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INDUSTRY FIRST

Call Center Automation Software Vendor Replicant Raises $78M

Apr 26, 2022over 3 years ago

Amount Raised

$78 Million

San FranciscoSoftware

Description

Contact centers were never a walk in the park for employees, but they became much harsher work environments during the pandemic. According to one survey, only 10% of contact center agents reach proficiency in fewer than two months. Meanwhile, the volume of difficult calls to contact centers is increasing, while turnover remains at at a sky-high rate between 30% and 45%.

Company Information

Company

Replicant

Location

San Francisco, California, United States

About

When asked about how Replicant handles, stores, and retains customer data, Shamia said that the company provides enterprise customers with the ability to choose a data retention window that “works for them,” usually ranging from six months to two years. For use cases involving payment or electronic protected health information, Replicant offers a service called highly confidential turn, which the company says redacts sensitive data in the turn of conversation from Replicant’s database and logs. The San Francisco, California-based company plans to expand its workforce to about 200 people by the end of 2022. Replicant provides agents with call summaries and measures trends like overall customer satisfaction, average handle time, competitor mentions, defective products and upsell opportunities. Replicant claims that it takes steps to mitigate bias in its systems, including its sentiment analysis systems, as well as the data used to develop these algorithms. Toward that end, 100-employee Replicant says it has “dozens” of enterprise customers who’ve used its tools to service over 8 million customers.

FundzWatch™ Score

79
Medium Activity

Funding Insights

Based on industry data
Tech investment trends
83% of B2B companies plan digital investments, with 79% prioritizing customer experience tech