed
Ada Support (2016, Toronto, $2.5M)
Jan 2018
IPsoft Appoints Digital Management Visionary, Anurag
Harsh, as Chief Marketing Officer, GlobeNewswire
Jan 2018
Creative Virtual Recognized for Consultancy Work in Self-
Service and Digital Marketing Sectors , PRWeb
Jan 2018
Nuances New Cognitive Arbitrator Connects Virtual
Assistants in the Smart Home, Car, and Enterprise,
PressReleasePoint
Jan 2018
Nuance adds enhanced voice biometrics to Dragon Drive
automotive platform , Biometric Update
Dec 2017
Laura Kaiser, President and CEO of SSM Health, Joins Nuance
Board of Directors, DirectorsTalk Interviews
Dec 2017
MetLife Asia Awards WorkFusion Contract for Insurance
Dec 2017
Indonesia’s Kata.ai launches Kata Bot Platform, Digital News
Asia
Dec 2017
HDFC Bank's Chatbot Now Works With Google Assistant,
News18
Dec 2017
VERINT SYSTEMS INC : Completion of Acquisition or
Disposition of Assets, Regulation FD Disclosure, Financial
Statements and Exhibits , 4-Traders
Dec 2017
eGain announces integration with Salesforce.com,
directorsclub.news
Dec 2017
Phonon's Chatbot to help banks, insurers, telecom
companies with Aadhaar linking process, newKerala.com
Dec 2017
Wizeline expands its outsourced IT services business into
southeast Asia, TechCrunch
Dec 2017 WorkFusion Named to CB Insights 2018 AI 100, Citybizlist
News
0
5
10
15
20
25
30
35
40
$0k
$20M
$40M
$60M
$80M
$100M
$120M
$140M
2014 2015 2016 2017 2018
YoY Funding Rounds
3
3
22
91
306
M&A/IPO
Series C+
Series A+
Funded
Companies
Covered
Funding Funnel
Enterprise Applications > Customer Support & Engagement: Market Factsheet
Market: Customer Support & Engagement
43
Exits
Most Active Investors
Recent Investments
YoY Funding and Rounds
Companies developing customer
support and/or engagement
platforms that offer chat-based
virtual assistance capabilities to
websites and apps
Interactions
(2004, Franklin, $167M)
WorkFusion
Pypestream
VirtuOz
(2002, Emeryville, $18.4M)
Personetics
(2010, Tel Aviv, $18M)
Top Companies
#1 Top Markets of Investment Activity
Chatbots > Market Details > Market: Customer Support & Engagement
Companies Created 306 | Funded 91 | Total Funding $462M

Enterprise Applications > Customer Support & Engagement: Top Companies
Market: Customer Support & Engagement (1/3)
Analyst’s Pick
Soonicorn. Stage: Series D
Revolution, NewSpring Capital, Comcast Ventures
business processes
Minicorn. Stage: Series A
Berkley Media Limited, Rick Braddock, The
Chatterjee Group and 3 Other Investors
Personetics (2010, Tel Aviv, $18M)
Predictive personal finance management solutions
Minicorn. Stage: Series B
Santander InnoVentures, Lightspeed Venture
Partners, Sequoia Capital and 2 Other Investors
Inbenta (2005, Barcelona, $14.6M)
Self Service Platform with Virtual Agents
Level Equity, Amasia, Scale Capital
Analyst’s Pick
assistant solutions
John Chambers, IDG ventures, India Infoline and 69
Other Investors
GSR Ventures, Eight Roads Ventures, ZhongWei
Capital
Vertex Ventures, Dream Incubator, Kalaari Capital
Next IT (2002, Spokane, $8.8M)
Virtual Assistants for Customer Service
Minicorn. Stage: Acquired
Intel Capital
Analyst’s Pick
CrowdCare (2012, Toronto, $7.3M)
Complete Customer Support Software for iOT
devices
Scale UP Ventures, Mantella Venture Partners,
Brightspark Ventures and 3 Other Investors
Assist (2015, San Francisco, $5.5M)
Platform enabling automated chat for businesses
Editor's Pick. Stage: Series A
Fuel Capital, Binary Capital, Structure Capital,
Upside Partnership
noHold (1999, Milpitas, $4M)
Virtual Agents and Knowledge Management
Software
Celtic House Venture Partners, Myqube
Agent.ai (2016, Mountain View, $2.7M)
AI powered customer service software
Minicorn. Stage: Seed
David Zhao, Ethan Davidoff, Dave Liu, UCLA
Ventures

Analyst’s Pick
msg.ai (2014, New York City, $2.7M)
Artificial Intelligence for conversational commerce
Advancit Capital, BoxGroup, Bowery Capital and 8
Other Investors
Exceed (2016, Tel Aviv, $1.5M)
Chatbot platform for customer support and sales
Editor's Pick. Stage: Seed
Glilot Capital Partners
Octane (2016, San Francisco, $1.5M)
Platform to create & manage Bots
General Catalyst Partners, Boost VC, Hired
CogniCor (2011, Barcelona, $1.1M)
Software for automated complaint resolution
Lnzame, Wayra, 101 Startups
Aivo (2011, Miami, $300k)
Virtual Customer Service Agents
Analyst’s Pick
Joe Hukum (2015, Gurgaon, $194k)
Enterprise chatbot solutions for customer
engagement.
Minicorn. Stage: Acqui-Hired
TracxnLabs, Prashant Tandon, Rubal Jain and 5
Other Investors
Airwoot (2012, Delhi, $115k)
Real-time customer support on social media
Editor's Pick. Stage: Acquired
Kae Capital, Rajan Anandan, Samir Sood and 2
Other Investors
re:infer (2015, London, $100k)
Platform to author and deploy conversational
interfaces.
Seedcamp
Morph.ai (2016, Gurgaon)
AI and NLP based chat enabler for customer service
Minicorn. Stage: Unfunded
Analyst’s Pick
Rep.ai (2016, San Francisco)
Platform providing text-based automation services
for e-commerce
Talania (2016, Christchurch)
Chat based intelligent assistant solutions
Chatimity (2011, Bangalore)
Social Chat Rooms App on Mobile
Editor's Pick. Stage: Acqui-Hired
Converse (2015, San Francisco)
Platform enabling conversation based, natural
language interface chatbots
Editor's Pick. Stage: Unfunded
HeyMojo (2016, Gurgaon)
Hotel management chatbot platform
Anand Chandrasekaran, GSF, Powerhouse Ventures
iDelivr (2015, Mumbai)
Mobile SDK for chat integration in mobile apps

