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Forethought AI

Forethought AI

Unlocking potential with every interaction

Transform customer service with AI that learns from every interaction to provide smarter support.
#8 in "Customer support
Price: Paid

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Overview
Use cases
Features and Use Cases
Users & Stats
Pricing
FAQ
Pricing & discounts
UX/UI review
Video review
Reviews
Youtube reviews
Team
Founder interview
Funding
Overview
Use cases
Features and Use Cases
Users & Stats
Pricing
FAQ
Pricing & discounts
UX/UI review
Video review
Reviews
Youtube reviews
Team
Founder interview
Funding

Overview

Forethought AI is a cutting-edge platform designed to revolutionize customer service through the power of generative artificial intelligence (AI). This comprehensive AI tool aims to transform the customer experience by automating support processes, enabling businesses to deliver efficient and personalized service across various sectors including retail, education, finance, and travel.

At the heart of Forethought AI is its flagship technology, SupportGPT™, which powers the platform's capabilities. The platform is structured around several key components aimed at enhancing customer service efficiency:

  1. Solve: Automates responses to common customer inquiries with high accuracy, reducing wait times and improving self-service options.
  2. Triage: Utilizes AI to categorize, prioritize, and route support tickets automatically, accelerating first response times and improving customer satisfaction.
  3. Assist: Empowers service agents with instant access to relevant information and suggested responses, boosting productivity and effectiveness.
  4. Discover: Offers proactive insights, recommended workflows, and analytics to optimize customer support operations and maximize return on investment (ROI).

Forethought AI emphasizes customization and efficiency, learning from each company's data and interactions to provide tailored support. Its generative AI capabilities, including sentiment analysis and real-time responses, are designed to prioritize urgent cases and enhance the overall customer service experience. Moreover, the platform supports workflow automation without coding through its Autoflows feature, simplifying the implementation of complex customer service processes.

Despite its many advantages, such as increased efficiency, customization, and automation, Forethought AI's pricing model requires potential users to contact their sales team for detailed information, which may not suit everyone. Additionally, there may be a learning curve for users to fully leverage the platform's features, which could initially slow adoption.

Forethought AI is suitable for businesses of various sizes and sectors that aim to streamline their customer service operations, reduce response times, and increase customer satisfaction. Its approach to using AI for customer service positions it as a valuable tool for any business looking to improve its support services​  ​​  ​.

Use cases

Forethought AI, as an AI tool, provides a wide range of use cases tailored to enhance customer service and support operations within businesses. Here's a simplified overview of how Forethought AI can be utilized across different aspects of customer support and service management:

  1. Automated Customer Support: Forethought AI's core capability is to automate responses to frequent and simple customer inquiries such as product details, password resets, and service information. This automation allows for instant resolution of common issues, reducing the need for human agent intervention and thereby lowering wait times for customers.

  2. Support Ticket Triage: The platform can categorize, prioritize, and route support tickets automatically. By analyzing the content of customer inquiries for sentiment and intent, Forethought AI ensures that urgent and high-priority tickets are quickly escalated to the appropriate teams, enhancing the efficiency of case handling and improving overall customer satisfaction.

  3. Agent Assistance and Productivity: Forethought AI offers support to service agents by providing them with instant access to relevant information and ready-made response suggestions. This feature not only ramps up new agents faster but also enhances the productivity of existing agents by reducing the time spent searching for information across different systems.

  4. Insight and Analytics for Customer Support: Through its Discover feature, Forethought AI provides businesses with insights and analytics, recommending workflows, content, and strategies to optimize customer support operations. This proactive approach helps in identifying areas of improvement and opportunities for enhancing the customer experience.

  5. Workflow Automation without Coding: With Autoflows, Forethought AI enables businesses to automate complex customer service workflows without the need for coding expertise. This capability simplifies the process of implementing sophisticated service processes, making it easier for businesses to manage and improve their customer service operations.

  6. Customized Support Experiences: Leveraging generative AI and learning from a company’s own data, Forethought AI is capable of delivering personalized customer support. This means that the support provided is tailored to the specific needs and history of each customer, leading to more satisfactory service encounters.

