# Conversocial

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

- Industry: Internet
- Headquarters: New York, US
- Website: www.conversocial.com
- Total disclosed funding: $11M
- Latest round: Series A (Jul 16, 2014)
- Investors on record: 2

## About

Conversocial Inc., based in New York, US, provides a cloud-based platform that enhances customer engagement through intelligent messaging across multiple channels, enabling businesses to streamline communication and improve customer service efficiency.Conversocial Inc. specializes in customer engagement solutions, established in 2009 in New York, US. The company underwent a significant change when it was acquired by Verint Systems, Inc. in a Trade Sale for USD 53.4 mn in August 2021. Since its founding, it has completed 8 deals with a total amount raised of USD 4.689 mn. The current CEO is Ido Bornstein-Hacohen, who has a history of leadership in the tech industry.Conversocial offers advanced messaging solutions that integrate various communication channels into one platform. This service enables businesses to efficiently manage customer interactions, utilizing intelligent virtual assistants for minimal human intervention while ensuring seamless transitions to live agents when needed.In the most recent year, Conversocial reported a revenue of USD 15.17 mn, with an EBITDA of USD -1.66 mn, reflecting the operational performance during that period.Following its acquisition by Verint Systems, Inc. in September 2021, Conversocial will leverage its resources to enhance digital customer engagement across popular messaging platforms. This strategy includes the design and launch of new products aimed at facilitating better customer interactions. The acquisition proceeds will be utilized to expand the company's offerings and access more global markets, enhancing their presence and services in the customer engagement sector.

## Funding rounds

- Series A, Jul 16, 2014, $5M — Molten Ventures, Octopus Investments
- Series A, May 28, 2013, $3.2M — Octopus Investments
- Series A, May 24, 2011, $2.5M — Molten Ventures

## Investors

- Molten Ventures (https://capitalatlas.ai/funds/molten-ventures) — Series A
- Octopus Investments (https://capitalatlas.ai/funds/octopus-investments) — Series A