Analyst’s Pick
MindIQ (2016, Bangalore)
AI enabled chatbots for customer service and
engagement.
Nuance Communications (1992, Boston)
Provides various linguistic solutions for enterprises
Canvas Ventures, Motorola, Intel and 9 Other
Investors
Package (2016, Tel Aviv)
Delivery assistant chat bot for logistics company
Editor's Pick. Stage: Funded
Nielsen Innovate Fund, toDay Ventures
Pand.ai (2016, Singapore)
AI based customer engagement platform
Qlue (2015, San Francisco)
Integrated omnichannel customer support
conversations platform
Mentors Fund, Wing Venture Capital
Analyst’s Pick
SuperFan.Ai (2016, Mumbai)
Fan management & engagement chatbot
ThinQbate
Vernacular.ai (2016, Bangalore)
Multilingual chatbot for customer service
Kstart

Note: Overall Rating is a combination of Funding and Team rating, along with Execution, Size and Growth metrics
47
Enterprise Applications > Customer Support & Engagement: Leaderboard
Market: Customer Support & Engagement
Better than Market Average
Overall
Rating
Company
Name
Foun
ded
Year
Location Stage Funding Team
Execution Quality Size Metrics 6M Growth Metrics
App
Rating
App
UX
Web
UX
News
Web
Traffic
Rank
Social
Follow
ing
Mobile
Downl
oads
# App
Revie
ws
Web Traffic
Rank
Mobile
Downloads
Social
Following
Δ % Δ % Δ %
5.0 Pypestream 2015
New York
City
Series A $25M - 4 - - 7 1.3M 851 33k 217 288k 31% - - 52 6%
5.0 Joe Hukum 2015 Gurgaon
Acqui-
Hired
$194K - 4 - - 2 3.3M 106 30k 479 2M 134% 2 - 9 9%
5.0 eGain 1997 Sunnyvale Public - - 5 - - 10 675k 2.6k 300 7 53k 9% - - 40 2%
4.9 Existor 2008 Exeter Unfunded - - 4 - - - 275k 10k 44k 1.7k 74k 36% 35 2% -1000 -9%
4.9
Nuance
Communicatio
ns
1992 Boston Acquired - - 3 - - 69 27k 4.2k 1.2M 7k 6k 28% 1.8k 41% 421 11%
4.9 Inbot 2013
San
Francisco
Unfunded - - 4 - - - 2.2M 343 780 27 -593k -21% 3 13% 16 5%
4.9 msg.ai 2014
New York
City
Seed $3M - 4 - - 1 944k 353 647k 12.8k -439k -32% - - 122 49%
4.9 HeyMojo 2016 Gurgaon Seed - - 4 4 - 2 4.7M 466 300 11 -2.2M -31% - - 182 54%
4.9 iDAvatars 2013 Mequon Seed $3M - 4 - - - 6.9M 144 900 9 2M 25% - - -9 -7%
4.8 Uniphore 2008 Chennai Series B $13M - 4 - - 14 743k 570 300 6 -92k -11% - - 17 3%
4.8 SuperFan.Ai 2016 Mumbai Seed - - 4 - - 1 7.1M - 75k 202 - - 20 10% - -
4.8 Botego 2007 Istanbul Unfunded - - 3 - - - 838k 1.6k 780k 9.4k -1.2M -57% 317 4% -38 -2%
4.8 Chatimity 2011 Bangalore
Acqui-
Hired
- - 4 - - 1 8.8M 194 3.1M 14.6k - - - - 12 6%