  7. Spam Detection and Management: By analyzing incoming tickets for relevance and intent, Forethought AI can effectively filter out spam or irrelevant queries, ensuring that the support team focuses on genuine customer needs, thereby improving the efficiency and effectiveness of the support team.

These use cases illustrate the versatility of Forethought streamlining customer service operations, from automating routine inquiries to providing strategic insights for continuous improvement. By implementing such an AI tool, businesses can significantly enhance their customer service quality, reduce operational costs, and improve overall customer satisfaction​  ​​  ​.

Users & Stats

Website Traffic

Traffic Sources

Users by Country

FAQ

Forethought AI is a platform that uses artificial intelligence to enhance customer service, aiming to transform customer experiences through advanced AI capabilities.

Deon Nicholas is the founder and CEO, and Sami Ghoche is the co-founder and CTO.

It provides AI-driven solutions for customer support, including automating common case resolutions, prioritizing and routing tickets, and assisting agents with relevant knowledge.

Forethought AI uses cutting-edge Natural Language Understanding models that learn from real conversation history, providing more accurate and human-centered teractions.

It serves various industries, including e-commerce, SaaS, FinTech, and travel.

Pricing & discounts

The platform emphasizes that it offers custom pricing plans based on the specific needs of a business, suggesting that the cost can vary widely depending on factors such as ticket volume and the number of agents using the system. To get detailed pricing information, Forethought AI encourages potential users to contact their sales team directly or request a demo to discuss their specific needs and how the platform can accommodate them​  ​.

User Reviews

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Team

Forethought AI's team is led by Deon Nicholas (Founder and CEO) and Sami Ghoche (Co-founder and CTO), with significant contributions from key members such as Rachel Link Robinson (SVP of People & Operations), Michael Stevens (SVP of Sales), Bhusha Mehta (VP of Customer Experience), Mitchell Hanson (VP of Demand Generation), and Mandy Howell (Head of Legal). The team is recognized for pushing the limits of AI to enhance customer service, backed by a diverse and talented group aiming to unlock human potential through AI​  ​.

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Deon Nicholas

Founder and CEO

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Sami Ghoche

Co-founder and CTO

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Rachel Link Robinson

SVP of People & Operations

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Michael Stevens

SVP of Sales

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Bhusha Mehta

VP of Customer Experience

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Mitchell Hanson

VP of Demand Generation

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Mandy Howell

Head of Legal

Funding

Forethought AI, a company focused on enhancing customer support through artificial intelligence, has attracted significant investment, underlining its growing influence in the AI sector. The company has successfully raised a total of $92 million across four funding rounds. These rounds have been instrumental in scaling its operations and expanding its AI-driven solutions.

The latest of these financial infusions was a Series C round on December 15, 2021, during which Forethought AI secured $65 million. This round was led by Steadfast Financial, highlighting the confidence and expectations investors have in Forethought AI's trajectory and its technology's impact on customer support and service industries. Prior to this, the company had raised $17 million in a Series B round led by New Enterprise Associates on October 28, 2020, demonstrating a consistent pattern of growth and investor interest.

The earlier stages of funding included a $9 million Series A round, also led by New Enterprise Associates on December 4, 2018, and an initial seed round of $1 million led by K9 Ventures on February 20, 2018. These rounds have been pivotal in kickstarting and sustaining the company’s development, refining its AI offerings, and expanding its market reach.

Forethought AI's funding journey is backed by a diverse group of 42 investors, including notable names like Gwyneth Paltrow and Jason Boehmig, who have contributed in the most recent Series C round. The involvement of such investors not only provides capital but also brings a wealth of experience and networks that can aid in Forethought AI's expansion and innovation.

As of December 3, 2021, Forethought AI boasts a post-money valuation in the range of $100 million to $500 million. This valuation reflects the company's potential for growth and its capacity to redefine customer support with AI-driven solutions. Through its successive funding rounds, Forethought AI is well-positioned to continue its trajectory of innovation and market expansion, making customer service more efficient and intuitive.

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