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Founded Year

2014

Stage

Series C | Alive

Total Raised

$312.57M

Valuation

$0000 

Last Raised

$120M | 3 yrs ago

Mosaic Score
The Mosaic Score is an algorithm that measures the overall financial health and market potential of private companies.

-26 points in the past 30 days

About ASAPP

ASAPP specializes in generative AI for contact centers, focusing on enhancing customer experience and agent productivity within the customer service domain. The company offers a suite of AI-driven solutions including a fully conversational AI voice and chat agent, accurate speech-to-text transcription, and real-time analytics to improve agent performance and customer satisfaction. ASAPP's products are designed to support various sectors, including insurance, retail, telecommunications, and airlines, by automating tasks and providing insights to optimize customer interactions. It was founded in 2014 and is based in New York, New York.

Headquarters Location

One World Trade Center Floor 80

New York, New York, 10007,

United States

212-658-0990

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ASAPP's Product Videos

ESPs containing ASAPP

The ESP matrix leverages data and analyst insight to identify and rank leading companies in a given technology landscape.

EXECUTION STRENGTH ➡MARKET STRENGTH ➡LEADERHIGHFLIEROUTPERFORMERCHALLENGER
Enterprise Tech / Sales & Customer Service

The generative AI — customer support operations market offers solutions to improve customer support experiences and streamline operations. Generative AI automates and optimizes customer service using chatbots, virtual assistants, ticket routing, and response generation. These solutions use natural language processing and machine learning algorithms to understand customer queries, provide accurate …

ASAPP named as Challenger among 15 other companies, including Microsoft, Cognigy, and Yellow.ai.

ASAPP's Products & Differentiators

    ASAPP Platform

    The self-learning ASAPP platform operates without rules programming, so it’s always current – never brittle. And, as it works it identifies new opportunities to add micro- automations to help your agents and continuously improve efficiency throughout contact center operations

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Research containing ASAPP

Get data-driven expert analysis from the CB Insights Intelligence Unit.

CB Insights Intelligence Analysts have mentioned ASAPP in 4 CB Insights research briefs, most recently on Oct 17, 2024.

Expert Collections containing ASAPP

Expert Collections are analyst-curated lists that highlight the companies you need to know in the most important technology spaces.

ASAPP is included in 5 Expert Collections, including Unicorns- Billion Dollar Startups.

U

Unicorns- Billion Dollar Startups

1,249 items

F

Future Unicorns 2019

50 items

S

Sales & Customer Service Tech

1,058 items

Companies offering technology-driven solutions for brands and retailers to enable customer service before, during, and after in-store and online shopping.

G

Generative AI

942 items

Companies working on generative AI applications and infrastructure.

A

Artificial Intelligence

7,210 items

ASAPP Patents

ASAPP has filed 74 patents.

The 3 most popular patent topics include:

  • artificial neural networks
  • computational linguistics
  • machine learning
patents chart

Application Date

Grant Date

Title

Related Topics

Status

2/24/2022

8/20/2024

Grant

Application Date

2/24/2022

Grant Date

8/20/2024

Title

Related Topics

Status

Grant

Latest ASAPP News

Techsommet Announces Virtual Event on Contact Center Automation & AI - Platinum Sponsor ASAPP

