April 22, 2025:
Manychat Raises $140M to Boost AI Social Chat - Manychat Inc. has raised $140 million in funding led by Summit Partners to enhance its AI-driven social chat platform. The platform, used by over a million global users, automates interactions for brands and influencers on Instagram and TikTok, aiming to strengthen customer relationships. This funding aims to accelerate the development of AI agents to act on behalf of companies, although specifics are closely guarded.
Industry expert Liz Miller recognizes the potential of social messaging automation but cautions against overly commerce-driven interactions that may alienate consumers.