Incubators Wells Fargo Startup Accelerator (#1), 500 Startups (#1)
Seed New York Angels (#1), Two Sigma Ventures (#1)
Series A/B Oak HC/FT (#1), Mastercard (#1)
Series C+
None
$17M - Series B
$1M - Seed
Talkbank (2016, Moscow, $1M)
$120k - Seed
Penny (2015, San Francisco, $1.3M)
$1.2M - Seed
Plum (2016, London, $2.4M)
$2.6M - Seed
Cleo AI (2015, London, $3.3M)
$700k - Seed
$700k - Seed
Cleo AI (2015, London, $3.3M)
$9.2M - Series A
$500k - Seed
$45k - Seed
Optio (2016, Tbilisi, $45k)
Seed
Homebot (2015, Denver)
Dec 2017
Kasisto Announces $17 Million in Series B Funding led by
Oak HC/FT, Business Wire
Nov 2017
Standard Chartered to give clients an edge with banking-
savvy chatbot, WebWire
Oct 2017
Black Knight and Homebot Announce Strategic Alliance to
Deliver Powerful, Cutting-Edge Mobile Engagement Solution
for the Real Estate Industry, GlobeNewswire
Oct 2017
Artificial Intelligence Bank-in-Messenger raises $1million
from IIDF and private investors, Finextra
Oct 2017
Digital wealth manager Moneyfarm acquires tech behind
fintech chatbot Ernest, TechCrunch
Oct 2017
TD announces conversational AI platform agreement with
Kasisto, PR Newswire
Sep 2017
Plum Fintech Completes Seedrs Round With Near £925,000
in Funding, Crowdfund Insider
Jul 2017
Cleo announces Jason Goodman to its Board along with
raising £2m Seed Funding led by LocalGlobe, Talent4Boards
May 2017 Plum Banks Future On Facebook Messenger, PYMNTS
Apr 2017
Cinch, at Nexus of Fintech and A.I., Wants to Be Your
Personal CFO, Xconomy
Mar 2017
Yes Bank partners with Payjo for artificial intelligence
solutions, BusinessFortNight
Feb 2017 Plum announces partnership with Ratesetter, AltFi
Dec 2016
Georgian Startup OptioAl Obtains FinTech Award in
Germany, cbw.ge
News
0
2
4
6
8
10
$0k
$5M
$10M
$15M
$20M
$25M
$30M
$35M
2014 2015 2016 2017 2018
YoY Funding Rounds
-
-
1
11
31
M&A/IPO
Series C+
Series A+
Funded
Companies
Covered
Funding Funnel
Consumer Applications > Finance: Market Factsheet
Market: Finance
48
Exits
Recent Investments
Companies developing chat-based
personal finance and accounting
assistants
Kasisto
(2013, Menlo Park, $28.5M)
Cleo AI
(2015, London, $3.3M)
Plum
(2016, London, $2.4M)
Trim
Top Companies
Chatbots > Market Details > Market: Finance
Companies Created 31 | Funded 11 | Total Funding $39.8M

Consumer Applications > Finance: Top Companies
Market: Finance
Analyst’s Pick
Oak HC/FT, Propel Venture Partners, Two Sigma
Ventures and 12 Other Investors
Clerkie (2016, Palo Alto)
Personal finance budgeting and payment platform.
Payjo (2015, Bangalore)
AI-based banking platform

50
Consumer Applications > Finance: Leaderboard
Market: Finance
Overall
Rating
Company
Name
Foun
ded
Year
App
Rating
App
UX
Web
UX
News
Web
Traffic
Rank
Social
Follow
ing
Mobile
Downl
oads
# App
Revie
ws
Web Traffic
Rank
Mobile
Downloads
Social
Following
Δ % Δ % Δ %
5.0 Penny 2015
San
Francisco
Seed $1M - 5 - - 2 399k 233 300k 4.2k -263k -40% 2.6k 255% 28 13%
4.8 Shopinbox 2015 Sunnyvale Unfunded - - 4 - - - 10M 2.2k 3k 64 - - 3 7% - -
4.6 Kasisto 2013 Menlo Park Series B $29M - - - - 14 997k 2.3k - - 121k 14% - - 401 21%
4.4 Dyme 2014
San
Francisco
Seed $250K - 4 - - - 8.1M 4k - 15 -3.9M -32% - - -151 -4%
4.2 Talkbank 2016 Moscow Seed $1M - - - 3 2 1.6M 63 - - - - - - 39 108%
4.0 Cleo AI 2015 London Seed $3M - - - - 2 422k 9.5k - - -36k -8% - - 466 5%
3.8 Trim 2015
San
Francisco
Seed $2M - - - - 4 101k 3.5k - - -19k -16% - - 2.2k 101%
3.7 Payjo 2015 Bangalore Unfunded - - - - 5 1 281k 394 - - - - - - 94 31%
3.5 Plum 2016 London Seed $2M - - - - 4 750k 1.1k - - - - - - 284 33%
3.3 XOBI 2016
New York
City
Unfunded - - 5 - - 1 8.6M 164 - 33 - - - - - -
3.1 Optio 2016 Tbilisi Seed $45K - - - 4 1 2.9M 27 - - - - - - - -
2.9 Change Labs 2015 Hadera Seed $800K - - - - - 940k 356 - - -350k -27% - - 61 19%
2.7 Ernest 2015 London Acquired - - - - - 1 1.6M 705 - - - - - - 24 3%
2.5 Homebot 2015 Denver Seed - - - - - 2 2.1M 115 - - - - - - 43 53%
2.3 FinCheck 2016 Tel Aviv Funded - - - - 4 - 3.5M - - - - - - - - -

Incubators 500 Startups (#1)
Seed IA Ventures (#1), Lerer Hippeau Ventures (#1)
Series A/B Fenox Venture Capital (#1), Two Sigma Ventures (#1)
Series C+
None
$1.8M - Seed
MY ALLY (2015, Seattle, $1.8M)
$10M - Series B
$6.2M - Series B
$11.6M - Series A
$2.8M - Seed
Julie Desk (2014, Paris, $3.7M)
$23M - Series B
$661k - Seed
Seed
MY ALLY (2015, Seattle, $1.8M)
$1.5M - Seed
Howdy (2014, Austin, $1.5M)
$219k - Seed
$100k - Seed
Kono (2014, San Francisco)
Dec 2017
My Ally Making Waves with Recent Hiring Announcements,
PR Newswire
Sep 2017
clara Labs Inc files to say it raised $11.6 million in equity
financing, Reuters
Aug 2017 X.ai Raises $6.2 Million, NewsCenter
Jul 2017
Clara Labs nabs $7M Series A as it positions its AI assistant
to meet the needs of enterprise teams, Starter Incubator
Jun 2017
With $2.8M in funding, AI startup Julie Desk sets out to
automate scheduling, SiliconAngle
Feb 2017
AI scheduling startup launches subscription for businesses,
PCWorld
Sep 2016 10 A.I. tools to help your business, VentureBeat
Aug 2016
Microsoft acquires AI scheduling bot Genee for Office 365
smarts, TechCrunch
Jul 2016 Meet the People Pretending to Be Chatbots, Inc.
Mar 2016
Skedool.it raises funding from Kludein LLC, angel investors,
Deal Street Asia
Jan 2015 x.ai Secures ~$10M in Series A Funding, PRWeb
May 2014
x.ai investing $2M in artificial intelligence for meeting
scheduling, x.ai
News
0
1
2
3
4
5
6
$0k
$5M
$10M
$15M
$20M
$25M
$30M
$35M
2014 2015 2016 2017 2018
YoY Funding Rounds
-
-
2
8
17
M&A/IPO
Series C+
Series A+
Funded
Companies
Covered
Funding Funnel
Enterprise Applications > Productivity > Meeting Scheduler: Market Factsheet
Market: Meeting Scheduler
51
Exits
Recent Investments
Companies offering chatbots that
schedule appointments by
collecting calendar information
automatically from user emails or
through conversations with the
user
x.ai
Clara
Julie Desk
(2014, Paris, $3.7M)
MY ALLY
(2015, Seattle, $1.8M)
Howdy
(2014, Austin, $1.5M)
Top Companies
Chatbots > Market Details > Market: Meeting Scheduler

