Friday, August 19, 2022
HomeNewsNeuron7.ai Raises $10M in Series A Funding

Neuron7.ai Raises $10M in Series A Funding

To revolutionize its AI-based customer services, the leading innovator in AI service software has raised money in a funding round led by Battery Ventures and Nexus Venture Partners.

An AI-powered service software firm based in San Jose, California, plans to use the $10M Series A funding to develop its customer and product success teams in the US and India. Vinay Saini and Niken Patel found Neuron7.ai in 2020 to leverage AI and natural language processing (NLP) to enhance service metrics.

The company offers an intelligence platform, the Neuron7 Service Intelligence Platform, a cloud-based solution that gathers intelligence from the data and employees of an organization. This group intelligence is transformed into actionable forecasts that facilitate rapid problem identification and resolution.

Niken Patel, CEO of Neuron7.ai, said, “Knowledge in an enterprise is siloed. Support, field service, and engineering expertise is spread across systems, data and experts”. He added, “Re-thinking the way knowledge/intelligence is captured and shared across silos in the enterprise, Neuron7.ai creates an enterprise-wide resolution system of record.”

Read More: Github’s AI Copilot is now generally available for all developers

Neuron7 has recently introduced many groundbreaking AI services like:

Intelligent Search: discovers the precise response from the entirety of a company’s customer service data and documentation by comprehending the human context of inquiries.

Intelligent Telemetry: transforms data from connected devices into actionable insights and maintenance advice.

Intelligent Diagnostics: provides micro predictive analytics at each step of the procedure and guides the technicians through identifying and addressing the issue.

Neuron7 plans to use the investment to continue bringing innovations to help customers as they shift to outcome-as-a-service business models. Abhishek Sharma, Managing Director at Nexus Venture Partners, said, “We’re thrilled to be increasing our investment in and strengthening our partnership with Neuron7.ai. We like Neuron7’s vision of using AI and NLP to help customers resolve any issue within seconds and turn customer service into a profit center.”

Subscribe to our newsletter

Subscribe and never miss out on such trending AI-related articles.

We will never sell your data

Join our Telegram and WhatsApp group to be a part of an engaging community.

Disha Chopra
Disha Chopra
Disha Chopra is a content enthusiast! She is an Economics graduate pursuing her PG in the same field along with Data Sciences. Disha enjoys the ever-demanding world of content and the flexibility that comes with it. She can be found listening to music or simply asleep when not working!

LEAVE A REPLY

Please enter your comment!
Please enter your name here

Most Popular