SendBird

SendBird

Provides communication solutions for businesses

About SendBird

Simplify's Rating
Why SendBird is rated
B-
Rated B on Competitive Edge
Rated A on Growth Potential
Rated D+ on Rating Differentiation

Industries

Consumer Software

Enterprise Software

Company Size

201-500

Company Stage

Series C

Total Funding

$265.5M

Headquarters

San Mateo, California

Founded

2013

Overview

Sendbird provides communication solutions for businesses, focusing on enhancing customer engagement through chat, voice, and video functionalities. Its main products include Sendbird Chat, which is a chat API that allows businesses to integrate real-time messaging into their applications, featuring message moderation and offline messaging. Sendbird Calls offers high-quality voice and video interactions, while Sendbird Desk provides an embedded support solution for customer assistance within applications. Unlike many competitors, Sendbird operates on a B2B model with a subscription-based pricing structure, allowing for scalability as client needs grow. The goal of Sendbird is to improve customer interactions and support for businesses across various industries.

YC Company
Simplify Jobs

Simplify's Take

What believers are saying

  • Sendbird's no-code AI chatbot taps into the growing demand for easy-to-deploy solutions.
  • The integration with major AI models positions Sendbird as a leader in AI-driven engagement.
  • Expansion into in-app business messaging offers a competitive edge by reducing SMS costs.

What critics are saying

  • Increased competition from providers like Twilio and Agora could impact market share.
  • Privacy concerns over AI model integrations may lead to regulatory scrutiny.
  • Economic downturns could reduce client spending on communication tools, affecting revenue.

What makes SendBird unique

  • Sendbird offers a comprehensive messaging API with chat, voice, and video capabilities.
  • The company provides a no-code AI chatbot solution tailored for small-to-medium-sized businesses.
  • Sendbird integrates with leading AI models like Solar LLM and OpenAI's ChatGPT.

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Funding

Total Funding

$265.5M

Above

Industry Average

Funded Over

4 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
$100M
SendBird

Benefits

Health Insurance

Dental Insurance

Vision Insurance

Life Insurance

Disability Insurance

Health Savings Account/Flexible Spending Account

Unlimited Paid Time Off

401(k) Retirement Plan

401(k) Company Match

Parental Leave

Wellness Program

Growth & Insights and Company News

Headcount

6 month growth

1%

1 year growth

1%

2 year growth

0%
IT Brief
Apr 9th, 2024
Sendbird's new platform aims to cut business SMS costs by 30%

Sendbird, a communications platform which powers 4,000 apps and assists 300 million monthly users, has recently launched a new messaging solution known as Sendbird Business Messaging.

TechTarget
Apr 8th, 2024
Sendbird launches in-app business messaging, dashboard

Sendbird launches in-app business messaging, dashboard.

MarTech Series
Mar 5th, 2024
Sendbird’S No-Code Ai Chatbot Elevates Intelligence With Upstage’S Solar Llm Integration

Sendbird and Upstage.ai Collaborate for Global AI Advancement with Solar LLM Integration and SmartAssistant DeploymentSendbird, a global leader in communication APIs and customizable AI chatbots, announced the integration of Upstage’s large language model (LLM) ‘Solar’ into its no-code generative AI chatbot solution, ‘SmartAssistant’, through a global partnership agreement. This integration puts Solar in good company, among other LLMs integrated with Sendbird, including OpenAI’s ChatGPT, Google’s PaLM2, Meta’s LLaMa2, and AWS’ Sagemaker.Marketing Technology News: MarTech Interview with Allison Breeding, CMO at Apptio, an IBM company“We are thrilled to integrate Solar into Sendbird’s world-class chat solution, further innovating the overall customer journey experience that Sendbird provides.”This partnership aims to enable business owners and companies to easily deploy generative AI chatbots on websites and mobile apps, providing human-like services in customer support and engagement powered by Solar LLM. The first example is deployed on upstage.ai through Sendbird’s SmartAssistant chatbot, powered by the Solar LLM.Sendbird’s global messaging infrastructure facilitates billions of interactions among 300 million users globally every month through its enterprise-level, customisable chat interface. ‘SmartAssistant’ is a solution that allows for the creation and deployment of AI chatbots specializing in customer service by providing just a few pieces of information, without needing a large engineering team. This opens access to the broader market of small-to-medium sized businesses.Marketing Technology News: How Small Businesses Can Help Efficiently Mitigate Information Security RisksUpstage’s ‘Solar’ is the world’s first model with 10.7 billion parameters, boasting exceptional performance. Last month, it ranked first in the global LLM rankings, as measured by AI platform Hugging Face

BNN Bloomberg
Mar 5th, 2024
Sendbird and Upstage.ai Forge Alliance: Solar LLM Energizes SmartAssistant for AI-Powered Customer Engagement

Sendbird partners with Upstage.ai to enhance SmartAssistant with Solar LLM, revolutionizing AI-driven customer support.

MarTech Series
Feb 28th, 2024
Sendbird Introduces A No-Code Ai Chatbot To Help Smbs Automate Customer Interactions

Any small business with a website can now create an AI chatbot in minutes. Sendbird, the industry-leading communications platform for web and mobile apps, today announced the availability of its AI chatbot through easy plug-and-play installation. This low-cost, no-code solution is perfectly suited for small-to-medium-sized businesses in customer-facing industries like e-commerce, healthcare, education, recruiting, travel hospitality, and banking that want to deploy AI to improve customer engagement and support. For just $99 per month, Sendbird offers an AI chatbot starter package that allows for the creation of chatbot personas, knowledge enrichment, workflow integration, and analytics to track performance across support, marketing, and sales initiatives–without needing technical software development or engineering resources. “Today, large enterprises and consumer brands use AI effectively to engage with their customers, clients, and patients. Amazon’s Rufus Shopping Assistant, for example, serves customers in a highly personalized manner and adds value to their experience– but there is no way for a small company to compete,” said Sendbird CEO and Co-founder John S

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