# Boost AI

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

- Industry: Software
- Headquarters: Sandnes, Norway
- Website: www.boost.ai
- Total disclosed funding: $5M
- Latest round: Seed (Feb 9, 2018)
- Investors on record: 1

## About

Boost AI delivers a Conversational AI platform tailored for enterprises, focusing on automating customer interactions, particularly in regulated industries such as financial services and public sectors.Founded in 2016 in Sandnes, Norway, Boost AI specializes in Conversational AI technology that allows enterprises to automate customer interactions. The company has undergone no notable pivots and does not have any subsidiaries. The founders are Hadle Selsås, Henry Iversen, and Lars Selsås, while Jerry Haywood serves as CEO. Boost AI has raised a total of NOK 7.000 mn through 4 deals, with the most recent funding round occurring on March 8, 2021, led by Alliance Ventures.Boost AI specializes in providing a Conversational AI platform designed for enterprise use, particularly in heavily regulated sectors such as Financial Services, Insurance, Telecom, and the Public Sector. Their core offerings include advanced natural language understanding (NLU) integrated with large language models (LLMs), allowing businesses to create and manage virtual agents that handle customer inquiries efficiently. The platform complies with security, privacy, and audit requirements, enhancing customer self-service and agent assistance functionalities across various communication channels. Clients seeking improved customer interactions and operational efficiency deploy Boost AI’s solutions in North America, Europe, and parts of Asia.In the most recent year of 2023, Boost AI reported revenue of NOK 16,004,758, with an EBITDA of NOK -3,792,543.7. The company generates revenue primarily through a subscription-based model for its Conversational AI platform and associated services, engaging in B2B transactions where enterprises pay for access to the platform and features like chat and voice automation.Boost AI plans to leverage recent funding from Nordic Capital, which will facilitate growth and expansion into new international markets. This investment will support the development of upcoming products and enhancements to their existing solutions. The company intends to broaden its market reach and target specific regions by 2023, thus positioning itself for future opportunities.

## Funding rounds

- Seed, Feb 9, 2018, $5M — Alliance Venture

## Investors

- Alliance Venture (https://capitalatlas.ai/funds/alliance-venture) — Seed