The Constructor AI 55M series is one of the hottest products on the market right now. Its artificial intelligence is designed to help businesses and organizations reduce their operating costs. Moreover, it has the ability to help them improve customer experiences. In fact, the company recently raised funding from Silversmith Capital Partners, which will help them further expand their product portfolio.
Record revenue growth
A year and a half after its IPO, Constructor has put the cat among the cats in terms of revenue growth, head count, and ad spend. In fact, they may have outdone themselves by one or two notches. The company has partnered with a bevy of household name retailers, including Amazon and Sephora, and boasts a growing customer list. As of press time, the company reported a whopping 23 percent year-over-year growth. As the company’s VP of business development, Joe Ciccarone, explains, Constructor has a track record of introducing big brands to the nuances of digital shopping. For instance, they recently announced a collaboration with Backcountry to bring the latest in on-site product discovery to the masses. The company also recently secured an impressive $55 million Series A funding round led by Silversmith Capital Partners, a San Francisco-based venture firm. The latest round of financing will allow the company to continue its growth and innovation, while putting it to the test in the wild west.
AI-powered software addresses customer experience issues
Artificial intelligence (AI) can be used in customer experience to address many issues. AI can automate and shorten applications, improve productivity, reduce routine tasks, and more. It can also offer deeper insights into your customers’ needs.
Using AI can allow businesses to create a more personalized experience for their customers, and free up human resources to focus on more complex cases. In the process, the company can reduce its costs and increase customer satisfaction.
When a consumer calls with a question about a product, AI can be trained to generate an intelligent response. It can predict whether the customer is likely to return the item. It can also suggest reordering.
Creating a more efficient customer experience can help you attract more consumers, and turn first-time customers into repeat buyers. It can also improve your CSAT score. The best way to ensure that your business is providing a great experience is to identify and fix problems before your customers ever need them.
Funding round led by Silversmith Capital Partners
Silversmith Capital Partners is a Boston-based growth equity firm. Its investments typically range between $15 million and $50 million. In addition to the fund, Silversmith Capital Partners has a number of individual investors who make up its investor base. They are also backed by a number of significant sponsors. These include Rainfall Ventures and Susquehanna Growth Equity.
The Silversmith Capital Partners fund was founded by Jim Quagliaroli and Todd MacLean. The firm has been active in a total of 44 investments. Its portfolio has 6 exits. The organization is usually involved in two or more deals a year. It invests in rounds with up to two partakers.
In March, Silversmith Capital Partners led a $1.34 billion funding round for the firm’s latest growth investment vehicle. It has since made investments in three other companies. Currently, Silversmith Capital Partners has a total of six funds and six team members. It was founded by professionals with more than 40 years of investing experience.
Kira Systems, a software provider of AI-driven contract analytics solutions, has announced a $50 million investment from Insight Partners. This will help fuel the company’s expansion into the corporate market. The software reduces document review time by 20 to 90%. This is done through proprietary machine learning technology. The company previously bootstrapped before securing the financing. The company already has more than 100 employees. The funding will be used to strengthen the company’s product team and expand its sales footprint in Europe.
The teamwork platform Valence has recently announced a $25 million Series A fundraise led by Insight Partners. The company will use the funds to expand its business reach and hire new talent. The company is also planning to build out its product team. In addition, it will expand its sales footprint in Europe. This will help it meet the growing market demand for its service.
The Valence teamwork platform helps managers accelerate the health of their teams through data-driven interventions. It uses guided conversations to encourage a healthy environment for employees and helps them track shared commitments. Through personalized reports, Valence provides managers with real-time insights into their teams’ overall health. It also offers users personality assessments that provide information on individual preferences and team dynamics.