Total raised
$10.5M
Last: Series A 2015-06
Stage
Acquired
Founded
2011
Headcount
13
HQ
Herzliya
Sector
Business Software
About
Colabo allows businesses to combine their human, in-store, and digital assets. Customers can initiate conversations with retailers via text or voice from anywhere using natural language. Conversations are handled seamlessly by a combination of AI bots and human experts. Colabo automates follow-ups with customers to ensure satisfaction and retention.
Colabo's customers are seeing results including a two-fold increase in conversion rate (from initial customer inquiry to product order), a 150% increase in customer satisfaction (as measured by how likely they are to recommend the service to friends), and a three-month implementation time (from first engagement to first customer transaction).
Funding history · 3 rounds · $10.5M total
2015-06
Series A
$7.0M
2014-05
Series A
$1.5M
2011-01
Seed
$2.0M
Sectors & technology
Primary sector
Business Software
Sub-sectors
Business SoftwareSales & Marketing Solutionse-Commerce Tools
Technologies
Artificial IntelligenceVoice & Speech RecognitionNatural Language Processing
Target customers
Travel & TourismCommerce & Retail
Business model
B2BB2GB2B2C
Highlights
Verified
Tags
cloudretailonline-retailersservice-providersretailersuser-experiencenatural-language-processingecommerceenterprise-solutionsmachine-learningsaasartificial-intelligencecrm