Front AI

Front AI

Conversational AI service helps to achieve superior customer experience with a 50% automation rate. Learn more

Financials

Estimates*

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Revenues, earnings & profits over time
EUR20192020202120222023
Revenues<1m<1m1.5m2.1m2.7m
% growth-581 %64 %43 %30 %
EBITDA(<1m)(<1m)(<1m)(<1m)-
% EBITDA margin(301 %)(23 %)(23 %)(5 %)-
Profit(<1m)(<1m)(<1m)(<1m)-
% profit margin(311 %)(29 %)(29 %)(12 %)-
R&D budget<1m1.0m---
R&D % of revenue153 %112 %---

Source: Dealroom estimates

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DateInvestorsAmountRound
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N/A

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*

€500k

Seed

€50.0k

Grant

€240k

Grant

€100k

Grant
N/A

€160k

Seed

€201k

Grant

€500k

Seed

€170k

Convertible

€220k

Convertible

€220k

Convertible
Total Funding€2.4m

Recent News about Front AI

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More about Front AIinfo icon
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Front AI is a dynamic startup specializing in Conversational AI, which involves creating virtual agents and service bots to automate customer service and other interactions. The company operates primarily in Finland, Sweden, and Denmark, serving a diverse range of clients from municipal governments to private enterprises.

Front AI's core offering is its AI-driven virtual agents, which are designed to handle a wide array of customer inquiries and tasks. These virtual agents can authenticate user identities, providing a personalized service experience while ensuring security and privacy. The company adheres to stringent security standards, including ISO 27001 and GDPR compliance, to protect client data.

The market Front AI operates in is the rapidly growing field of AI and automation, particularly focusing on customer service automation. This market is expanding as more organizations seek to improve efficiency and customer satisfaction through technology.

Front AI's business model revolves around providing customizable AI solutions that can easily connect to clients' existing backend systems. This connectivity is achieved either through direct interfaces or Robotic Process Automation (RPA), making integration seamless. The company offers its services on a subscription basis, generating revenue through ongoing service fees and support contracts.

One of the standout features of Front AI's service bots is their scalability. Unlike traditional chatbots, these bots can manage thousands of different questions and answers simultaneously, with no limitations on future expansion. This scalability ensures that as a client's needs grow, the AI solution can grow with them.

In summary, Front AI is at the forefront of Conversational AI, offering scalable, secure, and easily integrated virtual agents to enhance customer service and operational efficiency.

Keywords: Conversational AI, Virtual Agents, Service Bots, Customer Service Automation, Scalability, Security, Privacy, RPA, Backend Integration, Nordic Market.

Tech stack

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Tech stackLearn more about the technologies and tools that this company uses.