SleekFlow, a Singapore-based company famous for its Omnichannel Conversational AI Suite, has successfully raised USD $7 million in a Series A+ funding round. This round was led by Atinum Investment, a prominent venture capital firm based in South Korea. With this influx, SleekFlow’s total funding has now reached an impressive USD $15 million.
The latest funding round attracted both existing and new investors, which include the AEF Greater Bay Area Fund, managed by Gobi Partners GBA, and Transcend Capital Partners. A notable addition was Moses Tsang, former General Partner of Goldman Sachs Group and the Chairman of Goldman Sachs (Asia) LLC, who joined as a new investor.
The primary goal of this investment is to accelerate SleekFlow’s global expansion plans, particularly in burgeoning markets such as Southeast Asia, the Middle East, and Europe. Additionally, the funds will bolster the company’s efforts in advancing its AI technology, including enhancements in analytics and the development of more sophisticated marketing workflows. This investment will also support the expansion of communication channels, specifically calls and emails, aimed at better serving a diverse and growing global clientele.
Henson Tsai, the Founder and CEO of SleekFlow, expressed his excitement about the partnership with Atinum Investment, highlighting that it marks an important stage in the company’s ongoing expansion. Tsai noted, “With the recent appointment of our Chief Technology Officer, Gao Lei, a veteran from Silicon Valley, we have significantly ramped up our engineering efforts. Gao has been instrumental in transforming SleekFlow’s technology stacks and infrastructure to meet our evolving needs and market demands.”
The ambition of SleekFlow is robust as it plans to develop fully automated sales and support journeys that include voice, calls, and emails. The aim is to provide unparalleled value to customers across diverse sectors such as insurance, healthcare, telecom, services, and retail.
According to a report by Yahoo Finance, the conversational AI market is projected to grow from USD $13.2 billion in 2024 to USD $49.9 billion by 2030. This anticipated growth presents a significant opportunity for SleekFlow, which aims to position itself as a leading customer engagement solution provider. By integrating conversations, product catalogs, payment solutions, and order management into its suite, SleekFlow is set to help businesses enhance their customer engagement strategies effectively.
SleekFlow’s client roster features several well-known brands, including Delonghi, Hilton Dubai, L’Occitane, Shangri-La, Hong Kong Broadband Network, and Audi. These companies have experienced the benefits of SleekFlow’s robust solutions, which have notably improved their business operations through omnichannel conversational AI capabilities.
Peter Na, Atinum Investment’s Regional Head of the Singapore Office, commented on the funding, stating that SleekFlow is well-positioned in the rapidly expanding global customer engagement market. He added, “SleekFlow’s localized approaches have allowed it to extend beyond Asia, entering new markets in the Middle East and South America. We are fully committed to supporting its ongoing global expansion and are enthusiastic about the forthcoming opportunities.”
Following a successful funding round of USD $8 million in 2022, SleekFlow has solidified its financial foundation, now totaling USD $15 million to date. The company is preparing for its Series B fundraising within the next 12 months, aiming to further enhance its position in the competitive technology sector.
In conclusion, SleekFlow’s acquisition of USD $7 million in Series A+ funding amplifies its potential to grow and innovate in the competitive field of conversational AI. The strategic intent to expand into new markets and enhance technological capabilities underscores the increasing importance of customer engagement solutions in today’s digital economy. As the demand for more sophisticated AI applications continues to grow, SleekFlow is well-positioned to play a pivotal role in shaping the future of customer interactions.
SleekFlow funding growth expansion technology AI
