4.6 • 683 Ratings
🗓️ 3 September 2019
⏱️ 16 minutes
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P.V. Kannan is the co-founder and chief executive officer of [24]7.ai, a global leader in intent-driven customer engagement. He holds more than 30 patents (issued and pending), and has been featured in several books as CX thought leader. His new book “The Age of Intent:,” is now available on Amazon.
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0:00.0 | 24-7 AI north of $300 million in ARR, flat year-over-year because they dealt with a cybersecurity, |
0:05.3 | kind of a breach issue. But again, well on track not to drive growth. They are profitable. |
0:09.1 | Only $20 million raised to date, which is obviously great. Taking 10% in free cash with the bottom |
0:13.1 | line, helping to grow that 20% monthly in terms of profitability here shortly. 10% churn |
0:18.0 | annually on a gross revenue basis, but 10% expansion for 100% net, |
0:21.7 | spending up to call it 12 months of first year contract value to get the customer in the |
0:25.2 | first place as they look to scale with our team of 800, again in the chat and customer experience |
0:29.5 | space. Hello, everyone. My guest today is P.B. Kennedy's the co-founder and chief executive |
0:33.5 | officer of 247.AI, a global leader and intent-driven customer engagement. He holds more |
0:38.4 | than 30 patents issued end pending and has been featured in several books as CX Thought Leader. |
0:42.6 | In his new book, The Age of Intent, is now available on Amazon. PV, you ready to take us to the top? |
0:47.8 | Yes. What the hell is a guy like you doing, wasting his time writing a book? They make no money. |
0:52.8 | There are a lot of work and they just |
0:54.2 | take time all of them are true but i think the world deserves to know how the customer service world |
1:00.0 | can be fixed and you know there's a lot of you know wrong information floating around and i thought |
1:05.1 | let me just correct it by writing a book okay good so tell us what the company does. What we do is essentially use |
1:11.7 | artificial intelligence to automate customer service interactions, right? So, you know, |
1:17.1 | the conversations you have with brands, you know, today's on-demand customer wants, |
1:21.8 | you know, resolution right away. They don't want to wait. They don't have patience. And |
1:25.9 | artificial intelligence helps and kind of taking, |
1:28.3 | doing the heavy lifting. Okay, good. And is it pure play SaaS? Yes, it is. Pure SaaS. Okay, |
1:32.9 | give me a general sense here of sweet spot. Describe like a sweet spot customer for you. |
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