After raising $8M in Series B round almost 2 years ago, our portfolio startup Epic! – a leading digital library for kids has now raised another $8M in Series C funding round too which takes its total funding to $21.45M. The funding round was led by Reach Capital, with participation from Rakuten Ventures, Menlo Ventures, TransLink Capital, WI Harper, Brighteye Ventures, and Innovation Endeavors. Best of luck Epic!
Founded out of Palo Alto in 2014, Epic offers unlimited access to around 25,000 books for $5 per month. The content is targeted at those under 12 years of age and includes thousands of accompanying learning videos, quizzes, and reading lists. Epic claims that its service is used in 87 percent of U.S. elementary schools.
Up until now, Epic had raised around $13 million in funding, and with its latest cash injection the company plans to expedite its growth, add to its team, and build out its platform for both home subscribers and schools.
“We invested in Epic because of the excitement from teachers and children who were delighted by the platform. In classrooms all over, we saw Epic spark children’s love for reading and inspire them to share their learning with others. We were impressed with Epic’s ability to capture the hearts of educators, children, and parents and create a seamless connection between school and home learning.”, explained Reach Capital general partner Jennifer Carolan.
Chatbots are quite popular these days. They have been in the market for many years but they are not simple bots any more that just used to scan for typical keywords in the text and then reply a canned answer. Modern chatbots make use of sophisticated AI technologies like NLP (Natural Language Processing) and machine learning to deliver human-like conversational experience to the audience. Chatbots are widely being used for several real-life use cases. For example, news media are using chatbots to deliver news, businesses are using them for providing instant customer support to boost response time and clubs are using these smart bots to update their fans etc. In simple words, the latest breed of AI-driven chatbots are providing an easiest and quickest way to engage with your audience.
If you feel interested in using a chatbot for your business, service or club etc. then check out our latest portfolio startup, Chatfuel.
Chatfuel graduated from YCombinator’s Winter 2016 batch and it uses state of the art AI-based technologies to deliver best customer experience. You just have to add conversational rules (as phrases and related responses) for your bot in Chatfuel dashboard and your bot will send your pre-defined answers to users by recognizing similar phrases from them with the help if its NLP technology.
Chatfuel helps you grow your audience by linking chatbot with your facebook page and even facebook ads. For example, you can configure your bot in a way that whenever someone comments on your facebook page, your bot can send a private message to him. You can even control that whether bot replies to all comments or only the ones having some specific phrases. With Chatfuel, you can also have your chatbot broadcast messages for your audience. Messages can be sent immediately, scheduled for later or sent automatically from external sources (like Instagram, Youtube, Twitter, Google Services etc.) whenever they update. Chatfuel allows integrating with 3rd party services through its JSON API plugin.
Chatfuel even helps you track and improve the performance of your bots by providing analytics related to chatbot users, conversion rate and their engagement/activity. For example, you can also track that what types of content and experiences make your audience more engaged and keep them coming back. This way, you can always keep providing improved user experience to your audience.
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