Renewing my refrain of “What’s even is a Portland startup these days, anyway…?” I’m happy to share news that Sturdy.ai, a company that — according to LinkedIn — is Portland-based company with executives scattered throughout the Northwest and a footprint in Boston, has raised $6 million in Seed, led by Voyager Capital.
With customer expectations higher than ever and retention under pressure, the need for proactive, AI-driven revenue insights has never been more urgent. According to industry data, reducing churn by just 5% can increase profits by up to 95%. Enterprises have spent millions on building silos of applications to get closer to their customers and create active communication channels in the hope of mitigating churn risk early. Yet, this has failed to provide the proactive warning signals required. Sturdy closes the gap by seeing across these silos for a unified view of customer communication.
“We’re creating an AI-first intelligent interface for all things customer. This allows Sturdy to provide an almost magical understanding of every customer interaction across every data silo,” said Steve Hazelton, CEO and co-founder of Sturdy.ai. “This funding enables us to move faster to empower teams to stay ahead of risk and unlock new revenue opportunities.”
According to GeekWire…
Co-founders include Steve Hazelton, CTO Nathaniel Hazelton and chief revenue officer Joel Passen. All three spent time together at Newton Software, and Passen and Steve Hazelton worked together at Gravity Technologies and Paycor.
For more information, see the Sturdy.ai press release. Or you can read the Portland Business Journal coverage.
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