Enterprise Applications > Productivity > Meeting Scheduler: Top Companies
Analyst’s Pick
Fenox Venture Capital, DCM Ventures, Two Sigma
Ventures and 8 Other Investors
Basis Set Ventures, Slack, Sequoia Capital and 5
Other Investors

53
Enterprise Applications > Productivity > Meeting Scheduler: Leaderboard
Overall
Rating
Company
Name
Foun
ded
Year
App
Rating
App
UX
Web
UX
News
Web
Traffic
Rank
Social
Follow
ing
Mobile
Downl
oads
# App
Revie
ws
Web Traffic
Rank
Mobile
Downloads
Social
Following
Δ % Δ % Δ %
5.0 Meekan 2013 Tel Aviv Acquired $870K - 4 - - 1 513k 1.8k 3k 71 30k 6% - - -18 -1%
4.7 Genee 2014 California Acquired $1M - 4 - - 1 6.5M 127 - 19 - - - - 2 2%
4.3 Kono 2014
San
Francisco
Seed - - 4 - - 1 244k 1.5k 30k 185 -229k -49% - - -12 -1%
4.0 x.ai 2014
New York
City
Series B $50M - - - - 11 137k 27k - - 22k 18% - - - -
3.7 Clara 2014
San
Francisco
Series A $12M - - - - 3 489k 1.7k - - 61k 14% - - 89 6%
3.3 Howdy 2014 Austin Seed $2M - - - - 3 758k 2.2k - - 317k 73% - - 196 10%
3.0 Julie Desk 2014 Paris Seed $4M - - - - 2 751k 1k - - 100k 15% - - 81 9%
2.7 Zazu 2016 Amsterdam Unfunded - - - - 4 - - 19 - - - - - - - -
2.3 MY ALLY 2015 Seattle Seed $2M - - - - 2 2M 119 - - - - - - - -
2.0 The Assistant 2016 Paris Unfunded - - - - 2 - 3.8M - - - - - - - - -
1.7 Avary 2016 Phu Tho Unfunded - - - - - - - - - - - - - - - -
1.3 Meet Sally 2017
New York
City
Unfunded - - - - - - 5.1M 526 - - - - - - -230 -32%
1.0 Standup Jack 2016 Toronto Unfunded - - - - - - 2M - - - - - - - - -
0.7 Mimetic 2015 Singapore Unfunded - - - - - - 2.4M - - - - - - - - -
0.3 Scibler 2013 Bangalore Unfunded - - - - - - 10M 11 - - - - - - - -

Market: IDEs and Frameworks
54
Chatbots > Market Details > Market: IDEs and Frameworks

Market: DIY Platforms
57
Chatbots > Market Details > Market: DIY Platforms

Market: Virtual Companion
60
Chatbots > Market Details > Market: Virtual Companion

Market: Enterprise Information
63
Chatbots > Market Details > Market: Enterprise Information

Market: Recruitment
66
Chatbots > Market Details > Market: Recruitment

Market: Recruitment

Market: Office Assistants
69
Chatbots > Market Details > Market: Office Assistants

Market: Office Assistants
Chatbots > Market Details > Market: Office Assistants

Market: Healthcare
71
Chatbots > Market Details > Market: Healthcare

Market: Healthcare

Market: Education
74
#1 Other Notable Markets
Chatbots > Market Details > Market: Education

Market: Education

Public Companies
Contents
Feed Summary
Investment Trend
Market Details
Exit Outlook
Investors
News
Appendix
77
Notable Acquisitions
Top Acquirers
Acqui-hires

Public companies
79
Performance indicators of public companies in Chatbots
IPO Date Company
Current
MCap
IPO
Mcap
Revenue P/E
Exchange
Ticker
Sep 1999
eGain (1997, Sunnyvale)
Cloud based Customer Engagement Solutions
$139M $334M $69.4M NASDAQ:EGAN
Virtual Agents and Contact Centre Solutions
WSE:ITL
Stanusch Technologies (2007, Ruda Slaska)
Chatbots > Exit Outlook > Public Companies

Notable Acquisitions
80
Notable Acquisitions in Chatbots
Chatbots > Exit Outlook > Notable Acquisitions
2017
Acquirer: Cisco Deal: $125M
Platform to develop intelligent conversational
interfaces
2016
Acquirer: Samsung Deal: $215M
Creating advanced conversational interfaces and
assistants
2010
Acquirer: Apple Deal: $200M
Personal Assistant application service