Sep 27, 2024

News Provided By Share This Article Esteemed Speakers, Panelists and Moderator of the event. Unlocking the Future of Contact Centers: Join Us on 30th September 2024 for Expert Insights and Cutting-Edge Solutions It is always a pleasure working with Techsommet. With a very strong speaker and panel lineup, I always look to add value. The audience and all the panelists will agree to the event success.” — Neal Topf (President at Callzilla) SHERIDAN, WY, UNITED STATES, September 27, 2024 / EINPresswire.com / -- As the world shifts towards a digital-first mindset, contact centers—once considered cost centers—are evolving into dynamic, high-value assets powered by AI and automation. The future of customer service is being rewritten, and for businesses looking to stay competitive, understanding and embracing this transformation is no longer optional—it's essential. The Rise of Automation in Contact Centers Contact centers are facing unprecedented challenges. Labor market shortages, margin pressure, and the rising demand for swift, personalized customer experiences have placed extraordinary pressure on service teams. Traditional solutions like workforce expansion or training can only go so far, especially when turnover rates are high and hiring is slow. Enter automation and AI, the game changers that are revolutionizing how contact centers operate. AI is automating routine customer interactions, enabling contact centers to deliver faster responses while improving accuracy. Tasks like answering common queries, routing calls, and analyzing customer sentiment can now be handled by sophisticated AI models, freeing up human agents to focus on more complex, value-driven tasks. From Reactive to Proactive Customer Service: At the forefront of this revolution is the shift from reactive to proactive customer service. AI isn't just handling inquiries; it's predicting customer needs before they even arise. Whether it's flagging issues before they escalate or providing agents with real-time insights on customer sentiment, AI is turning customer service into a strategic advantage. Generative AI is taking this further by enabling contact centers to fill the gaps left by labor shortages. These AI systems are capable of understanding and generating natural human-like responses, allowing businesses to handle surges in customer demand without compromising on quality. How Generative AI Can Fill the Empty Seats in Contact Centers One of the most pressing concerns facing contact centers today is the shortage of skilled labor. As organizations worldwide grapple with talent gaps, particularly in customer service roles, many are turning to Generative AI as a solution. Generative AI not only automates repetitive tasks but also creates the opportunity to have AI-driven interactions that feel personalized and human. By leveraging this technology, contact centers can significantly reduce the need for additional staff, lower operational costs, and enhance overall customer satisfaction. The integration of Generative AI with existing contact center operations addresses labor shortages while maintaining a seamless customer experience—a win-win for businesses and consumers alike. Techsommet is excited to invite industry leaders, professionals, and innovators to our upcoming Virtual Event on Contact Center Automation & AI , scheduled for 30th September 2024 at 10:00 AM ET. This transformative event is set to explore the latest in AI-powered automation, customer experience (CX) strategies, and real-time data analytics, offering unparalleled insights into the future of contact center operations. Sponsored by ASAPP , our Platinum Sponsor, this event is designed to help contact centers thrive in today’s fast-evolving digital landscape. With a packed agenda of expert-led sessions, attendees will gain invaluable knowledge on leveraging AI to address labor shortages, optimize customer interactions, and enhance overall operational efficiency. Event Sessions and Highlights Session 1: Toil, Labor Market Shortages, and Margin Pressure—How Generative AI Can Now Fill the Empty Seats in the Contact Center Presented by: Santiago de Buen, Product Manager, ASAPP This insightful session will dive into how generative AI is reshaping the contact center landscape by addressing labor shortages and improving productivity. Discover how AI is becoming the key to filling empty seats, reducing operational stress, and increasing margins. Session 2: How to Tackle Negativity: Constructive Crisis Management Discussion between: Allison Quinty, Customer Experience Manager, Luxury Brand Partners This session will cover crisis management strategies and ways to transform negative experiences into constructive outcomes. Learn from industry leaders how to handle customer dissatisfaction with resilience and grace. Session 3: Harnessing Real-Time Data Analytics to Transform Contact Center Operations Presented by: Kumaraguru Loganathan, Manager, Contact Center Technology, Priceline Discover how real-time data analytics can revolutionize your contact center's operations by optimizing decision-making processes, boosting customer satisfaction, and streamlining workflows. Panel Discussion: Ensuring the Future of Your CX—Essential Tools and Strategies for Contact Centers Panelists: Matt Carlin, Contact Center Services Manager, Camping World Michael C. Replogle, SVP of Contact Center Advisory Services, Site Selection Group, LLC Santiago de Buen, Product Manager, ASAPP This panel discussion brings together some of the brightest minds in the industry to discuss the tools and strategies necessary for ensuring a robust customer experience (CX) in the evolving contact center environment. Learn from these experts how to future-proof your contact center with technology and innovative approaches. Why Attend? This virtual event is a must-attend for professionals eager to stay ahead of the curve in contact center management, automation, and AI-driven customer experiences. Attendees will have the opportunity to: Network with industry experts and peers. Engage in live discussions and Q&A sessions. Gain practical insights from real-world case studies. Discover the latest trends and technologies shaping the future of contact centers. Register Now Don’t miss this opportunity to transform your contact center operations and enhance your customer service strategies. Register now to secure your spot at Techsommet’s Virtual Event on Contact Center Automation & AI and learn from the best in the business! We look forward to welcoming you to an event packed with innovation, insights, and practical solutions. Whether you're a CX leader or an automation enthusiast, this event promises to provide the tools and strategies you need to lead the future of contact centers. For media inquiries, please contact: dan@techsommet.com Techsommet About Techsommet Techsommet is a leading platform dedicated to bringing together industry professionals through engaging events that focus on technology and business transformation. Our virtual and in-person summits are designed to facilitate knowledge sharing, networking, and innovation in various sectors. Ankit Malviya

