# Pypestream

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

- Industry: Software
- Headquarters: New York, US
- Website: www.pypestream.com/
- Total disclosed funding: $15M
- Latest round: Series A (Dec 13, 2018)
- Investors on record: 1

## About

Pypestream Inc. focuses on automating customer service, sales, and operations through AI-powered microagents. Founded in 2015, the company is headquartered in New York, US. The CEO is Richard Smullen. Pypestream has successfully raised a total of USD 5.00 mn across multiple funding rounds, with the latest being a Series G round on July 31, 2020. The company is currently valued at USD 105.91 mn and has completed a total of 10 deals.

Pypestream's core offering revolves around AI-powered microagents designed to automate and enhance various business processes across customer service, sales, and operations. These microagents facilitate seamless interactions through an omnichannel interface known as Pype, which connects users via chat, web, voice, and mobile platforms, ensuring a consistent user experience throughout the engagement. Pypestream's solutions cater primarily to Fortune 500 enterprises, handling over 100 million interactions monthly from diverse sectors such as insurance, travel, and retail. Key functionalities include the integration of live agent support with AI automation in their Contact Center for efficient conversation management, real-time data analytics for actionable insights, and the continuous learning capabilities of their MicroAgents that evolve from each interaction. Pypestream’s offerings are deployed in various geographical markets, particularly in North America and Europe, serving a wide client base that seeks to modernize their operations and improve customer satisfaction.

Pypestream operates on a revenue model that includes subscription-based services and partnerships with their enterprise clients. The company’s flagship products, including the Pype omnichannel experience and Contact Center solutions, are structured to provide scalable automation capabilities tailored to meet specific business needs. Clients engage in service agreements that encompass implementation, ongoing support, and optimization services through the PypeX team, ensuring alignment with evolving business requirements. This transactional structure allows clients to harness AI-powered solutions effectively, contributing to improved operational efficiency and customer engagement across their respective industries. Specific pricing plans for these services are set based on the tailored solutions provided, reflecting the unique requirements of each client engagement.

## Funding rounds

- Series A, Dec 13, 2018, $15M — W.R. Berkley

## Investors

- W.R. Berkley (https://capitalatlas.ai/funds/w-r-berkley) — Series A