Congratulations Brian Schiff, Sam Krut and the entire Flip team! We're excited to be on this journey with you! 🚀 https://lnkd.in/gFZFi9ks
BIG FLIPPIN’ NEWS Flip has secured $20 million in a Series A funding round, following exceptional growth. Alongside the raise, we’ve hit another milestone: 300 million customer service calls automated across hundreds of brands. While industry-agnostic agentic AI '“platforms” that require custom building are making a bunch of noise, Flip has been hyper-focused on going deep on three specific industries—Retail eCommerce, Healthcare, and Transportation—building phone AI that is ready 'out-of-the-box' with everything brands in these industries need already built. As Flip CEO Brian Schiff shared with Crunchbase News: “The great irony of this space right now is that all of the headlines and much of the funding has gone into these generic platforms that are trying to be the AI everything for everyone. In reality, most of the actual traction is working with vendors like Flip that are going very deep into one or a couple of specific industries.” The round was led by Next Coast Ventures and Ridge Ventures, alongside Data Point Capital, ScOp Venture Capital, Bullpen Capital, Forum Ventures and a group of angel investors. Michael Smerklo, co-founder and managing director at Next Coast Ventures, said that in the two decades he has spent in voice technologies he’s “never seen a more compelling ROI for customers” than Flip. “While the market is still experimenting with AI concepts, Flip is already operating at an industrial scale,” Alexander Rosen, Managing Partner at Ridge Ventures told Business Wire. “Processing 20 million calls a month for 250 global brands proves that deep vertical integration is the only way to solve complex service workflows.” Industry-focused, battle-tested, and built for reality. Get the stories in the comments below, or visit us at FlipCX dot com. FLIP YEAH!