Artificial intelligence (AI) based customer and field service platform Neuron7 has raised $10 million (around Rs 53 crore) in its Series A funding round led by Nexus Venture Partners and Battery Ventures.
The company plans to use the funds to grow its product and customer teams in the US, India and expand its customer service intelligence platform to help companies diagnose and resolve issues in seconds.
Read also – [Funding alert] Agritech platform WayCool raises $40 mn in funding
San Jose, California-based Neuron7 was founded in 2020 by Vinay Saini and Niken Patel,It helps enterprises make accurate service decisions at large.
The company claims to deliver service forecasting in seconds by ingesting and analyzing signals from structured and unstructured enterprise data as well as inputs from top experts.
“Knowledge in an enterprise is siloed. Support, field service and engineering expertise is spread across systems, data and experts. Re-thinking the way intelligence is captured and shared across silos in the enterprise, Neuron7.ai creates an enterprise-wide resolution system of record,” said, Niken Patel, CEO of Neuron7.ai.
Since its inception, Neuron7 claimed to be deployed by companies such as Keysight Technologies, Xilinx, Parkview Healthcare, SoftTek and others.
Commenting on this investment, “We’re thrilled to be increasing our investment in and strengthening our partnership with Neuron7.ai,” said, Abhishek Sharma, managing director at Nexus Venture Partners.
“We like Neuron7’s vision of using artificial intelligence and NLP to help customers resolve any issue within seconds and turn customer service into a profit centre,” he added.
Read also – Pine Labs acquires leading API fintech startup Setu
“Neuron7’s technology is a proven productivity enhancer for its customers. It leads to faster ticket resolution and reduces drag on customer agents—meaning customers are happier because their problem is solved faster,” said, Bill Binch, operating partner at Battery Ventures.
Neuron7 helps customer and field service teams diagnose and resolve complex issues in seconds.
The Neuron7 AI platform works with existing customer service systems and a company’s entire body of structured and unstructured service data to help agents, technicians, bots, and self-service portals diagnose and resolve any issue instantly, accurately, and more profitably.
Read also – [Funding alert] Smartphone re-commerce platform Cashify raises $90 mn in Series E round
Groundbreaking AI and Natural Language Processing (NLP) technology unlocks tribal knowledge so that all service team members perform like experts.
Neuron7 is headquartered in San Jose, CA, and backed by Nexus Venture Partners and Battery Ventures.