Most Active Acquirers
81
Chatbots > Exit Outlook > Most Active Acquirers

Acqui-hires
82
List of Acqui-hires in Chatbots
Excludes all details for Chinese companies
Date Target
Dec-17 Next IT Acq by Verint
Nov-17 iDelivr Acq by Phonon.in
Oct-17 Ernest Acq by MoneyFarm
Oct-17 Init.ai Acq by Apple
Sep-17 Motion Acq by HubSpot
Sep-17 Evature Acq by Booking.com
Aug-17 Nanorep Acq by LogMeIn
Jul-17 Ozlo Acq by Facebook
Jul-17 Joe Hukum Acq by Freshworks
Jul-17 Kitt.ai Acq by Baidu
May-17 Dimon Acq by JFrog
May-17 Qlue Acq by ServiceNow
Oct-16 Chatimity Acq by Freshworks
Sep-16 Dialogflow Acq by Google
Aug-16 Genee Acq by Microsoft
Date Target
Jul-16 Meekan Acq by Doodle
Jun-16 CodeBaby Acq by iDAvatars
Jun-16 Wand Labs Acq by Microsoft
Apr-16 Airwoot Acq by Freshworks
Apr-16 Kit Acq by Shopify
Jan-16 Statsbot Acq by Google
Oct-15 ZoyoAI Acq by MagicX
Jan-15 Wit.ai Acq by Facebook
May-14 Cognea Acq by IBM
Apr-13 Evi Acq by Amazon
Jan-13
VirtuOz Acq by Nuance
Communications
Aug-06 Kiwilogic Acq by Artificial Solutions
Sep-05 Nuance Communications Acq by ScanSoft
Chatbots > Exit Outlook > Acqui-hires
View all 28 Acqui-hired companies on Tracxn Platform

Contents
Feed Summary
Investment Trend
Market Details
Exit Outlook
Investors
News
Appendix
83
Details on VC & PE Investors
Seed Stage
Early Stage
Late Stage
Details on Top Ecosystem Players

Chatbots > Investors > Index of Most Active VC & PE Investors
Index of Top Investors (VC, PE) by Stage in Chatbots; Last 5 years (Jan 2013 - Dec 2017)
Index of Most Active VC & PE Investors
SEED STAGE
Y Combinator (9 Investments)
Betaworks (7 Investments)
Eniac Ventures (4 Investments)
SV Angel (4 Investments)
Bowery Capital (3 Investments)
Kae Capital (3 Investments)
Two Sigma Ventures (2 Investments)
Lerer Hippeau Ventures (2 Investments)
Bessemer Venture Partners (2 Investments)
Khosla Ventures (2 Investments)
Eleven Two Capital (2 Investments)
Rembrandt Venture Partners (2 Investments)
Converge (2 Investments)
Streamlined Ventures (2 Investments)
EARLY STAGE
Pritzker Group (2 Investments)
Greylock Partners (2 Investments)
Sequoia Capital (2 Investments)
Felicis Ventures (2 Investments)
Webb Investment Network (2 Investments)
Accel Partners (2 Investments)
IDG Ventures India (2 Investments)
Fenox Venture Capital (2 Investments)
Intel Capital (2 Investments)
Comcast Ventures
Mohr Davidow Ventures
Two Sigma Ventures
Inovia Capital
DCM Ventures
LATE STAGE
SoftBank Capital
Comcast Ventures
Revolution
Georgian Partners

Contents
Feed Summary
Investment Trend
Market Details
Exit Outlook
Investors
News
Appendix
86
Seed Stage
Early Stage
Late Stage

Y Combinator
87
Portfolio in Chatbots | Exits | Funds Link | Website | LinkedIn | Twitter
Chatbots > Investors > Y Combinator
People
Investments
[Minicorn] Magic (2015, San Francisco, $12.1M, Series A)
Provides anything on demand with only SMS
[Minicorn] Clara (2014, San Francisco, $11.8M, Series A)
[Minicorn] Replika (2016, San Francisco, $11M, Series A)
[Minicorn] msg.ai (2014, New York City, $2.7M, Seed)
Artificial Intelligence for conversational commerce
Chatbots Notable Portfolio
[Unicorn] Airbnb (2008, San Francisco, $3.4B, Series F)
Marketplace for vacation rental accommodations
[Unicorn] Instacart (2012, San Francisco, $675M, Series D)
Marketplace for same-day grocery delivery
[Unicorn] Dropbox (2007, San Francisco, $607M, Series C)
Cloud-based file sharing and synchronization software
[Unicorn] Zenefits (2013, San Francisco, $584M, Series C)
SaaS HR Platform for SMBs
[Unicorn] Stripe (2010, San Francisco, $473M, Series D)
Web & Mobile Payments for Developers
[Unicorn] Ginkgo Bioworks (2008, Boston, $429M, Series D)
Designs microbes to produce cultured ingredients
[Unicorn] MZ (Machine Zone) (2008, Palo Alto, $263M, Series B)
Mobile game developer
[Unicorn] Docker (2008, San Francisco, $243M, Series E)
LXC based OS-level virtualization technology and PaaS
[Unicorn] Coinbase (2012, San Francisco, $217M, Series D)
Digital currency exchange & wallet provider
Other Notable Portfolio
Top Exits
Recent News on Fund & Portfolio
Michael Seibel
CEO
Geographical Spread Stage of Entry
Nov 2017
Replika AI Confidant Raises $6.5 million in Series A.2
Funding On Heels of the Personal Chatbot Opening to 1.5
Million Users on the Waitlist, PR Newswire
Sep 2017
clara Labs Inc files to say it raised $11.6 million in equity
financing, Reuters
Jul 2017
Clara Labs nabs $7M Series A as it positions its AI
assistant to meet the needs of enterprise teams, Starter
Incubator
Nov 2016
Message.io Partners with Microsoft to Translate Bots to
Microsoft Teams Platform, Business Wire
Nov 2016 Message.io Raises $2.5m in Seed Funding, FinSMEs
Sep 2016 Marc Andreessen on the atomization of AI, TechCrunch
Sep 2016
Facebook steps in to prove the value of chatbots with
Tommy Hilfiger, TechCrunch
Aug 2016 How to build and launch your own Slack bot, VentureBeat
Aug 2016
Accompany’s digital chief-of-staff application launches in
beta, TechCrunch
Jul 2016
How Facebook Messenger clawed its way to 1 billion
users, TechCrunch
None
1
2
3
2
3
2013 2014 2015 2016 2017 2018
Follow On New Investments
-
-
-
1
9
Undisclosed
Series C+
Series B
Series A
Seed10
-
-
-
-
US

