eSelf, an innovative company from Israel specializing in face-to-face conversational AI, has successfully raised $4.5 million in seed funding, led by Explorer Investments. They made their mark by winning Best of Show at FinovateFall 2023. eSelf’s unique platform allows businesses to create customized AI agents that can engage in real-time video conversations with customers, enhancing customer interaction without needing specialized skills. These agents are already being utilized by various companies, including Christie’s and AGI Bank, to streamline customer service. The technology promises quick, natural conversations, setting eSelf apart in the rapidly evolving AI landscape. Founded in 2022, eSelf aims to transform customer engagement by integrating visual comprehension into AI interactions.
eSelf Secures $4.5 Million in Seed Funding to Revolutionize Conversational AI
Innovative Israeli company eSelf has successfully raised $4.5 million in seed funding to enhance its face-to-face conversational AI technology. This funding round was led by Explorer Investments, with significant contributions from Ridge Ventures and notable angel investors, including Eyal Manor, the former VP of Engineering at YouTube.
At the recent FinovateFall 2023 in New York, eSelf captured attention by winning the Best of Show award for its impressive demonstration of their virtual agent technology. The platform allows businesses to create customized AI agents that can engage in video conversations with customers, integrating smoothly into existing systems.
The co-founder and CEO of eSelf, Alan Bekker, explained that their technology processes speech, understanding, and visuals simultaneously, achieving response times of under one second. This capability is vital for providing a smooth and natural conversation experience. Unlike other AI solutions that only animate faces, eSelf’s platform offers a comprehensive visual comprehension engine, enabling real-time engagement with visual content, such as property tours and educational materials.
Use cases for eSelf’s technology are already diverse. It is being utilized by Christie’s real estate firm in Portugal as a first contact point for potential buyers. AGI Bank in Brazil employs eSelf’s virtual agents to assist its 10 million customers with digital banking services. Additionally, DL Holdings in Hong Kong uses the technology to offer financial advice in both English and Mandarin. Overall, eSelf’s technology supports millions of real-time conversations.
The company’s rapid development and success highlight its potential to revolutionize customer engagement across various sectors. With its latest funding secured, eSelf is poised to expand its impact in the conversational AI landscape significantly.
Photo by Angela García
Tags: eSelf, Conversational AI, Funding News, Fintech Innovation, Virtual Agents
What is eSelf and what do they do?
eSelf is a company that develops conversational AI technology. They create tools that help businesses interact better with their customers through chat and voice systems.
Why did eSelf secure $4.5 million in funding?
eSelf secured $4.5 million in seed funding to expand their technology and improve their conversational AI products. This funding will help them enhance their offerings and reach more businesses.
How will the funding help eSelf grow?
The funding will allow eSelf to hire more talent, develop new features, and improve their existing AI systems. This will make their products more effective and useful for businesses.
Who are the investors behind eSelf’s funding?
The seed funding for eSelf came from various investors, including venture capitalists interested in technology and innovative startups. Their support shows confidence in eSelf’s potential.
What industries can benefit from eSelf’s conversational AI?
Many industries can benefit from eSelf’s technology, including customer service, healthcare, education, and retail. Conversational AI can improve communication and provide better customer experiences across these sectors.
