Forethought

Forethought

AI-powered customer support automation platform

About

Forethought.ai enhances customer support using artificial intelligence, primarily through its product SupportGPT™, which employs Large Language Models to automate customer service tasks. This AI is trained on a company's specific data, allowing it to efficiently resolve common inquiries and route complex issues to the right agents. The company also offers Autoflows, a no-code tool that optimizes customer service workflows and tracks performance. Forethought.ai aims to help businesses in sectors like E-commerce, SaaS, and FinTech reduce costs and improve customer experience.

Company Stage

Series C

Employees

51-200

Industries

Consumer Software, Enterprise Software, AI & Machine Learning

Total Funding

$88.5M

Headquarters

San Francisco, California

Founded

2017


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Simplify's Take

What believers are saying

  • Forethought's technology significantly reduces customer service costs and improves resolution times, offering a strong ROI for businesses.
  • The company's continuous product enhancements, such as Autoflows and Agent Response Generation, demonstrate a commitment to innovation and staying ahead in the AI customer support space.
  • High-profile recognitions and strategic hires, like Bhusha Mehta and Mitchell Hanson, bolster Forethought's market credibility and leadership.

What critics are saying

  • The competitive landscape in AI-driven customer support is intense, with numerous players vying for market share.
  • Dependence on the accuracy and reliability of AI models means any shortcomings could directly impact customer satisfaction and business reputation.

What makes Forethought unique

  • Forethought.ai leverages Large Language Models (LLMs) tailored to each company's data, ensuring highly customized and effective customer support solutions.
  • The Autoflows feature offers no-code, natural language customer experience automation, making it accessible and easy to implement for businesses.
  • Recognition in Gartner's 2023 'Cool Vendor in Customer Service and Support Technology' report highlights Forethought's innovative edge in the market.

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Growth & Insights
Headcount

6 month growth

-20%

1 year growth

-23%

2 year growth

-35%

Benefits

Unlimited PTO

Hybrid work

Competitive salary + stock options

Competitive insurance plans

Parental leaves

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