Exceed.ai, a Tel Aviv, Israel-based chatbot platform that allows brands to talk and sell directly to customers over chat, secured $1.5M in funding.
Glilot Capital Partners, a venture capital fund specializing in Enterprise Software, made the investment.
The company intends to use the funds to expand its engineering team.
Founded by Ilan Kasan and Yaron Ismah-Moshe early in 2016, Exceed.ai provides a chatbot solution for brands to increase revenue and customer loyalty by enabling personalized one-on-one conversations with customers at scale, through any messaging application. Using natural language understanding and artificial intelligence, the platform connects to the enterprise product catalog, knowledge base, CRM, as well as other back-end systems and automatically creates a conversational user experience.
Global companies are already using the chatbot to create conversational chatbots for sales, marketing and user engagement.
Exceed.ai, which currently employs a team of 8, is part of a 3rd wave of alumni from SigmaLabs accelerator – a nonprofit program for early-stage ventures located in Tel Aviv.