# Rasa Technologies

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

- Industry: Software
- Headquarters: San Francisco, US
- Website: www.rasa.com
- Total disclosed funding: $70M
- Latest round: Series C (Dec 6, 2023)
- Investors on record: 7

## About

Based in California, US, and co-founded by Alan Nichol (CTO) and Alex Weidauer (Strategic advisor) in 2016, Rasa Technologies Inc operates as a software-as-a-service (SaaS) company offering Raasa platform for open source machine learning solutions for developers to build chatbot assistant. Some of the firm’s clients include Accenture, Adobe, DELL, American Express, etc. In December 2023, Rasa Technologies raised USD 30 million in series C funding co-led by investors StepStone Group and PayPal Ventures, with participation from other investors Andreessen Horowitz, Accel, and Basis Set Ventures. The firm, as of June 2024, has offices in the US and Germany along with remote working locations in Germany, the UK, the US, and Serbia, and is led by its CEO, Melissa Gordon.

The company empowers enterprises in financial services, healthcare, telecom, and travel and transport sectors to develop 5 levels of conversational AI assistants with full brand control and security. Rasa offers a suite products including Rasa Pro: an open-core framework leveraging generative AI for nuanced customer interactions and Rasa Studio: a no-code UI facilitating collaborative assistant development with CALM technology for natural language processing. The firm also offered Managed Service, to provide proactive support and faster deployment for seamless integration to its clients. 

Rasa Technologies generates revenue by offering its platform under different subscription plans including Developer Edition at free of cost, Growth plan starting at USD 35,000 per year, etc.

The company plans to utilize the December 2023 funding to expand its technological leadership, grow its workforce, and expand its market reach in North America and Europe.

## Funding rounds

- Series C, Dec 6, 2023, $30M — Accel, StepStone, Andreessen Horowitz, Basis Set, PayPal Ventures
- Series B, Jun 23, 2020, $26M — Accel, Andreessen Horowitz, Basis Set, Mango Capital, 468 Capital
- Series A, Apr 11, 2019, $13M — Accel, Basis Set, Mango Capital
- Seed, Apr 24, 2018, $1.1M — Basis Set

## Investors

- Basis Set (https://capitalatlas.ai/funds/basis-set) — Seed, Series A, Series B, Series C
- Accel (https://capitalatlas.ai/funds/accel) — Series A, Series B, Series C
- Mango Capital (https://capitalatlas.ai/funds/mango-capital) — Series A, Series B
- Andreessen Horowitz (https://capitalatlas.ai/funds/andreessen-horowitz) — Series B, Series C
- 468 Capital (https://capitalatlas.ai/funds/468-capital) — Series B
- StepStone (https://capitalatlas.ai/funds/stepstone) — Series C
- PayPal Ventures (https://capitalatlas.ai/funds/paypal-ventures) — Series C