Connectly, a San Francisco based company, specializing in AI-powered conversational commerce has secured a $ 20 million in Series B funding. The funding round was led by Alibaba, one of the world’s largest retailers and e-commerce companies, accompanied by the participation from Unusual Ventures, Volpe Capital, RX Ventures, Falabella Ventures, and Philippos Kourkoulos Latsis.
Founded in 2020 by Stefanos Loukakos and Yandong Liu, Connectly offers AI-driven conversational solutions. The AI-powered platform optimizes business communication and product sales across multiple messaging platforms such as WhatsApp, Messenger, SMS, Instagram, RCS, and various chatbot messaging apps. Connectly helps companies to boost customer interactions through personalized two-way messaging.
In 2023 Connectly raised $ 7.85 million in Series A investment led by Volpe Capital. In the same year Connectly launched a new AI search for business and Sofia AI, and advanced AI product recommendation assistant.
With the fundings from Series B, Connectly is looking to continue to invest in their proprietary AI models and scale the business as well as increase the workforce number from 65 to 80 employees.
Sources:
Connectly, now backed by Alibaba, taps AI to personalize text messages to customers 11 September 2024
Connectly raises $ 20 million Series B investment to expand AI conversational commerce, scale business 11 September 2024
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