The Lunden TechCrunch event is a great opportunity to meet some of the top investors in the technology sector. This year the event is taking place in Stockholm, Sweden. Among the speakers are Assurant Ventures, Frontegg, and Cognigy. These companies are leading the charge to transform the future of IT.
Cognigy, a German-based software company specializing in conversational AI, closed its Series B round of $44 million. The company plans to use the funding to continue scaling its business internationally, as well as develop new partnerships. It also plans to add capabilities to its platform.
The company provides a conversational AI platform for omnichannel customer service and employee support. It can be used on-premise or in the cloud, and can support applications like Slack, Amazon Alexa, and WhatsApp. A number of companies have integrated Cognigy into their systems, including Vueling Airlines, Daimler, and Lufthana.
Cognigy’s platform allows users to develop more natural interactions with chatbots, and provides flexible dialogs. It can integrate with existing live chat tools and standard call center software. It includes a module that helps customers tune their bots and provides feedback on NLU results. It also supports integrations with natural language understanding engines.
The company’s platform can be used to build virtual agents in 120 languages and can run on-premise or in the cloud. It supports extensions written by anyone. It is easy to deploy, integrate, and scale.
The latest round of funding from Frontegg, the company behind the user management platform for B2B SaaS applications, isn’t exactly light years ahead of the competition. In fact, the $40 million Series B round was a mere fraction of the $80 million invested in the company since its earliest days. As such, the company has decided to reinvest much of the funds in new hires, new features and upgrades, and more oomph in the form of infrastructure upgrades. Aside from its scalability, the company’s newest offerings include an augmented reality app, a user analytics and engagement platform, and an enterprise telephony solution. The company’s product line is already attracting new customers in the form of some of the world’s largest telcos and cable companies. As such, the company has garnered the attention of investors and competitors alike. So, who knows what the future may hold? The next time you are in the market for a better way to manage your users, take a look at the Frontegg suite of solutions, which are the front-runners in customer engagement and management.
Assurant Ventures is the corporate venture capital arm of Assurant, Inc., one of the largest global business services providers, offering insurance, housing, and technology solutions to businesses and consumers. Based in Atlanta, Georgia, Assurant Ventures invests in both early stage and later stage companies. Its focus is on supporting Assurant’s business units with a mix of both funding and valuable insights. It works with partners such as Lightspeed Venture Partners, Sequo Capital, Bain Capital Ventures, Greylock Partners, and many more.
Assurant is a Fortune 500 company and is a leading provider of life and health insurance, pre-funded funeral insurance, renters insurance, and extended service contracts. Its products and services are available in 21 countries around the world. Assurant is also known for its innovative product development and delivery. It offers a turnkey technology delivery platform called the Assurant Product Experience Exchange, which is a one-stop solution that allows insurers to easily customize insurance policies and enable embedded protection.
The new investment brings the company’s total assets under management to $90 billion. As a result, the company will be able to double its workforce to more than 1,000 by 2021.