Netomi

Netomi

AI-driven customer service solutions for enterprises

About Netomi

Simplify's Rating
Why Netomi is rated
B+
Rated B on Competitive Edge
Rated A on Growth Potential
Rated B on Rating Differentiation

Industries

Enterprise Software

AI & Machine Learning

Company Size

51-200

Company Stage

Series B

Total Funding

$47.3M

Headquarters

San Francisco, California

Founded

2016

Overview

Netomi provides AI-driven customer service solutions aimed at improving customer experience for large brands across various industries such as eCommerce, entertainment, fintech, SaaS, telecom, travel, and hospitality. The platform operates in two modes: Auto Pilot, where the AI autonomously handles customer queries, and Co Pilot, where it assists human agents by drafting responses or offering suggestions. This flexibility allows businesses to choose the level of automation that fits their needs. Netomi's revenue model is subscription-based, providing enterprise-ready AI solutions that help companies enhance their customer support operations, reduce wait times, and increase efficiency. By integrating AI into customer service, Netomi helps businesses achieve higher customer satisfaction and lower operational costs, distinguishing itself in the conversational AI market.

YC Company
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Simplify's Take

What believers are saying

  • Increased demand for AI-driven customer service enhances Netomi's market potential.
  • Recent $30M funding round boosts Netomi's financial stability and growth prospects.
  • Growing interest in no-code AI platforms aligns with Netomi's offerings.

What critics are saying

  • Emerging AI startups could erode Netomi's market share.
  • Rapid AI advancements require continuous R&D investment to stay competitive.
  • Evolving AI regulations may increase compliance costs for Netomi.

What makes Netomi unique

  • Netomi offers multimodal AI with built-in governance for brand-safe conversations.
  • The platform supports both Auto Pilot and Co Pilot modes for flexible automation.
  • Netomi's no-code solution allows rapid deployment and easy management by non-technical users.

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Funding

Total Funding

$47.3M

Below

Industry Average

Funded Over

3 Rounds

Notable Investors:
Series B funding is typically for startups that have proven their business model and need more funding to expand rapidly—often by entering new markets or adding more products. Investors are usually venture capital firms that specialize in later-stage investments.
Series B Funding Comparison
Below Average

Industry standards

$35M
$30M
Netomi
$45M
Linktree
$65M
Substack
$100M
ClickUp

Growth & Insights and Company News

Headcount

6 month growth

3%

1 year growth

0%

2 year growth

3%
Nearshore Americas
Nov 25th, 2021
Netomi launches bot on Facebook Messenger

Netomi launched the first-ever bot on Facebook Messenger for Sony Pictures’ $100 million movie Goosebumps.

ExploreBit
Nov 19th, 2021
WndrCo - A New Media and Technology invests into Netomi in $30M

Netomi, an AI-first customer service platform that enables companies to deliver the highest quality customer experiences while significantly reducing cost, has secured $30M in Series B funding led by WndrCo, the investment firm co-founded by Jeffrey Katzenberg.

LiveMint
Nov 17th, 2021
AI customer-service startup Netomi raises $30 million

The new round of funding values the company at $210 million, up from a valuation of $67.5 million in 2019

The Wall Street Journal
Nov 17th, 2021
Netomi received financing of $30M in Series B funding round on Jan 1st 19'.

Netomi Inc., a provider of customer-service chatbots, said it has raised $30 million in a Series B funding round that values the company at $210 million, up from a valuation of $67.5 million in 2019.

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