# Tidio

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

- Industry: Software
- Headquarters: San Francisco, US
- Website: www.tidiochat.com
- Total disclosed funding: $26M
- Latest round: Series B (May 12, 2022)
- Investors on record: 3

## About

Tidio LLC provides AI-powered customer service solutions to enhance operational efficiency for companies across various sectors, specializing in automation tools for customer support through their flagship Lyro AI Agent.Tidio LLC, founded in 2013 and headquartered in San Francisco, US, specializes in AI-driven customer service technology. The company was established by Marcin Wiktor and is currently led by CEO Tytus Golas. Tidio has raised a total of USD 25.00 mn across its funding rounds, the most recent being a Series B round on May 12, 2022, led by PeakSpan Capital with participation from Inovo VC. The company has completed three deals to date.Tidio specializes in providing AI-powered customer service solutions, with its flagship product being the Lyro AI Agent. This technology automates responses to common customer inquiries and manages recurring tasks, thereby enhancing operational efficiency and reducing workload for support teams. The Lyro AI Agent utilizes advanced machine learning capabilities to deliver human-like responses across various communication channels, including live chat, social media, and email. Tidio’s solutions are tailored for a diverse clientele, including businesses in ecommerce, fintech, education, and travel sectors, and are designed to improve customer satisfaction and engagement. The company's products are available in multiple geographical markets, including North America, Europe, and parts of Asia, effectively addressing the needs of organizations that seek to streamline their customer support operations.Tidio operates primarily on a subscription-based revenue model, offering several pricing plans tailored to different business needs. Among its offerings, the Premium Plan provides enhanced features such as custom automation strategies and extended support capabilities, while the standard plans cater to smaller enterprises seeking fundamental automation tools. The revenue structure typically involves clients subscribing to these plans on a monthly or annual basis, allowing them to access the Lyro AI Agent and related services. The transaction process is direct to consumers and B2B, as the company engages with businesses to implement its customer service solutions. Specific pricing details for individual services are associated with the overall subscription structure, ensuring that clients benefit from a comprehensive suite of tools designed to optimize customer interactions.In May 2022, Tidio LLC raised USD 25.00 mn in Series B funding, which will be utilized to expand its product offerings and enhance the Lyro AI Agent. The company plans to develop new features for its existing solutions and is looking to enter new markets in Asia and South America by the end of 2023. The recent funding will support these initiatives by investing in product development and market research to better serve clients in these regions.

## Funding rounds

- Series B, May 12, 2022, $25M — PeakSpan Capital, Inovo VC
- Seed, Mar 14, 2018, $0.9M — bValue

## Investors

- bValue (https://capitalatlas.ai/funds/bvalue) — Seed
- PeakSpan Capital (https://capitalatlas.ai/funds/peakspan-capital) — Series B
- Inovo VC (https://capitalatlas.ai/funds/inovo-vc) — Series B