Decagon raises $35 million for AI-powered customer service
Decagon, a startup that sells artificial intelligence-powered customer support solutions, said on Tuesday it had raised $35 million in Series A and seed funding. Accel led the series A round with participation from Andreessen Horowitz.
Decagon uses generative AI to replace or augment a company's customer support workforce.
Elevate Your Tech Prowess with High-Value Skill Courses
Offering CollegeCourseWebsiteIndian School of BusinessProfessional Certificate in Product ManagementVisitIndian School of BusinessISB Product ManagementVisitIIT DelhiCertificate Programme in Data Science & Machine LearningVisit Generative AI, which came to prominence when Microsoft -backed OpenAI launched the viral ChatGPT chatbot in late 2022, is seen as a game-changer for the customer-service industry, as the technology excels at imitating human communication and providing personalized interactions.
The funding round puts Decagon in competition with other well-capitalized customer support AI startups like Forethought, which has raised over $90 million from New Enterprise Associates and other venture capital funds.
Accel partner Ivan Zhou told Reuters that Decagon's product is differentiated because in addition to powering a customer-support chatbot, it also functions as a company's internal customer support liaison and provides services like creating software bug reports, analyzing customer emails to suggest product improvements or writing internal documentation.
