# Reps AI

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

- Industry: Software
- Headquarters: Tel Aviv-Yafo, Israel
- Website: www.reps.ai
- Total disclosed funding: $1.2M
- Latest round: Seed (Jun 1, 2018)
- Investors on record: 3

## About

Reps AI Ltd. provides innovative AI-powered solutions to enhance sales and customer service operations, improving engagement through virtual agents that manage customer interactions efficiently.Reps AI Ltd. specializes in developing AI-driven sales and customer service solutions. The company was founded in 2017 and is headquartered in Tel Aviv-Yafo, Israel. In November 2020, KMS Lighthouse acquired Reps AI Ltd., although financial details were not disclosed. The firm has raised a total of USD 1.20 mn across three funding rounds, with the latest round occurring on November 12, 2020, positioning the company's current valuation at USD 20.00 mn.Reps.ai specializes in providing advanced AI-powered solutions designed to enhance sales and customer service operations for businesses. The company's core offerings include AI sales representatives and AI customer service representatives, which function as virtual agents to interact with customers, handle inquiries, and facilitate sales processes. These products aim to streamline communication and improve customer engagement, thus addressing common challenges faced by companies in managing large volumes of interactions efficiently. Reps.ai primarily serves B2B clients across various industries, including retail, technology, and telecommunications, focusing on markets in North America, Europe, and Asia Pacific. By deploying these AI agents, businesses can reduce operational costs, increase response times, and enhance overall customer satisfaction.The revenue model for Reps.ai is structured around a subscription-based framework, allowing businesses to access its AI solutions through flexible payment plans. Clients typically engage with the company via direct contracts, where they subscribe to specific packages based on their operational needs and the scale of usage. Each subscription may include access to distinct features of the AI representatives tailored to various customer service scenarios or sales strategies. While specific pricing details are not disclosed, the structure likely accommodates different tiers to cater to small enterprises as well as large corporations, ensuring businesses can select an appropriate plan based on their size and requirements. By leveraging these AI-driven services, Reps.ai enables clients to enhance productivity and drive revenue growth through improved customer interactions.Reps AI Ltd. is focused on expanding its offerings and reach. Plans for future growth include the development of new products designed to enhance AI capabilities, with expected launches in the upcoming year. The company aims to enter new markets, specifically targeting regions in North America and Europe by the end of 2022. The proceeds from the recent funding round will be utilized to support these initiatives, including enhancing product development and expanding marketing efforts to penetrate these new geographic regions.

## Funding rounds

- Seed, Jun 1, 2018, $1.2M — Start Capital, iAngels Crowd Ltd, Founders Factory Limited

## Investors

- Start Capital (https://capitalatlas.ai/funds/start-capital) — Seed
- iAngels Crowd Ltd — Seed
- Founders Factory Limited — Seed