Conversable, Inc.

Conversable, Inc. specializes in advanced conversational AI and automation solutions that enhance customer engagement across digital platforms, utilizing chatbots and virtual assistants for seamless interaction. Founded in 2015 in Austin, US, Conversable, Inc. focuses on providing AI-driven solutions for customer engagement.

The company was acquired by LivePerson in October 2018, with financial terms of the deal undisclosed. The firm has engaged in 2 deals overall, with the most recent deal occurring in October 2018. The latest funding round was an Angel round, totaling USD 2. 00 mn raised, which is also the total amount raised by the company to date.

Conversable. com specializes in providing advanced conversational AI and automation solutions designed to enhance customer engagement across various digital platforms. Their core product offerings include chatbot and virtual assistant technologies that facilitate seamless interaction between businesses and their customers. These tools resolve common customer inquiries, promote products, and streamline service requests in sectors such as retail, finance, and telecommunications, operating across social media, messaging apps, and websites.

Conversable. com serves a diverse client base that includes major brands and enterprises across North America and Europe, tailoring their products to meet specific market needs. Conversable. com generates revenue through a subscription-based model, where clients pay for access to their conversational AI platforms and associated services.

Their pricing structure includes tiered plans with varying service levels, allowing clients to select features that match their operational needs. Businesses can opt for a basic tier offering essential chatbot functionalities, with the option to upgrade for advanced features such as analytics and integration capabilities. This B2B approach enables companies to leverage Conversable. com’s technology for enhanced customer interaction while maintaining predictable subscription costs, reflecting a commitment to scalable solutions.

Following its acquisition by LivePerson in 2018, Conversable, Inc. plans to leverage additional resources for developing new products and services aimed at enhancing customer engagement. The company intends to expand into new geographic markets, targeting regions in North America and Europe by the end of 2024. The funding raised in the latest Angel round will be utilized to support these initiatives, including the design and launch of innovative solutions that meet the evolving demands of their client base.