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SendBird

SendBird

Provides communication solutions for businesses

About

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.

Company Stage

Series C

Employees

201-500

Industries

Consulting, Hardware, Consumer Software, Enterprise Software

Total Funding

$220.8M

Headquarters

N/A

Founded

2013


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Simplify's Take

What believers are saying

  • The integration of advanced AI models like Solar LLM and partnerships with Upstage.ai enhance Sendbird's capabilities in AI-driven customer engagement.
  • Sendbird's new business messaging platform aims to reduce SMS costs by 30%, offering significant cost savings for businesses.
  • The launch of no-code AI chatbots tailored for SMBs opens up new market opportunities and makes advanced customer engagement tools accessible to smaller businesses.

What critics are saying

  • The competitive landscape in communication APIs is intense, with major players like Twilio and Nexmo posing significant threats.
  • Relying on third-party AI models for chatbot functionalities could lead to dependency issues and potential disruptions if partnerships dissolve.

What makes SendBird unique

  • Sendbird's comprehensive suite of communication APIs, including chat, voice, and video, offers a more integrated solution compared to competitors who may specialize in only one area.
  • The company's focus on providing no-code AI chatbot solutions makes it accessible for small-to-medium-sized businesses, unlike competitors that may require extensive technical resources.
  • Sendbird's global reach and ability to handle billions of interactions monthly set it apart as a robust and scalable solution for enterprises.

Growth & Insights
Headcount

6 month growth

2%

1 year growth

-8%

2 year growth

-18%

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