# Front AI

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

- Industry: Software
- Headquarters: Helsinki, Finland
- Website: www.front.ai
- Total disclosed funding: $0.6M
- Latest round: Seed (Mar 11, 2019)
- Investors on record: 2

## About

Front AI is a customer service automation company that enhances service efficiency through AI solutions including chatbots and communication channel optimization tools.Founded in 2019 in Helsinki, Finland, Front AI specializes in automating customer service interactions. The company was established by Jari Annala, Jukka Virkkunen, and Matti Toivonen. They raised EUR 0.5 million in Seed funding on March 11, 2019, from investors including CapMan and Lifeline Ventures, reaching a total amount raised of EUR 0.5 million.Front AI provides a suite of customer service automation tools, including the reChanneld solution for optimizing communication channels and AI chatbots for real-time customer support. These offerings cater to over 50 clients in the Nordic region, particularly in Finland, Sweden, and Denmark, improving customer satisfaction while reducing service costs.In 2023, Front AI reported a revenue of EUR 2,548,450.30 and an EBITDA of EUR -60,080.40, indicating the financial performance associated with its subscription-based model for automation products.Front AI plans to leverage its recent Seed funding of EUR 0.5 million to develop new product offerings and enhance existing solutions. The company aims to expand its market presence across Europe, specifically targeting additional clients in the Nordic region by 2024. The funding will support product development and marketing efforts to facilitate this growth.

## Funding rounds

- Seed, Mar 11, 2019, $0.6M — CapMan, Lifeline Ventures

## Investors

- CapMan — Seed
- Lifeline Ventures (https://capitalatlas.ai/funds/lifeline-ventures) — Seed