Lorikeet

Lorikeet

About Lorikeet

Simplify's Rating
Why Lorikeet is rated
C
Rated D+ on Competitive Edge
Rated B on Growth Potential
Rated C on Rating Differentiation

Industries

Enterprise Software

AI & Machine Learning

Company Size

11-50

Company Stage

Seed

Total Funding

$13.6M

Headquarters

Sydney, Australia

Founded

2023

Overview

Company Does Not Provide H1B Sponsorship

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Funded Recently
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Simplify's Take

What believers are saying

  • Lorikeet secured AUD 9 million to enhance its platform and market presence.
  • AI-driven platforms are increasingly adopted in regulated industries.
  • Demand for scalable AI solutions in digital transformation is rising.

What critics are saying

  • Emerging competitors like Ada and Intercom could capture market share.
  • Rapid AI advancements may render Lorikeet's technology obsolete.
  • Economic instability in key markets could affect expansion plans.

What makes Lorikeet unique

  • Lorikeet uses intelligent graph technology for nuanced customer interactions.
  • The platform handles complex support queries, improving customer satisfaction.
  • Lorikeet targets regulated industries like healthcare and finance for AI adoption.

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Funding

Total Funding

$13.6M

Above

Industry Average

Funded Over

2 Rounds

Early VC funding comparison data is currently unavailable. We're working to provide this information soon!
Early VC Funding Comparison
Coming Soon

Benefits

Flexible Work Hours

Company Equity

Growth & Insights and Company News

Headcount

6 month growth

↓ -4%

1 year growth

↑ 0%

2 year growth

↑ 0%
PR Newswire
Feb 4th, 2025
Lorikeet Secures $9 Million In Additional Funding As Market Demand Surges For Its Ai Customer Support Agents

New funding to be used to expand Lorikeet's platform and market presence, helping more companies across complex and regulated industries use AI agents to offer human quality support at scaleSYDNEY, Feb. 4, 2025 /PRNewswire/ -- AI customer experience pioneer Lorikeet today announces it has raised an additional AUD $9 million in funding from Blackbird and its existing investors Square Peg and Skip Capital, fueled by breakout growth in 2024 across key financial centers in Australia, Asia, and the US and just four months after announcing its USD $5 million seed round fundraise last year.Since launching in October 2024, Lorikeet has increased bookings by 3.5 times, and added several unicorns and public companies in the US and Australia as customers and pilot partners, including market leaders such as Eucalyptus in healthcare, Step in banking, and MagicEden in Cryptocurrency. The new funding will be used to further enhance Lorikeet's intelligent graph technology, expand the company's enterprise capabilities, and accelerate go-to-market initiatives across key industries including healthcare, financial services, technology, and more.Customer experience as we know it is broken. Support teams are scattered across time zones, struggling with sky-high turnover rates while customers wait hours or days for help. Basic AI chatbots have failed to fix the problem – they're too rigid to handle anything beyond simple FAQ responses. Even highly funded Silicon Valley darling startups have failed to ship products that can reliably handle complex support cases

Startup Daily
Oct 4th, 2024
Bird Seed: AI customer support platform Lorikeet flies high with $7.3 million raise

Lorikeet was founded in mid-2023 by US-based former Stripe executive Steve Hind and former Google AI senior engineer Jamie Hall.

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