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 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 and support 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 service operations, reduce wait times, and lower operational costs. By focusing on large enterprises, Netomi positions itself as a key partner for brands looking to elevate their customer interactions.

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Simplify's Take

What believers are saying

  • Netomi's AI solutions reduce operational costs by 30%, enhancing profitability.
  • The company secured $30M in Series B funding, boosting its growth potential.
  • Netomi's platform supports omnichannel service, meeting the demand for integrated customer experiences.

What critics are saying

  • Increased competition from emerging AI startups could dilute Netomi's market share.
  • Rapid AI advancements may require continuous R&D investment to maintain competitiveness.
  • Data privacy concerns and potential regulations could impact Netomi's operations.

What makes Netomi unique

  • Netomi offers a no-code AI platform for easy deployment and management.
  • The company provides dual AI modes: Auto Pilot and Co Pilot for flexible automation.
  • Netomi ensures brand-safe conversations with built-in AI governance controls.

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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

Company News

HR Today
Jul 19th, 2024
Joana Eguidazu Urretavizcaya Begins New Role as Chief People Officer for Latin America at GroupM

Shilpi Sardana has been appointed as Associate Director Talent Acquisition & People Success at Netomi, bringing global HR leadership experience and advanced qualifications in human resource management.

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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