HIPPA compliant AI solution provider Botco.ai secured $2.2M in Seed Funding

Botco.ai, a Scottsdale-based HIPAA compliant conversational marketing solution provider, has now secured $2.2 million in a seed funding round.

Botco.ai is founded by Rebecca Clyde. It is a HIPPA compliant, Artificial Intelligence-powered marketing chat solution that can be implemented at scale to improve engagement rates.

As of now, the company offers authoring, webchat, and AI machine learning capabilities to convert customers. Its Integrated Analytics Dashboard offers a comprehensive view of chat campaigns across multiple channels such as Facebook and Web Messenger.

Rebecca Clyde, founder, and CEO, Botco.ai, said, "The traditional way in which families and patients inquire about healthcare services is not sustainable. Families are forced to sacrifice crucial time — a majority of that time being spent on hold — just to receive a response. On the other side of the phone are our healthcare providers, who are unable to instantly and efficiently assist callers without wait times. The industry is in desperate need of innovation. As we innovate Botco.ai, our mission is to not only ensure that families can more easily manage critical care without long waits and cumbersome systems, but also assist healthcare professionals in providing instant responses to those in need."

John A. Francis, partner, Stout Street Capital, said, "The Botco.ai team’s ability to build enterprise-grade, modern marketing automation platforms have allowed them to transform how some of the leading companies in the healthcare industry reach their customers; before, during, and post COVID-19. Botco.ai’s software has enabled its healthcare clients to streamline and improve their consumer (patient) experience. Our investment in Botco.ai’s team is testament to our belief in the core product and the team’s unique ability to be a change agent that drives efficiency in the healthcare industry."

The Stout Street Capital led the latest funding round. Other participating investors include PHX Ventures, Sterling Road, and Arizona Tech Investors.

The company, as of now, has plans to use the new funds for product development. The company will invest in integrations with electronic health record systems and marketing automation platforms.