Manychat taps $140M to boost its business messaging platform with AI

"AI-driven conversation management is booming, with Manychat raising $140 million in a Series B round led by Summit Partners to expand its global reach and enhance AI-driven interactions. The startup, serving over 1.5 million customers worldwide across platforms like TikTok, Instagram, and Messenger, including major clients such as Nike, the New York Times, and Yahoo, has already proven profitability since its 2015 launch after only $23 million in funding prior to this latest round."