An application designed to work as a bot for enterprising messaging application Slack, Statsbot helps teams track metrics from data sources like Google Analytics, Mixpanel, and New Relic. In enables corporate executives, professionals, managers and technicians to access SaaS apps via natural language to run their business.
According to the company, the funding will be used to enlarge the team in the company’s Moscow office. According to data compiled by Crunchbase, as at 22 December 2016, it has previously raised $200,000 in July 2016 and $125,00 in September 2016.
In order to build further traction and grow the company, the Statsbot team move to the US and secured support from startup accelerators Betaworks Botcamp and 500 Startups.
The development of Slack bots has emerged as a niche area that presents strong growth prospects, given its enterprise-oriented bent. Bots, which are small programmes that automate human interactions via AI and machine learning, can accelerate and aid interactions or help retrieve information in a faster manner.
In December 2015, Slack launched the Slack Fund in partnership with Accel, Index Ventures, KPCB, Social Capital, Andreessen Horowitz, and Spark Capital targetted at supporting ventures building products on top of the Slack platform. In July 2016, it announced that it had invested $1.97 million in 11 different startups, all of which were bot services integrated into their platform.
With further advancement in this area, more such bot startups are expected to emerge, given that the current wave of growth in the fields of AI and machine learning are expected to impact the human capital of startup ventures.