Betaworks
88
Chatbots > Investors > Betaworks
People
Investments
[Minicorn] Poncho (2013, New York City, $4.4M, Seed)
[Soonicorn] Giphy (2012, New York City, $152M, Series D)
GIF search engine; GIF creation and sharing app
[Soonicorn] Medium (2012, San Francisco, $132M, Series C)
Web blog-publishing platform
[Soonicorn] Song Kick (2007, Brooklyn, $59.5M, Series C)
Concert Listings Site
[Soonicorn] Chain (2014, San Francisco, $43.7M, Series B)
Designing blockchain applications for organizations
[Soonicorn] IFTTT (2010, San Francisco, $39M, Series B)
Enables users to connect different web and mobile applications to
automate the workflow
[Soonicorn] Kickstarter (2009, Brooklyn, $10M, Series B)
Creative project funding
[Minicorn] Ubermedia (2010, Pasadena, $34.6M, Series B)
Location based mobile audiencePlatform
[Minicorn] StockTwits (2008, San Diego, $13.3M, Series C)
Communication platform for the trading and investment community
[Minicorn] Against Gravity (2016, Seattle, $5M, Seed)
VR-based social gaming platform developer
[Minicorn] Upclose (2015, Madrid, $2M, Seed)
Live video broadasting app, Developed by Betaworks
Top Exits
Poojitha Preena
Co-founder, Investor
& Advisor
John Borthwick
CEO
Aug 2017
Poncho weather service picks up $2.4 million from
Lightspeed Venture Partners, Tech News Universe
Mar 2017
Startup Dexter Releases Do-It-Yourself Chatbot Creator,
eWEEK
Feb 2017
Statsbot helps businesses pull their data into Slack,
TechCrunch
Jan 2017
Slack makes another 11 new investments in its Slack
fund, TechCrunch
Dec 2016
Google Analytics bot for Slack raises $1.6 million from US
funds, East-West Digital News
Sep 2016
Banks urged to wait 2 or 3 years before offering bots to
customers, VentureBeat
Aug 2016
Betaworks-backed Dexter raises $2.3 million to build you
a chatbot, VentureBeat
Aug 2016
Here’s the 18th batch of companies from 500 Startups,
TechCrunch
None
2
1
2
4
1
2013 2014 2015 2016 2017 2018
1
-
-
-
7
Undisclosed
Series C+
Series B
Series A
Seed6
1
1
-
-
US
Canada
Europe

Eniac Ventures
89
Chatbots > Investors > Eniac Ventures
Investments
[Unicorn] Airbnb (2008, San Francisco, $3.4B, Series F)
Marketplace for vacation rental accommodations
[Unicorn] Twitter (2006, San Francisco, $755M, Public)
Social networking platform for real-time updates
[Unicorn] Automattic (2005, San Francisco, $191M, Series C)
The company behind Wordpress.com
[Soonicorn] Hyperloop One (2014, Los Angeles, $414M, Series
C)
Hyperloop research
[Soonicorn] SoundCloud (2007, Berlin, $363M, Series F)
Ad-supported music streaming open platform
[Soonicorn] Boxed (2013, New York City, $133M, Series C)
Discounted Bulk-sized Products
[Soonicorn] mParticle (2012, New York City, $73.6M, Series C)
Mobile Data Management and Activation Platform
[Soonicorn] Meta (2012, Redwood City, $73M, Series B)
AR headsets for holographic interactions
[Soonicorn] Localytics (2008, Boston, $59.7M, Series D)
Mobile App User Analytics & Marketing
[Minicorn] AutoFi (2015, San Francisco, $29.5M, Series A)
Point of sale solution for financing a vehicle online
[Minicorn] Navdy (2013, San Francisco, $26.5M, Series A)
Voice controllable heads-up display for cars
[Minicorn] Owlet Baby Care (2013, Lehi, $23M, Series B)
Vitals monitoring for baby's health
[Minicorn] Eden (2015, Redwood City, $13.3M, Series A)
On-demand office support
Top Exits Recent News on Fund & Portfolio
Nov 2017
Snips lets you build your own voice assistant to embed
into your devices, TechCrunch
Jun 2017 Snips grabs $13 mln Series A, PE Hub
Feb 2017
TechCrunch
Jan 2017
fund, TechCrunch
Dec 2016
Nov 2016
Message.io Partners with Microsoft to Translate Bots to
Microsoft Teams Platform, Business Wire
Nov 2016 Message.io Raises $2.5m in Seed Funding, FinSMEs
Sep 2016
How the Digit bot helped people save $230 million,
VentureBeat
Aug 2016
These 5 chatbots have saved people more than $10
million, VentureBeat
Aug 2016
TechCrunch
None
11
3
2013 2014 2015 2016 2017 2018
-
-
-
-
4
Undisclosed
Series C+
Series B
Series A
Seed3
1
-
-
-
US
Europe

