HubSpot to Acquire Frame AI, Unlocking the Power of Conversational Data with AI
December 06 2024 - 8:00AM
Business Wire
Acquisition accelerates HubSpot’s ability to
deliver real-time insights from unstructured data, helping
businesses anticipate customer needs and grow smarter.
HubSpot, the leading customer platform for scaling businesses,
today announced it has signed an agreement to acquire Frame AI, an
AI-powered conversation intelligence platform. Frame AI’s
technology transforms unstructured data—such as emails, calls,
meetings, and conversations—into real-time insights and actionable
recommendations, enabling businesses to anticipate customer needs
and deliver exceptional experiences.
This press release features multimedia. View
the full release here:
https://www.businesswire.com/news/home/20241206656789/en/
HubSpot to acquire AI-powered
conversation intelligence platform, Frame AI (Graphic: Business
Wire)
“This acquisition is an important step in our mission to help
businesses grow better with AI,” said Yamini Rangan, CEO of
HubSpot. “AI is only as powerful as the data behind it. While
structured data has long been the foundation of CRM, unstructured
data—like conversations—holds the key to deeper insights into
customer sentiment, behavior, and intent. With Frame AI, we can
bring these insights into the customer platform to help businesses
grow smarter and faster.”
With Frame AI’s capabilities, HubSpot will accelerate its
ability to unify structured and unstructured data across the
customer journey at scale. This will empower go-to-market teams to
transform conversations into actionable intelligence. For example,
marketers will be able to create hyper-personalized content that
aligns with their brand voice. Sales teams will prioritize deals
with deeper context from calls, emails, and meetings. Service
specialists will address churn risks earlier through real-time
sentiment analysis.
"We’ve always admired HubSpot for its early and distinct choice
in unifying customer data. It has been the heart of their platform,
and we’re ready to help take it to the next level,” said George
Davis, co-founder and CEO of Frame AI. “Whether it’s helping to
optimize campaigns, close deals faster, or prevent churn, we’re
excited to bring our experience in conversational intelligence to
help HubSpot customers grow.”
Founded in 2016 by George Davis, Robbie Mitchell, Jesse St.
Charles and Brandon Reiss, Frame AI has developed deep expertise in
natural language processing (NLP) and machine learning (ML). Once
the acquisition is complete, the Frame AI team will join HubSpot to
integrate conversational insights directly into Breeze, HubSpot’s
family of AI technologies embedded across its customer
platform.
This acquisition underscores HubSpot’s commitment to providing
businesses with the tools they need to thrive in the age of AI,
uniting advanced technology with an easy-to-use platform that
scales alongside its customers.
Upon completion of the transaction, Frame AI will become a
wholly owned subsidiary of HubSpot.
Forward-looking statements This press release includes
certain “forward-looking statements” within the meaning of the
Private Securities Litigation Reform Act of 1995, including
statements regarding the anticipated benefits of the Frame AI
acquisition. These forward-looking statements include all
statements that are not historical facts and statements identified
by words such as “will,” “expects,” “anticipates,” “intends,”
“plans,” “believes,” “seeks,” “estimates” and words of similar
meaning. These forward-looking statements reflect our current views
about our plans, intentions, expectations, strategies, and
prospects, which are based on the information currently available
to us and on assumptions we have made. Actual results may differ
materially from those described in the forward-looking statements
and will be affected by a variety of risks and factors that are
beyond our control, including risks set forth under the caption
“Risk Factors” in our Annual Report on Form 10-K for the fiscal
year ended December 31, 2023 and our other SEC filings. We assume
no obligation to update any forward-looking statements contained in
this document as a result of new information, future events or
otherwise.
About HubSpot HubSpot (NYSE: HUBS) is the customer
platform that helps businesses grow better. HubSpot delivers
seamless connection for customer-facing teams with an AI-powered
platform that includes engagement hubs, a Smart CRM, and a
connected ecosystem with over 1,700 App Marketplace integrations, a
community network, and educational content. Learn more at
www.hubspot.com.
View source
version on businesswire.com: https://www.businesswire.com/news/home/20241206656789/en/
HubSpot PR team: media@hubspot.com
HubSpot (NYSE:HUBS)
Historical Stock Chart
From Nov 2024 to Dec 2024
HubSpot (NYSE:HUBS)
Historical Stock Chart
From Dec 2023 to Dec 2024