Symbl.ai to Scale its Conversation Intelligence Platform with New Funding
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Symbl.ai to Scale its Conversation Intelligence Platform with New Funding

CIO Review

The increased funds will be put to good use to speed up the company's product and technology roadmaps and to increase sales and marketing of its Conversation Intelligence Platform.

FREMONT, CA: "Products and applications achieve greater adoption by delivering highly personalized user experiences, driven by data and intelligence,” states SurbhiRathore, CEO at Symbl.ai. As part of the $17 million Series A funding round, Great Point Ventures, along with current investors Gutbrain, PBJ Capital, Crosscut, Flying Fish, and Crosscut Ventures, has invested in Symbl.ai to provide the best-in-class Conversation Intelligence (CI) suite of APIs and developer tools. As a result of this new Series A investment, which comes just a year after the company's first product launch and seed financing round of $4.7 million, Symbl.ai's technical and leadership teams will be significantly expanded, and the company's sales and marketing efforts. Ray Lane, a partner at Great Point Ventures and former President and COO of Oracle, will join Symbl.ai's board of directors as part of the financing.

"However, for extracting intelligence and insights from conversations, they are faced with complex and limited options: either invest upfront on open source options with high unpredictability and huge data management cycles or use general purpose NLP that weren’t built to truly understand human conversations with context. As a result they either do not find the right partner for their CI journey limiting their innovation, or have to implement text analytics built for documents on voice conversations. Symbl.ai was built for growing B2B and B2C brands, and is run by industry veterans. We know what it takes to scale conversation intelligence in your product and want to bring context and structure to all conversations so that they can be acted upon in real time without losing on critical information.” adds Rathore.

As an API-driven and programmable platform created for forward-thinking B2B and B2C brands, Symbl.ai is used by companies like Rev.ai, Airmeet, Intermedia, Intuit Bandwidth, and Hubilo. A conversation intelligence infrastructure built on Symbl.ai allows product teams to focus on the user experience without requiring significant engineering resources to construct or scale it. Transcription Plus, Conversation Analytics, Conversation Topics, Contextual Insights, Customer Tracker, Summarization, and more can be included in an existing offering. The most accurate and scalable conversation intelligence stack, Symbl.ai, allows developers to integrate in days rather than months.

With this latest funding round, Symbl.ai will focus on enhancing and expanding its product offerings, accelerating developer onboarding and integrations, and making it easier for developers and product managers to iterate early on the new user experiences for their products—eliminating the need for building ML models from the ground up. In addition, the funds raised will be used to find and hire the best and brightest.

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