ASAPP

ASAPP

AI tools for enhancing customer service

About ASAPP

Simplify's Rating
Why ASAPP is rated
B-
Rated C on Competitive Edge
Rated B on Growth Potential
Rated B on Rating Differentiation

Industries

Enterprise Software

AI & Machine Learning

Company Size

201-500

Company Stage

Series C

Total Funding

$369.6M

Headquarters

New York City, New York

Founded

2014

Overview

ASAPP provides AI-powered tools to improve customer service operations. Their main product is a conversational AI voice and chat agent that accurately transcribes calls, automates call summaries, and generates automated responses to enhance agent productivity. Targeting businesses with high volumes of customer interactions, such as call centers and support departments, ASAPP operates in the customer experience market, which is growing as companies focus on customer satisfaction. They offer their services through a subscription model, allowing clients to access their tools while ensuring ongoing updates. ASAPP's goal is to enhance human performance in customer service by addressing inefficiencies and providing insights that help businesses make informed decisions and improve customer experiences.

Simplify Jobs

Simplify's Take

What believers are saying

  • CoachingAI automates quality assurance, allowing supervisors to focus on agent coaching.
  • Frank Slootman's board membership could enhance ASAPP's strategic market positioning.
  • AutoTranscribe's high accuracy improves contact center efficiency by reducing transcription errors.

What critics are saying

  • Emerging AI startups could erode ASAPP's market share with similar solutions.
  • Rapid AI advancements may lead to obsolescence if ASAPP doesn't innovate.
  • Data privacy concerns and regulatory scrutiny could impact ASAPP's operations and client trust.

What makes ASAPP unique

  • ASAPP's AI Native products enhance productivity by automating workflows and augmenting human activity.
  • The CXP platform provides real-time guidance for customer care and sales agents.
  • ASAPP's machine learning models continuously learn from interactions, improving agent performance without manual programming.

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Funding

Total Funding

$369.6M

Above

Industry Average

Funded Over

3 Rounds

Series C funding is usually for startups that are doing well and are looking for more money to fuel major growth, such as acquiring other companies, expanding into global markets, or launching new product lines. Investors typically include larger venture capital firms and private equity.
Series C Funding Comparison
Above Average

Industry standards

$50M
$50M
Medium
$62M
SeatGeek
$100M
Oura
$120M
ASAPP

Benefits

Learning & Development

Comprehensive Health Benefits

Daily Catered Meals

Vacation

401K Program

Family Leave

Growth & Insights and Company News

Headcount

6 month growth

2%

1 year growth

0%

2 year growth

0%
Yahoo Finance
Jun 20th, 2024
ASAPP Named a Leader in Digital Customer Interaction Solutions by Top Independent Research Firm

ASAPP named a Leader in Digital Customer Interaction Solutions by top independent research firm.

SalesTechStar
Sep 11th, 2023
Snowflake CEO and Chairman Frank Slootman Joins ASAPP's Board of Directors

ASAPP, the generative AI company for contact centers, announced that Frank Slootman, CEO and chairman of Snowflake, has joined its Board of Directors.

SalesTechStar
Aug 1st, 2023
ASAPP launches coachingai, A Generative AI Product to fully automate quality assurance for 100% of contact center interactions

ASAPP, the Generative AI company for contact centers, introduced CoachingAI, a new product that automates the quality evaluation for 100% of contact center interactions, enabling supervisors and quality analysts to spend more time coaching their agents and less time evaluating them.

VentureBeat
Jun 10th, 2023
How Ai Is Transforming Business Outcomes Across Industries And Sectors

Join top executives in San Francisco on July 11-12, to hear how leaders are integrating and optimizing AI investments for success. Learn More. Since late last year, AI development has gained momentum at what seems like an inexorable pace. From large language models (LLMs) like GPT-4 that are capable of extraordinary cognitive feats (like scoring in the 90th percentile on the Uniform Bar Examination) to ASR platforms like ASAPP (which has reached 98.25% accuracy), it’s clear that the tempo of progress in AI will only continue to accelerate. Improvements in the field have been so rapid that a petition to impose a moratorium on training AI systems has received more than 27,000 signatures, including from many leading AI researchers, intellectuals and entrepreneurs. While caution is certainly warranted when it comes to technology as powerful as AI, the potential benefits of these systems are so vast that we will soon see rising AI adoption across a sprawling range of industries and sectors. The competitive advantages offered by AI will hasten its rate of adoption, and the technology will become increasingly differentiated by sector and use case. This means AI will become deeply embedded in the daily operations of a surging number of companies — a shift that will fundamentally alter how market share is distributed, which products and services are available to customers and how companies position themselves in the world. Why AI adoption will be rapid and widespreadIntelligence is the most powerful and dynamic resource we have — it’s an engine of innovation, it can be put toward unlimited purposes, and in the case of AI, it even has the potential to be recursively self-improving

Asapp
May 9th, 2023
ASAPP Launches Generative AI AutoAssist to Provide Real-Time Assistance for Contact Center Agents

“At ASAPP, ASAPP, Inc develop generative AI products to help leading brands transform their contact center into a revenue driver by giving their agents tools and insights to deliver optimal service.

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