Yalo (company)

Last updated • 2 min readFrom Wikipedia, The Free Encyclopedia
Yalo
Industry Artificial intelligence, chatbots, services on messaging apps
FounderJavier Mata
Headquarters,
Number of locations
4
Website yalo.ai

Yalo (formerly Yalochat) is an artificial intelligence platform specializing in emerging markets. Its headquerters were formerly in San Francisco with offices in Mexico City, Mumbai, Shanghai, Bogotá, and São Paulo. [1] It subsequently relocated to Mexico City [ when? ].

Contents

Overview

Yalo enables companies to interact with their customers in conversational commerce on messaging apps including WhatsApp, Facebook Messenger, and WeChat. [1]

Customers include Walmart, Nike, Volkswagen, Aeroméxico, appliance and electronics retailer Elektra, Mexico's largest department store, Coppel, and Mexico's largest theme resort Xcaret. [1]

The company was founded in Mexico by CEO Javier Mata and was formerly based in San Francisco, but subsequently moved to Mexico. As at 2021 its board of directors includes Mark Fernandes and Rashmi Gopinath. [2]

In February 2018, the company announced the opening of its office in Shanghai, China, in alliance with venture capitalist Michael Kuan's company Strategic Impact Group.

In May 2021, Yalo raised $50 million in new funding led by B Capital, for a total of $75 million in total funding. [3]

Platforms / Apps

Facebook Messenger

Yalochat introduced a variety of services on Facebook Messenger in 2016, shortly after Facebook launched its chatbot platform. [4] [5]

In April 2017, it announced that its chatbot with Aeroméxico had added an artificial intelligence component to the Facebook Messenger bot. [6] [7] [8]

WhatsApp

In October 2017, Aeroméxico announced that together with Yalochat it would launch services on the new enterprise platform of WhatsApp, the world's most popular messaging platform, and that it would be the first airline in The Americas to do so. Services available via WhatsApp include shopping for and purchasing flights, making changes, checking in and obtaining a boarding pass, and tracking a flight. It includes both an artificial intelligence-powered chatbot, and chat with the airline's human agents. [9] [10] [11] [12] [13] [14]

WeChat

In February 2018 Yalochat announced the opening of its office in Shanghai, China and that it had begun offering services on WeChat, China's most popular messaging app. [1]

Line

In an interview, Yalochat CEO Javier Mata said that the company was planning to offer services on Line messenger, popular in Japan, Korea and Thailand. [15]

Related Research Articles

Aerovías de México, S.A. de C.V. operating as Aeroméxico, is the flag carrier of Mexico, based in Mexico City. It operates scheduled services to more than 90 destinations in Mexico; North, South and Central America; the Caribbean, Europe, and Asia. Its main base and hub is Mexico City International Airport, with secondary hubs in Guadalajara and Monterrey. The headquarters is in the Torre MAPFRE on Paseo de la Reforma.

<span class="mw-page-title-main">Chatbot</span> Program that simulates conversation

A chatbot is a software application or web interface designed to have textual or spoken conversations. Modern chatbots are typically online and use generative artificial intelligence systems that are capable of maintaining a conversation with a user in natural language and simulating the way a human would behave as a conversational partner. Such chatbots often use deep learning and natural language processing, but simpler chatbots have existed for decades.

<span class="mw-page-title-main">Customer service</span> Provision of service to customers

Customer service is the assistance and advice provided by a company through phone, online chat, mail, and e-mail to those who buy or use its products or services. Each industry requires different levels of customer service, but towards the end, the idea of a well-performed service is that of increasing revenues. The perception of success of the customer service interactions is dependent on employees "who can adjust themselves to the personality of the customer". Customer service is often practiced in a way that reflects the strategies and values of a firm. Good quality customer service is usually measured through customer retention.

An Internet bot, web robot, robot or simply bot, is a software application that runs automated tasks (scripts) on the Internet, usually with the intent to imitate human activity, such as messaging, on a large scale. An Internet bot plays the client role in a client–server model whereas the server role is usually played by web servers. Internet bots are able to perform simple and repetitive tasks much faster than a person could ever do. The most extensive use of bots is for web crawling, in which an automated script fetches, analyzes and files information from web servers. More than half of all web traffic is generated by bots.

<span class="mw-page-title-main">Text (company)</span> AI customer service software company

Text, previously known as LiveChat Software, is a Polish software company specializing in customer service and artificial intelligence solutions. Based in Wrocław, it offers a suite of tools for B2B and B2C communication, including popular platforms like LiveChat, ChatBot, and HelpDesk. The company is publicly listed on the Warsaw Stock Exchange.

<span class="mw-page-title-main">Virtual assistant</span> Software agent

A virtual assistant (VA) is a software agent that can perform a range of tasks or services for a user based on user input such as commands or questions, including verbal ones. Such technologies often incorporate chatbot capabilities to simulate human conversation, such as via online chat, to facilitate interaction with their users. The interaction may be via text, graphical interface, or voice - as some virtual assistants are able to interpret human speech and respond via synthesized voices.

LiveChat is an online customer service software with online chat, help desk software, and web analytics capabilities.

<span class="mw-page-title-main">WhatsApp</span> Messaging and VoIP service owned by Meta

WhatsApp is an instant messaging (IM) and voice-over-IP (VoIP) service owned by technology conglomerate Meta. It allows users to send text, voice messages and video messages, make voice and video calls, and share images, documents, user locations, and other content. WhatsApp's client application runs on mobile devices, and can be accessed from computers. The service requires a cellular mobile telephone number to sign up. In January 2018, WhatsApp released a standalone business app called WhatsApp Business which can communicate with the standard WhatsApp client.

