SANTIAGO / MEXICO CITY / LONDON (IT BOLTWISE) – Vambe AI Inc. has raised $14 million in a Series A funding round to further expand its AI-powered trading platform. The company aims to help mid-sized B2C companies in Latin America automate and scale their business operations without having to hire large numbers of employees.
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Vambe AI Inc., an emerging artificial intelligence company, recently raised $14 million in a Series A funding round. This investment is led by Monashees and includes contributions from investors such as Cathay Latam, Atlantico and others. Vambe aims to help mid-sized B2C companies in Latin America automate and scale their business operations through the use of AI agents.
Vambe’s platform offers a comprehensive solution that covers the entire commerce cycle, from demand generation to digital advertising to customer engagement. Unlike other AI tools that simply provide answers to questions, Vambe focuses on executing operations. The AI agents can schedule appointments, update CRM systems, process payments, and more, freeing up human employees.
A key advantage of Vambe is the provision of strategic advice and ongoing support to ensure clients get the maximum benefit from their investment. This comprehensive support has enabled Vambe to increase its revenue by an average of 17% per month over the last year and to increase the number of employees from 22 to over 80.
A notable example of Vambe’s success is Apple’s sustainable marketplace Reuse, which tripled its sales thanks to Vambe’s AI agents. The agents achieved 70% higher conversion rates and generated, on average, 220% more sales than human sales reps. The fintech company Global66 was also able to significantly improve its customer service by using Vambe agents.
Vambe plans to further expand its operations in its main markets of Chile and Mexico, while also entering the Brazilian market. Part of the new funding will be invested in developing a new “agent-to-agent recommendation ad engine” that will allow agents from different companies to collaborate on advertising campaigns.
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