# Gladly Software

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

- Industry: Software
- Headquarters: Millbrae, US
- Website: www.gladly.com
- Total disclosed funding: $181M
- Latest round: Series F (Jul 9, 2024)
- Investors on record: 7

## About

Gladly Software, Inc., headquartered in Millbrae, US, provides an AI-powered customer service platform that centralizes customer interactions, enhancing agent productivity and improving customer satisfaction across various communication channels.Founded in 2014 in Millbrae, California, Gladly Software, Inc. develops an innovative customer service platform focused on creating seamless customer experiences. The company secured its latest funding of USD 40.00 mn in Series F on July 9, 2024, led by AXA Venture Partners. Gladly has raised a total of USD 40.00 mn to date, achieving a current valuation of USD 373.23 mn. The founders, Alex Groth, Dirk Kessler, Michael Wolfe, and Sterling Jenkins, have previously contributed to the technology landscape, with Alex Groth also serving as CEO.Gladly offers an AI-powered Customer Service Platform designed to centralize customer interactions around people rather than tickets. This platform integrates various communication channels, including voice, email, SMS, and self-service options, to create a unified conversation view for customer service agents. Core functionalities leverage AI to enhance agent productivity, streamline customer inquiries, and improve resolution rates. Key use cases include automating customer interactions for brands such as Allbirds and Bombas, which have reported reductions in average handle time and improvements in customer satisfaction scores. Gladly primarily serves clients in North America, including notable companies in the retail and e-commerce sectors such as Nordstrom, REI, and Crate&Barrel, focusing on delivering personalized service to enhance customer loyalty and drive revenue growth.Gladly's revenue model is centered around subscription-based pricing for its customer service platform, targeting mid- to large-sized enterprises seeking to improve their customer experience. Clients typically engage in annual contracts that provide access to the full suite of Gladly’s services, including its flagship AI-driven features that facilitate efficient customer interaction management. The structure of transactions involves B2B interactions, with companies subscribing to Gladly’s platform to enhance their customer service operations. While specific pricing details for individual services are proprietary, the model allows clients to scale their usage based on service needs and organizational growth. This subscription approach enables steady revenue streams while facilitating long-term partnerships with clients across various sectors.In July 2024, Gladly Software, Inc. completed a Series F funding round led by AXA Venture Partners, raising USD 40.00 mn. The company plans to utilize this funding to expand its business operations to new office locations in New York, London, and Paris. This strategic expansion will support Gladly's intent to capture more market share and enhance its service offerings across these key geographic regions.

## Funding rounds

- Series F, Jul 9, 2024, $40M — AXA Venture Partners
- Series E, Dec 14, 2022, $55M — New Enterprise Associates, Granite Asia, Greylock Partners, Riverwood Capital, Glynn Capital
- Series D, Jan 29, 2019, $50M — New Enterprise Associates, Granite Asia, Greylock Partners, Future Fund, Glynn Capital
- Series C, Apr 5, 2017, $36M — New Enterprise Associates, Granite Asia, Greylock Partners

## Investors

- New Enterprise Associates (https://capitalatlas.ai/funds/new-enterprise-associates) — Series C, Series D, Series E
- Granite Asia (https://capitalatlas.ai/funds/granite-asia) — Series C, Series D, Series E
- Greylock Partners (https://capitalatlas.ai/funds/greylock-partners) — Series C, Series D, Series E
- Future Fund — Series D
- Glynn Capital (https://capitalatlas.ai/funds/glynn-capital) — Series D, Series E
- Riverwood Capital (https://capitalatlas.ai/funds/riverwood-capital) — Series E
- AXA Venture Partners (https://capitalatlas.ai/funds/axa-venture-partners) — Series F