Categories: Web and IT News

Manychat Raises $140M to Fuel the Future of AI-Driven Customer Engagement on Social and Messaging Platforms

This round brings Manychat’s total funding to $163.3 million, powering global expansion, R&D, and advanced AI-agent innovation

Manychat, a global leader in conversational AI and automation across social and messaging platforms, announced a $140 million growth capital raise led by Summit Partners. This brings Manychat’s total funding to $163.3 million since its founding in 2015, including its first institutional investment of $18 million in 2019 by Bessemer Venture Partners.

Social platforms are the new arena of global commerce, with socially driven commerce projected to surpass $100 billion in the U.S. alone by 2026. Manychat sits at the center of this shift, helping creators and businesses leverage AI and automation to forge stronger and more impactful relationships with their audiences.

Marketing Technology News: MarTech Interview with Aaron Kechley, CEO @ Zappi

Manychat powers billions of messages annually on Instagram, TikTok, WhatsApp, Facebook Messenger, and other platforms, helping more than a million businesses in 170+ countries automate customer interactions, maximize engagement, and unlock monetization potential.

“Manychat was founded with a mission to help businesses grow by building meaningful customer relationships,” said Mike Yan, co-founder and CEO at Manychat. “We also take pride in our ability to package and simplify new foundational technologies for the benefit of our customers. The more useful and effective our technology becomes, the more our customers can focus on delivering exceptional value in their space. This new funding, along with Summit Partners’ guidance and expertise, will support our continued innovation in the realm of agentic AI and intelligent automation, helping our team and our products deliver true value for businesses and creators around the world.”

Marketing Technology News: MarTech’s Silent Revolution: Why AI-powered Micro-decisions Matter More Than Big Campaigns

Manychat, already a profitable company, will use this funding to accelerate its global expansion, invest further in R&D, enhance marketing and customer support capabilities, and advance breakthrough AI-Agent features across new and existing channels. In 2024, the company introduced Manychat AI, which is already used by tens of thousands of creators and businesses to better scale conversations with their customers.

“We believe the rapid growth in social commerce is driving a critical need for brands to invest in strategies and solutions that help build and sustain customer engagement across social and messaging platforms,” said Sophia Popova, Partner at Summit Partners who has joined the Manychat Board of Directors. “Manychat’s innovative platform is helping to redefine how businesses and creators engage with their audiences and to set new standards in digital communication and marketing. We are excited to partner with the Manychat team to help accelerate their global expansion and further enhance their AI-driven solutions.”

The post Manychat Raises $140M to Fuel the Future of AI-Driven Customer Engagement on Social and Messaging Platforms first appeared on PressReleaseCC.

Manychat Raises $140M to Fuel the Future of AI-Driven Customer Engagement on Social and Messaging Platforms first appeared on Web and IT News.

awnewsor

Recent Posts

Lothbury Research case study on Diginex maps a $1.05 billion Resulticks combination the market has not yet fully priced

A Lothbury case study on Diginex (NASDAQ: DGNX) explains why an all-share acquisition of Resulticks…

3 hours ago

Best AI Job Search Tools in 2026: Tau Answers the Application Overload Problem

Job seekers today face a flood of listings and an even bigger flood of forms,…

3 hours ago

HANGCHA: A Global Forklift Manufacturer for Buyers Seeking Reliable Reach Trucks, Electric Forklifts and Material Handling Solutions

Hangcha Group Co., Ltd. (HANGCHA) Hangcha Group Co., Ltd. founded in 1956, is a China-based…

3 hours ago

Soochee Expands Industrial Motor and Gear Reducer Supply Portfolio for Global B2B Buyers Seeking INNOMOTICS, Siemens, ABB and TECO Products

Changzhou Soochee Transmission Technology Co., Ltd. Changzhou Soochee Transmission Technology Co., Ltd., operating under the…

3 hours ago

Gordon Law, P.C. Explains How Long a Military Divorce Takes in Queens, NY

Military divorce – Gordon Law, P.C. – Queens Family and Divorce Lawyer Military deployments, court…

9 hours ago

Legacy Brick and Stone Explains Patio Installation Costs for Homeowners in Eastport, NY

patio installation – Legacy Brick and Stone Long Island Masonry and Hardscape Company Highlights Material…

9 hours ago

This website uses cookies.