Pypestream Raises $7 Million

According to a recent SEC filing, martech startup Pypestream has raised $7 million in financing from an undisclosed investor.

Pypestream is a customer engagement solution that connects businesses to their customers through the power of smart messaging to drive satisfaction and loyalty. The secure and compliant platform combines pragmatic AI and chatbots to enable transactions via messaging. Businesses use Pypestream for customer service, marketing, billing, and internal processes. Industry verticals served include healthcare, insurance, utilities, and government. The company’s customers include Insurance Thought Leadership (ITL); Lynx Services, a Solera Company; and Discovery Health, among others.