SV Angel
90
Chatbots > Investors > SV Angel

Bowery Capital
91
Chatbots > Investors > Bowery Capital

Kae Capital
92
Chatbots > Investors > Kae Capital

Two Sigma Ventures
93
Chatbots > Investors > Two Sigma Ventures

Lerer Hippeau Ventures
94
Chatbots > Investors > Lerer Hippeau Ventures

General Catalyst Partners
95
Chatbots > Investors > General Catalyst Partners

Bessemer Venture Partners
96
Chatbots > Investors > Bessemer Venture Partners

Khosla Ventures
97
Chatbots > Investors > Khosla Ventures

Eleven Two Capital
98
Chatbots > Investors > Eleven Two Capital

Rembrandt Venture Partners
99
Chatbots > Investors > Rembrandt Venture Partners

Converge
100
Chatbots > Investors > Converge

Streamlined Ventures
101
Chatbots > Investors > Streamlined Ventures

Contents
Feed Summary
Investment Trend
Market Details
Exit Outlook
Investors
News
Appendix
102
Seed Stage
Early Stage
Late Stage

Pritzker Group
103
Chatbots > Investors > Pritzker Group

Greylock Partners
104
Chatbots > Investors > Greylock Partners

Sequoia Capital
105
Chatbots > Investors > Sequoia Capital

Felicis Ventures
106
Chatbots > Investors > Felicis Ventures

Webb Investment Network
107
Chatbots > Investors > Webb Investment Network

Accel Partners
108
Chatbots > Investors > Accel Partners

General Catalyst Partners
109
Chatbots > Investors > General Catalyst Partners

IDG Ventures India
110
Chatbots > Investors > IDG Ventures India

Fenox Venture Capital
111
Chatbots > Investors > Fenox Venture Capital

Intel Capital
112
Chatbots > Investors > Intel Capital

Comcast Ventures
113
Chatbots > Investors > Comcast Ventures

Mohr Davidow Ventures
114
Chatbots > Investors > Mohr Davidow Ventures

Two Sigma Ventures
115
Chatbots > Investors > Two Sigma Ventures

Inovia Capital
116
Chatbots > Investors > Inovia Capital

DCM Ventures
117
Chatbots > Investors > DCM Ventures

Contents
Feed Summary
Investment Trend
Market Details
Exit Outlook
Investors
News
Appendix
118
Seed Stage
Early Stage
Late Stage

SoftBank Capital
119
Chatbots > Investors > SoftBank Capital

Comcast Ventures
120
Chatbots > Investors > Comcast Ventures

Revolution
121
Chatbots > Investors > Revolution

122
Chatbots > Investors > Nokia Growth Partners

123
Chatbots > Investors > Sigma Prime Ventures

Georgian Partners
124
Chatbots > Investors > Georgian Partners

Contents
Feed Summary
Investment Trend
Market Details
Exit Outlook
Investors
News
Appendix
125
Incubators
Other Notable Investors

Chatbots > Investors > Index of Ecosystem Investors
Index of Top Ecosystem Investors in Chatbots; Q0 2013 - Q3 2017
Index of Ecosystem Investors
INCUBATOR
500 Startups (15 Investments)
Techstars (7 Investments)
Boost VC (4 Investments)
FF Venture Capital (3 Investments)
Wells Fargo Startup Accelerator
Alchemist Accelerator
AngelCube
Axel Springer Plug and Play Accelerator
Barcamper
Code Republic
Founder Institute
GrowthX
GSF
INiTS
Entrepreneur First
OTHER NOTABLE INVESTORS
Slack (7 Investments)
Startupbootcamp (6 Investments)
Plug and Play Tech Center (3 Investments)
Bpifrance (2 Investments)
Gunder (2 Investments)
Kstart (2 Investments)
NFX Guild (2 Investments)
Adarsh Developers
Aecal
American Express
Anchor Worldwide
MAS Angel Fund
BDC Capital
BeyondKey

Contents
Feed Summary
Investment Trend
Market Details
Exit Outlook
Investors
News
Appendix
127
Incubators
Other Notable Investors

500 Startups
128
Chatbots > Investors > 500 Startups
People
Investments
[Minicorn] Growbot (2015, San Francisco, $1.7M, Seed)
Messaging bot designed for congratulating co-workers via Slack
[Editor's Pick] Job Pal (2016, Berlin, $200k, Seed)
Chatbots for candidate engagement and pre-screening for recruitment
[Unicorn] Grab (2012, Singapore, $1.4B, Series G)
Taxi Booking App
[Unicorn] Credit Karma (2007, San Francisco, $370M, Series D)
Aggregator of various consumer financial products.
[Unicorn] Twilio (2007, San Francisco, $240M, Public)
Cloud Communications API provider
[Soonicorn] Udemy (2010, San Francisco, $173M, Series D)
Marketplace for online courses
[Soonicorn] Smule (2008, San Francisco, $144M, Series F)
Developer of social music-making & sharing apps
[Soonicorn] Intercom (2011, San Francisco, $116M, Series D)
Customer communication and Retention Platform
[Soonicorn] Ipsy (2011, San Mateo, $107M, Series B)
Subscription for beauty products
[Soonicorn] Life360 (2008, San Francisco, $94.6M, Series C)
Mobile app that connects family members and close friends
[Soonicorn] VTS (2011, New York City, $87.8M, Series C)
Leasing and asset management software for brokers, investors &
owners.
[Soonicorn] SendGrid (2009, Boulder, $80.5M, Public)
Email delivery and analytics
Top Exits
Dave McClure
Founder, Partner
Dec 2017
Indonesia’s Kata.ai launches Kata Bot Platform, Digital
News Asia
Nov 2017
Snips lets you build your own voice assistant to embed
into your devices, TechCrunch
Aug 2017
Indonesia's Kata.ai raises US$3.5mil in Series A round,
Digital News Asia
Jun 2017 Snips grabs $13 mln Series A, PE Hub
Mar 2017
Indonesia’s KataAi rises from the remains of YesBoss, to
close series A round soon, Deal Street Asia
Feb 2017
TechCrunch
Jan 2017
fund, TechCrunch
Dec 2016
Aug 2016
Game on! This is a time for VCs and entrepreneurs to be
optimistic, VentureBeat
Aug 2016
TechCrunch
None
7
5
1
2013 2014 2015 2016 2017 2018
3
-
-
1
12
Undisclosed
Series C+
Series B
Series A
Seed7
4
2
1
1
US
Europe
SEA
New Zealand
China

