Malaysia’s AI agent-powered messaging app Respond.io raises $62.5M, eyes acquisitions

TechCrunch
Respond.io has secured $62.5 million in Series B funding to scale its AI-driven customer conversation platform and pursue international acquisitions.

Summary

Malaysia-based Respond.io has raised $62.5 million in a Series B funding round led by Camber Partners. The company provides a messaging management platform that integrates AI agents to handle customer inquiries across various channels like WhatsApp and Instagram. With $35 million in annual recurring revenue, the startup plans to use the new capital to fuel organic growth and acquire companies that offer strategic technology or established market presence in Europe and North America. CEO Gerardo Salandra notes that the company remains disciplined, aiming to eventually pursue an IPO.

(Source:TechCrunch)