What is Quiq?
Founded in 2015 and headquartered in Bozeman, Montana, Quiq offers a world-class Conversational AI Platform designed to assist customer experience and service teams in reducing operational costs while simultaneously enhancing customer satisfaction. The platform leverages advanced AI to facilitate natural language interactions, enabling businesses to automate customer support and engagement across various channels. Quiq's technology is instrumental for enterprises seeking to scale their customer service operations efficiently and effectively.
How much funding has Quiq raised?
Quiq has raised a total of $44.4M across 4 funding rounds:
Series A
$6.5M
Series B
$12.5M
Debt
$350K
Series C
$25M
Series A (2016): $6.5M with participation from Venrock and Next Frontier Capital
Series B (2019): $12.5M led by Foundry Group, Venrock, Teamworthy Ventures, and Next Frontier Capital
Debt (2020): $350K supported by PPP
Series C (2022): $25M featuring Next Frontier Capital, Foundry Group, Baird Capital Group, and Venrock
Key Investors in Quiq
Next Frontier Capital
Next Frontier Capital is a venture capital firm focused on investing in innovative sectors such as AI, climate tech, deep tech, B2B software, fintech, defense tech, and cybersecurity. They aim to support companies that are transforming industries and addressing complex global challenges.
Foundry Group
Foundry Group is a venture capital firm focused on investing in early-stage information technology, Internet, and software startups. They leverage their experience and network to help entrepreneurs build great companies.
Venrock
Founded in 1969, Venrock is a venture capital firm known for partnering with founders to build innovative, high-growth companies, particularly in technology and healthcare.
What's next for Quiq?
The recent major strategic investment signals a pivotal phase for Quiq, likely enabling further expansion of its platform capabilities, enhancement of its AI technologies, and broader market penetration. With a history of consistent capital acquisition, including Series A, B, and C rounds, Quiq is well-positioned to scale its operations and solidify its standing in the competitive Conversational AI market. Future strategic initiatives may focus on deepening enterprise integrations and exploring new industry verticals for its AI-driven solutions.
See full Quiq company page