ASAPP Frequently Asked Questions (FAQ)

  • When was ASAPP founded?

    ASAPP was founded in 2014.

  • Where is ASAPP's headquarters?

    ASAPP's headquarters is located at One World Trade Center, New York.

  • What is ASAPP's latest funding round?

    ASAPP's latest funding round is Series C.

  • How much did ASAPP raise?

    ASAPP raised a total of $312.57M.

  • Who are the investors of ASAPP?

    Investors of ASAPP include Euclidean Capital, Emergence Capital, John Doerr, HOF Capital, Titanium Ventures and 10 more.

  • Who are ASAPP's competitors?

    Competitors of ASAPP include BirchAI, Stalo, Cresta, Minerva, Recurrent AI and 7 more.

  • What products does ASAPP offer?

    ASAPP's products include ASAPP Platform and 4 more.

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Compare ASAPP to Competitors

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Cresta

Cresta focuses on the application of generative artificial intelligence (AI) in the contact center industry. It offers products that provide real-time coaching to sales and service agents, visibility into team performance, customer insights from conversational data, and automation of common interactions. It primarily serves sectors such as automotive, retail, telecommunication, airlines, finance, insurance, and travel and hospitality. It was founded in 2017 and is based in Palo Alto, California.

Observe.ai Logo
Observe.ai

Observe.ai develops an artificial intelligence (AI) company applying deep learning and natural language processing (NLP) to automate support workflows. Its voice AI platform provides the agent with feedback on customer sentiment and guides them on the next steps during the customer call. It was founded in 2017 and is based in Redwood City, California.

Cogito Logo
Cogito

Cogito specializes in real-time artificial intelligence for contact centers, operating within the technology and customer service sectors. The company offers a suite of software products that provide real-time conversation intelligence, agent assistance, team performance dashboards, and customer and employee experience insights. The company's solutions are designed to enhance the emotional intelligence of agents, improve customer interactions, and optimize contact center operations. It was founded in 2007 and is based in Boston, Massachusetts.

Balto Logo
Balto

Balto specializes in artificial intelligence-powered real-time guidance for contact centers. Their main offerings include a platform that optimizes agent performance, enhances sales conversions, ensures compliance, and improves customer experiences. Its products are primarily sold to sectors such as insurance, financial services, healthcare, home improvement, collections, retail, and BPO. It was founded in 2017 and is based in Saint Louis, Missouri.

E
Ender Turing

Ender Turing specializes in artificial intelligence and data analysis, operating within the call center domain. The company offers performance management software for call centers, which uses AI to speed up quality control, provide coaching for agents, and help build customer satisfaction. It primarily serves the customer service and sales sectors. The company was founded in 2018 and is based in Tallinn, Estonia.

R
Rock

Rock specializes in high-performance gaming laptops and notebooks within the computer hardware industry. The company offers a range of customizable gaming laptops that feature advanced processors, high-definition screens, and dedicated graphics cards. These products cater to gamers and professionals who require powerful portable computing solutions. It is based in Warwick, United Kingdom.

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