Conversica

Conversica

AI-powered virtual assistants for business automation

About Conversica

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

Industries

Consulting

Enterprise Software

AI & Machine Learning

Company Size

51-200

Company Stage

Series E

Total Funding

$128.4M

Headquarters

San Mateo, California

Founded

2007

Overview

Conversica creates AI-powered virtual assistants that help businesses improve their operations, particularly in sales, marketing, and customer service. These assistants automate repetitive tasks such as reaching out to potential customers, following up on leads, and engaging with clients through email and text messages. The technology is built on a platform that uses natural language understanding and generation, allowing the AI to communicate in a way that feels more human-like. Unlike many competitors, Conversica offers a subscription-based service with different tiers, enabling businesses to select the level of AI capabilities that best suits their needs. The goal of Conversica is to enhance customer engagement processes for businesses, making them more efficient and effective.

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Simplify's Take

What believers are saying

  • Conversica is recognized as a leader in B2B conversation automation by Forrester.
  • The company has launched innovative AI agents for automotive dealerships.
  • Conversica's partnership with Oracle showcases successful collaboration with major tech companies.

What critics are saying

  • Emerging AI startups offer similar solutions at lower prices, increasing competition.
  • Data privacy regulations like GDPR could impact Conversica's data processing capabilities.
  • Dependence on third-party platforms like Salesforce poses integration risks.

What makes Conversica unique

  • Conversica offers AI Assistants with superior conversational accuracy and autonomy.
  • The company provides a large library of purpose-built conversational skills.
  • Conversica's AI integrates seamlessly with major marketing platforms like Salesforce and Adobe Marketo.

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Funding

Total Funding

$128.4M

Below

Industry Average

Funded Over

5 Rounds

Series E funding typically includes additional rounds after Series D if the company needs more capital. The business is usually stable, and these rounds are typically used for further expansion or to address market challenges.
Series E Funding Comparison
Below Average

Industry standards

$100M
$25M
Conversica
$245M
Stripe
$250M
Reddit
$1250M
Epic Games
$1500M
Airbnb

Growth & Insights and Company News

Headcount

6 month growth

0%

1 year growth

2%

2 year growth

-4%
PYMNTS
Jan 21st, 2025
Conversica Debuts Conversational Ai Tool For Auto Dealers

Conversational artificial intelligence (AI) provider Conversica has introduced a solution for automotive dealerships. The company’s new AI agents — powered by the AnswersIQ for Auto solution — offers dealers real-time data covering more than 84,000 dealerships and OEM microsites, and nearly 220 million unique auto VINs, Conversica said in a Tuesday (Jan. 21) news release. The solution allows access to live, up-to-the-minute inventory data for each dealership, providing prospective auto buyers a “seamless, personalized” car buying experience, the company added

Market News 24
Jan 21st, 2025
Revolutionize Car Buying: Conversica Unveils Innovative AI Agents for Automotive Dealerships

Conversica, a leading provider of conversational AI solutions, has recently made headlines with the launch of its groundbreaking AI agents designed specifically for automotive dealerships.

Conversica
Dec 6th, 2024
Revamping Experience Conversica: A Journey of Improvement and Innovation

When Conversica first launched this live demo environment, it was designed to allow prospects to try out its solution without the pressure of a sales pitch.

Nuvia
Dec 5th, 2024
Case Studies: Companies Revolutionizing Sales with AI

AI Implementation: Oracle partnered with Conversica to deploy AI-enabled virtual assistants aimed at attracting and acquiring customers at scale.

Conversica
Sep 24th, 2024
14 Reasons to Fall for Conversica: Fall 2024 G2 Badges

Conversica is excited to announce that Conversica has been awarded 14 new G2 Badges in the Fall 2024 report, with standout recognition in the AI Agent category.

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