Pypestream
| File:Pypestream logo.png | |
| Industry | Enterprise Artificial Intelligence |
|---|---|
| Founded | 2015 in New York City |
| Founder | Richard Smullen |
Pypestream is an American software company that offers a self-service automation platform.[1] The company was founded in 2015 by Richard Smullen, the co-founder of Genesis Media LLC,[2][3][4] and is headquartered in New York City.
Technology
[edit | edit source]The Pypestream platform drives an engagement interface called a Pype that uses conversational AI within a graphical user interface. It gained popularity due to the high cost of assisted-service engagements versus the minuscule cost of self-service engagements, coupled with the brand-enhancing experience delivered by a Pype.[5][6] It is used for customer service, employee service, recruiting, patient service, traveler service, marketing, and other automated engagement use cases. Pypestream couples AI-driven natural-language understanding (NLU) with a widget-based GUI that encourages pointing, swiping and gestures.[3][7]
History
[edit | edit source]In late December 2015, Pypestream's mobile application launched in beta.[3][7]
By April 2016, the company had 500 businesses signed up and using the messaging platform, including Washington Gas and Billboard.[3][8] The same year, the company was named in the Red Herring list of 100 most exciting startups in North America[9] and announced a partnership with Discovery Health, the largest medical scheme administrator in South Africa, in order to include the Pypestream technology in the app for members of Discovery Health Medical Scheme.[10] In July 2016, Pypestream partnered with Insurance Thought Leadership to create a messaging platform specialized for insurance customer service. As of 2016, there were over 12,000 businesses using Pypestream since its launch in December 2015.[11]
In February, 2017, Pypestream raised $15 million in funding from Rick Braddock and The Chattergee Group.[12]
In 2018, Pypestream was named one of the four Hot Vendors in Conversational AI by Aragon Research.[13] Its current clients include Allianz, EY, Google, Sling, Brown & Brown, and Shell.[14][1][15] The company has been granted five patents by the U.S. Patent Office[16] and secured $15 million in funding by W.R. Berkley, bringing their total up to $35 million.[1][17]
References
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