Total funding: $6 million
What it does:
Dialogue AI, an AI-powered market research platform, aims to speed up the way companies conduct research — from designing studies and recruiting participants, to conducting interviews.
The company was founded by Benjamin Lo, Justin Hoang, and Hubert Chen — all of whom overlapped at Nextdoor, a social networking platform for neighborhoods.
The aim is to cut the turnaround time of a typical market research study from weeks to just a day, Lo previously told Business Insider.
“Maybe you’re a designer or an engineer or a consultant, and you can basically conduct research independently with best practices. I think that’s one of our visions — can we almost democratize market research?” Hoang previously told Business Insider.
Why it’s good:
“Market research as we know it is ripe for disruption,” Faraz Fatemi, partner at Lightspeed Venture Partners, which lead Dialogue’s seed round, said in a press release announcing its new funding.
“Dialogue understands that teams across an organization, not just researchers, need fast, meaningful insights to do their jobs well. What they’ve built is both technically impressive and deeply thoughtful: a way to talk to customers at scale, without sacrificing depth or quality.”