UpdateAI

UpdateAI

Calls and capture the key moments with customers that matter. Learn more

Launch date
Employees
Market cap
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Enterprise valuation
AUD14—21m (Dealroom.co estimates May 2023.)
Pasadena California (HQ)
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DateInvestorsAmountRound
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N/A

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$850k

Seed
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N/A

Seed
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$2.3m

Seed
Total FundingAUD4.9m

Recent News about UpdateAI

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Update.ai is a leading artificial intelligence (AI) platform that specializes in note-taking and customer intelligence for customer-facing Software as a Service (SaaS) teams. The platform is trusted by over 2,000 teams, demonstrating its significant market presence. Update.ai's primary function is to alleviate the burden of pre and post-call administrative tasks, allowing teams to focus on their customers. This is achieved by automating the process of note-taking during meetings and calls, which not only saves time but also enhances the ability to listen and engage during discussions.

The platform also addresses the issue of overlooked customer dissatisfaction signs, particularly among less experienced team members. By providing a more objective and comprehensive view of customer interactions, Update.ai helps teams identify potential issues early on. Furthermore, the platform ensures effective information sharing across teams, preventing customers from having to repeat their concerns.

Unlike its competitor Gong, Update.ai is designed to benefit every department, not just sales. It focuses on streamlining tasks for the people on the calls, rather than just training managers. It also offers a more nuanced approach to keyword tracking, capturing the context of conversations rather than just isolated mentions.

Update.ai operates on a subscription-based model, where users sign up, sync their systems, and let the AI generate meeting notes. The platform also provides analysis and visualizations of churn risks and product feedback trends. Its target market includes both small and medium-sized businesses (SMBs) and larger enterprises.

Keywords: AI, note-taking, customer intelligence, SaaS, administrative tasks, customer dissatisfaction, information sharing, department integration, keyword tracking, subscription-based model.

Tech stack

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