Slang.ai, a NYC-based AI-powered phone answering product, emerged from stealth, announcing it has raised $20 million in funding.
This includes a recent Series A funding round led by Homebrew with participation from Stage 2 Capital, Wing VC, Underscore VC, Active Capital, and Collide Capital. Prominent industry angel investors, including celebrity chef Tom Colicchio and Scott Belsky, Founder of Behance, also participated in the round. Existing investors include executives from technology businesses like Snap, Zoom, and others.
The company intends to use the funds to accelerate its generative AI capabilities, advance product partnerships and integrations in the restaurant, hospitality, retail and e-commerce industries, and double down on sustained growth of the go-to-market team.
Led by CEO Alex Sambvani, Slang helps restaurants, retailers, and other business operators use AI to answer phone calls. For businesses that typically struggle with staffing levels, Slang acts like a team member that gives real-time responses and helps drive more revenue, minimize staff distraction, and improve customer satisfaction.
The product provides AI-powered phone agents specifically tailored for restaurants and retail businesses. The platform leverages natural language processing technology to automate reservations, orders, and dozens of common questions using audio experiences that engage and satisfy their customers.
With a 30-minute onboarding process, Slang has grown quickly to over 200 customers, including Slutty Vegan, Palm House Hospitality Group, STUDS, PLANTA, Hammitt, and Nikki Beach Miami.
FinSMEs
02/11/2023