# Automat.ai

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/automat-ai

- Industry: Software
- Headquarters: Montreal, Canada
- Website: www.automat.ai
- Total disclosed funding: $8.3M
- Latest round: Series A (Jun 8, 2017)
- Investors on record: 8

## About

Automat.ai develops innovative Conversational AI solutions that enhance the virtual shopping experience by enabling natural interactions between retailers and their customers.Founded in 2016 and headquartered in Montreal, Canada, Automat.ai specializes in Conversational AI technology for retail. The company has undergone strategic development to refine its product offerings, including its core platform, Maestro AI, which was designed to streamline customer interactions. The firm has received a total of USD 8.3 mn in funding through a SERIES A round led by The Brandtech Group LLC, with participation from Comcast Ventures, Omidyar Technology Ventures, Real Ventures, Relay Ventures, and USAA Ventures. The firm has completed two deals, with the latest funding round occurring on June 8, 2017.Automat.ai specializes in Conversational AI solutions designed to enhance the virtual shopping experience for retailers and their customers. Its core product, Maestro AI, utilizes large language models (LLMs) to facilitate natural and autonomous conversations that cater to various customer needs. The platform integrates seamlessly with retailers' inventory systems, ensuring that customers receive real-time product recommendations based on availability. Additionally, Maestro AI features functionalities such as visual browsing and a recommendation engine that personalizes product suggestions using machine learning algorithms. This suite of services aims to improve customer engagement and streamline the shopping process for users, primarily serving clients within North America and Europe.The company's revenue model is primarily based on subscription services and partnerships with retail organizations. Clients typically engage with the firm through multi-year contracts, which provide access to the Maestro AI platform along with ongoing support and updates. Transactions are structured to facilitate both B2B and direct-to-consumer interactions, allowing retailers to leverage the platform's capabilities to enhance customer experience and drive sales. The pricing plans are tailored to the needs of individual clients, focusing on the comprehensive features offered by Maestro AI, including branded product badging and personalized recommendations. This structured approach enables the company to maintain a consistent revenue stream while delivering value to its retail partners.Automat.ai plans to leverage its recent funding to enhance and expand its product offerings, including upcoming features that are currently under development for Maestro AI. The company is also targeting expansion into additional international markets in Europe and Asia by the end of 2022. The recent funding of USD 8.3 mn from the SERIES A round will support these initiatives, allowing Automat.ai to increase its operational capacity and accelerate its market penetration efforts.

## Funding rounds

- Series A, Jun 8, 2017, $8.3M — Comcast Ventures, Relay Ventures, Real Ventures, USAA Ventures, The Brandtech Group LLC, Omidyar Technology Ventures
- Seed, Jul 16, 2016 — Relay Ventures, Indie Enterprises, Real Ventures, Slack Fund, USAA Ventures, The Brandtech Group LLC

## Investors

- Relay Ventures (https://capitalatlas.ai/funds/relay-ventures) — Seed, Series A
- Indie Enterprises (https://capitalatlas.ai/funds/indie-enterprises) — Seed
- Real Ventures — Seed, Series A
- Slack Fund (https://capitalatlas.ai/funds/slack-fund) — Seed
- USAA Ventures (https://capitalatlas.ai/funds/usaa-ventures) — Seed, Series A
- The Brandtech Group LLC — Seed, Series A
- Comcast Ventures (https://capitalatlas.ai/funds/comcast-ventures) — Series A
- Omidyar Technology Ventures (https://capitalatlas.ai/funds/omidyar-technology-ventures) — Series A