Forethought

Forethought

AI-powered customer support automation platform

About

Forethought.ai focuses on enhancing customer support through artificial intelligence. Its main product, SupportGPT™, utilizes Large Language Models (LLMs) to understand and generate human-like text, allowing businesses to automate customer service tasks. This AI is trained on a company's specific data, making it tailored to their needs. The technology is especially useful for sectors like E-commerce, SaaS, and FinTech, as it helps reduce costs and improve customer experience by quickly resolving common inquiries and directing complex issues to the appropriate agents. Additionally, Forethought.ai offers Autoflows, a user-friendly tool for automating customer experience without the need for coding. This feature helps businesses optimize their customer service workflows and track performance. Forethought.ai stands out in the AI and customer service market by providing customized solutions that enhance efficiency and return on investment for its clients.

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 recognized in Gartner's 2023 Cool Vendor report, boosting credibility.
  • AI-driven sentiment analysis tools improve customer service quality and understanding.
  • Integration with CRM systems enhances tracking and management of customer interactions.

What critics are saying

  • OpenAI's 'Operator' agent poses a competitive threat to Forethought's solutions.
  • Rapid AI advancements by competitors increase pressure on Forethought to innovate.
  • Leadership transitions may pose internal restructuring challenges for Forethought.

What makes Forethought unique

  • Forethought uses LLMs to tailor AI support to specific business needs.
  • SupportGPT™ automates customer service, reducing costs and enhancing customer experience.
  • Autoflows offers no-code CX automation, simplifying implementation for businesses.

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Growth & Insights
Headcount

6 month growth

-7%

1 year growth

0%

2 year growth

1%

Benefits

Unlimited PTO

Hybrid work

Competitive salary + stock options

Competitive insurance plans

Parental leaves

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