<span class="mw-page-title-main">Messenger (software)</span> Instant messaging app

Messenger, also known as Facebook Messenger, is an American proprietary instant messaging service developed by Meta Platforms. Originally developed as Facebook Chat in 2008, the client application of Messenger is currently available on iOS and Android mobile platforms, Windows and macOS desktop platforms, through the Messenger.com web application, and on the standalone Facebook Portal hardware.

<span class="mw-page-title-main">Xiaoice</span> Chatbot developed by Microsoft

Xiaoice is the AI system developed by Microsoft (Asia) Software Technology Center (STCA) in 2014 based on emotional computing framework. In July 2018, Microsoft Xiaoice released the 6th generation.

niki.ai Artificial intelligence company

Niki was an artificial intelligence company headquartered in Bangalore, Karnataka. It was founded in May 2015 by IIT Kharagpur graduates Sachin Jaiswal, Keshav Prawasi, Shishir Modi, and Nitin Babel.

Zo was an English-language chatbot developed by Microsoft as the successor to the chatbot Tay. Zo was an English version of Microsoft's other successful chatbots Xiaoice (China) and Rinna (Japan).

<span class="mw-page-title-main">M (virtual assistant)</span> Discontinued virtual assistant by Facebook

M was a virtual assistant by Facebook, first announced in August 2015, that claimed to automatically complete tasks for users, such as purchase items, arrange gift deliveries, reserve restaurant tables, and arrange travel. It was intended to compete with services such as Siri and Cortana. In practice, over 70% of requests were answered by human operators.

The e-commerce market in Mexico in 2015 was estimated by Forbes to be 12 billion U.S. dollars and by the Mexican Internet Association AMIPCI to be 257.1 billion Mexico pesos. This represented 1.6–2% of all retail sales vs. a global average of 7%.

<span class="mw-page-title-main">Haptik</span> Indian enterprise conversational AI platform

Haptik is an Indian enterprise conversational AI platform founded in August 2013, and acquired by Reliance Industries Limited in 2019. The company develops technology to enable enterprises to build conversational AI systems that allow users to converse with applications and electronic devices in free-format, natural language, using speech or text. The company has been accorded numerous accolades including the Frost & Sullivan Award, NASSCOM's Al Game Changer Award, and serves Fortune 500 brands globally in industries such as financial, insurance, healthcare, technology and communications.

Conversational commerce is e-commerce done via various means of conversation and using technology such as: speech recognition, speaker recognition, natural language processing and artificial intelligence.

Conversable is a SaaS based Artificial Intelligence (AI) powered conversational platform, headquartered in Austin, Texas. It allows customers to create intelligent, automated response flows through conversations in any messaging channel or voice platforms. It has offices in Austin and Dallas.

ChatBot is a software platform for creating chatbots for business use released in August 2017.

Artificial intelligence in customer experience is the use and development of artificial intelligence (AI) to aid and improve customer experience.

The GPT Store is a platform developed by OpenAI that enables users and developers to create, publish, and monetize GPTs without requiring advanced programming skills. GPTs are custom applications built using the artificial intelligence chatbot known as ChatGPT.

References

  1. 1 2 3 4 "Yalochat abre oficinas en China y profundiza su relación con Aeromexico" [Yalochat opens offices in China and deepens its relationship with Aeromexico] (in Spanish). Entrepreneur en Español. 22 February 2018.
  2. "Yalochat Inc.," Bloomberg, accessed 23 August 2021.
  3. Ingrid Lunden, "Yalo raises $50M to build ‘c-commerce’ services for chat apps like WhatsApp," TechCrunch, 26 May 2021.
  4. "A Chatbot Is Just The Beginning". AI Business. Retrieved 24 October 2017.
  5. Aeromexico. "Aeromexico Introduces Aerobot, the First Airline Chatbot in the Americas". www.prnewswire.com (Press release).
  6. Elliott, Christopher (22 June 2017). "New artificial intelligence promises to make travel a little smarter. Does it?". The Washington Post via www.washingtonpost.com.
  7. "Aeromexico Taps Yalochat.com and IV.AI to Build First Advanced AI Customer Service Chatbot". PRNewswire. April 18, 2017.
  8. "Chatbot Or Not? Facebook Messenger Strategies Gain Modest Traction With Brands". AdExchanger. 25 April 2017.
  9. Forbes Staff (26 October 2017). "Aeroméxico te atenderá por WhatsApp durante 2018" [Aeromexico will serve you via WhatsApp in 2018]. Forbes (in Spanish).
  10. Notimex. "Aeroméxico, ¿check-in desde el WhatsApp?" [Aeromexico, check-in via WhatsApp?] (in Spanish). El Economista.
  11. "Aeroméxico ofrecerá atención a clientes por WhatsApp" [Aeromexico will offer customer service via WhatsApp]. CNET (in Spanish). 27 October 2017.
  12. "Podrás ponerte en contacto con Aeroméxico por WhatsApp" [You'll be able to contact Aeromexico via WhatsApp]. www.elfinanciero.com.mx (in Spanish). El Financiero. 27 October 2017.
  13. "Aeroméxico ofrecerá servicio de atención a clientes por WhatsApp" [Aeromexico will offer customer service via WhatsApp] (in Spanish). Expansión. 27 October 2017.
  14. Redacción (27 October 2017). "Podrás hacer 'check in' y consultar tu vuelo con Aeroméxico a través de WhatsApp" [You'll be able to check in and check your flight with Aeromexico on WhatsApp]. Huffington Post (in Spanish). Archived from the original on 27 October 2017. Retrieved 26 February 2018.
  15. Review, Tec (23 February 2018). "Empresa mexicana de chatbots se expande a China" [Mexican chatbot company expands to China] (in Spanish). TecReview.