# UpdateAI

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

- Industry: Software
- Headquarters: Pasadena, US
- Website: www.update.ai
- Total disclosed funding: $1.3M
- Latest round: Seed (May 31, 2023)
- Investors on record: 4

## About

Based in California, US, and founded in 2020, Update Technologies, Inc., doing business as UpdateAI, operates as an AI (artificial intelligence) technology firm that offers a Zoom meeting assistant for customer success (CS) teams. The company was founded by its CEO, Josh Schachter. In May 2023, Updatew Technologies, Inc. raised USD 2.30 million in venture funding led by Idealabx, Stage Venture Partners, Zoom Ventures, and a16z.

UpdateAI provides a ChatGPT-powered customer success platform, a software platform that uses technologies like AI (artificial intelligence) and NLP (natural language processing) to automatically generate meeting summaries, and follow-up emails for post-sales Zoom calls. The firm's meeting collective platform can be integrated with the customer’s CRM system so that users can track customer progress. The software records all the conversations and composes the follow-up email on the customer’s behalf.

The company generates revenue by offering its services on a subscription-based pricing plan. The plans include pro+ and teams.

## Funding rounds

- Seed, May 31, 2023, $1.3M — Andreessen Horowitz, Stage Venture Partners, Zoom Ventures, Idealabx

## Investors

- Andreessen Horowitz (https://capitalatlas.ai/funds/andreessen-horowitz) — Seed
- Stage Venture Partners (https://capitalatlas.ai/funds/stage-venture-partners) — Seed
- Zoom Ventures (https://capitalatlas.ai/funds/zoom-ventures) — Seed
- Idealabx (https://capitalatlas.ai/funds/idealabx) — Seed