Techstars
129
Chatbots > Investors > Techstars
People
Investments
[Unicorn] Uber (2009, San Francisco, $12B, Series H)
Mobile app that connects passengers with vehicle drivers for hire
[Unicorn] Twilio (2007, San Francisco, $240M, Public)
Cloud Communications API provider
[Soonicorn] Remitly (2011, Seattle, $215M, Series D)
Cross-border money transfer using banking networks.
[Soonicorn] ClassPass (2011, New York City, $154M, Series C)
Membership programs for fitness classes across multiple gyms
[Soonicorn] DataRobot (2012, Boston, $125M, Series C)
Automated machine learning platform for data science applications
[Soonicorn] DigitalOcean (2011, New York City, $124M, Series
B)
SSD cloud hosting
[Soonicorn] Placester (2008, Cambridge, $101M, Series D)
Real Estate Marketing platform
[Soonicorn] Sphero (2010, Boulder, $95.5M, Series D)
Smartphone controlled robotic gaming toy for kids
[Soonicorn] PillPack (2013, Boston, $93.9M, Series D)
Periodic delivery of Medications - Subscription based
[Soonicorn] SendGrid (2009, Boulder, $80.5M, Public)
Email delivery and analytics
[Soonicorn] Threat Stack (2012, Massachusetts, $72.2M, Series
C)
Continuous monitoring & security of workloads running in AWS
[Soonicorn] Distil Networks (2011, Arlington, $65M, Series C)
Content protection network and anti bot solution
[Soonicorn] Localytics (2008, Boston, $59.7M, Series D)
Mobile App User Analytics & Marketing
Top Exits
Brad Feld
Co-Founder
David Brown
Co-Founder and co-
CEO
David Cohen
Founder and co-CEO
Jan 2017 Edtech startup AdmitHub scores $2.95 mln seed, PE Hub
Aug 2016
Polly.ai raises $1.2 million to help companies poll their
employees, VentureBeat
Aug 2016
Venture Capital and Investment Funding Report 82016,
Alacrity Foundation
Jun 2016
Kasisto’s new bots want to be the Ask Me Anything of
personal finance, VentureBeat
Jun 2016
Founders' Keepers: How AdmitHub began building
chatbots for colleges, AdmitHub
May 2016 Tips for Slack bot onboarding, VentureBeat
None
1 1 1
2
2013 2014 2015 2016 2017 2018
2
-
-
-
5
Undisclosed
Series C+
Series B
Series A
Seed5
2
-
-
-
US
Europe

Boost VC
130
Chatbots > Investors > Boost VC
People
Investments
[Editor's Pick] Octane (2016, San Francisco, $1.5M, Seed)
Platform to create & manage Bots
[Soonicorn] 8i (2014, Wellington, $41.5M, Series B)
Tools for volumetric video capture
[Minicorn] Veem (2014, San Francisco, $40M, Series B)
B2B payment platform.
[Minicorn] Abra (2014, Mountain View, $30M, Series B)
Fiat money remittance based on bitcoin
[Minicorn] Transcriptic (2012, Menlo Park, $27.7M, Series A)
Cloud-based remote robotic bio-lab
[Minicorn] Pillow (2014, San Francisco, $16.2M, Series A)
Software solution provider for vacation rentals
[Minicorn] SnapCard (2013, San Francisco, $8.6M, Series A)
Bitcoin wallet & payment processor
[Minicorn] Wyre (2013, San Francisco, $7.5M, Series A)
International money transfers using blockchain
[Minicorn] 7shifts (2011, Regina, $4.7M, Series A)
Online employee scheduling software
[Minicorn] BlockCypher (2013, Redwood City, $3.5M, Seed)
Cloud-optimized full blockchain nodes
[Minicorn] Hijro (2014, Lexington, $2.5M, Seed)
Software platform for cross-border B2B trade
[Minicorn] Cognito (2013, San Francisco, $2M, Seed)
Identity verification platform
[Minicorn] Hedgy (2014, San Francisco, $2M, Seed)
Marketplace for hedging contracts on the Bitcoin.
Top Exits
Adam Draper
Founder & MD
Brayton
Williams
Founder & Partner
Jul 2017 Visabot helps you cut green-card red tape, VentureBeat
Apr 2017
Boost VC Announces Tribe 9 Companies! – Adam –
Medium, Medium
Mar 2017
Octane AI comes out of beta and unveils Convos,
Marketwired
Feb 2017
Visabot wants to help dreamers apply for DACA program
to avoid deportation, VentureBeatNone
1
2
2013 2014 2015 2016 2017 2018
1
-
-
-
3
Undisclosed
Series C+
Series B
Series A
Seed3
1
-
-
-
US
Europe

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