BlastPoint, a forward-thinking customer intelligence platform powered by artificial intelligence, has recently announced an impressive funding milestone, securing $10.6 million in growth capital. This investment round was led by MissionOG, with significant contributions from Curql Fund, Michigan Capital Network, and other existing investors eager to support the company’s vision.
The timing of this funding is especially noteworthy, given the increasing demand for AI-driven customer engagement tools. As businesses look for innovative ways to connect with their customers, BlastPoint is well-positioned to capitalize on this trend.
With the newly secured funding, BlastPoint aims to advance its cutting-edge predictive technology. This next-generation technology stands out because it is designed to be auditable for equity, ensuring fair outcomes, while also minimizing inaccuracies commonly associated with AI models—often referred to as hallucinations. Crucially, BlastPoint’s technology utilizes only permission-granted data, making it both ethical and reliable.
Beyond technological advancements, BlastPoint is also committed to social responsibility. The company is focusing on developing solutions that assist individuals who are struggling to manage their bills. By connecting these individuals with relevant assistance programs—such as income-capped payment options and balance forgiveness—BlastPoint aims to provide much-needed support in challenging financial situations.
The company’s track record speaks for itself, showcasing remarkable growth with over 100% year-over-year increase in performance. Additionally, BlastPoint boasts a flawless customer retention rate, indicating strong satisfaction among its clientele.
The company’s innovative technology affects the lives of nearly one-quarter of U.S. households, making BlastPoint a trusted partner for major utilities and financial institutions. As it continues to grow, the company remains dedicated to providing AI solutions that prioritize both high performance and ethical considerations.
KEY QUOTES:
“We are really excited to have MissionOG support our next growth phase. The funding will enable us to build our next generation of AI predictive analytics without sacrificing our ethical standards. This investment will accelerate our ability to deliver equitable insights to organizations and directly improve the lives of millions of people navigating financial and energy challenges.”
Alison Alvarez, CEO and Co-Founder of BlastPoint
“BlastPoint is tackling some of the most critical challenges facing utilities and financial services providers today, specifically delivering predictive insights that drive engagement, equity, and efficiency. We believe their responsible approach to AI positions them to lead a rapidly expanding market, and we are excited to support their journey.”
George Krautzel, Managing Partner at MissionOG
