Manychat raises $140 Million to level up it's business messaging services with AI.

Manychat, which provides a tool for managing and automating conversations and engagement across multiple messaging channels, has picked up $140 million in a Series B round led by Summit Partners.

The funding is coming on the heels of strong growth for the startup. Manychat today has around 1.5 million customers across 170 countries, with its client list including the likes of Nike, the New York Times, and Yahoo, as well as individual creators and much smaller outfits. i

Manychat’s CEO and co-founder, Mike Yan, said the company sends “billions” of messages annually on behalf of these users across TikTok, Instagram, WhatsApp, Messenger, and other chat platforms. The plan is to use the fresh cash both to invest in R&D — in particular, to bring more AI to the platform — and boost the company’s sales, marketing, and support globally.