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MOBILE & TELECOMMUNICATIONS | Mobile Software & Services / Application Development
mobilebutler.co

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Stage

Acquired | Acquired

About Mobile Butler

Mobile Butler focuses on creating customized mobile portals for rent payment, maintenance requests, bill payment, and manager communication.

Mobile Butler Headquarter Location

Georgetown, Texas,

United States

Latest Mobile Butler News

China: Mobile butler service Laiye gets funding from Microsoft

Dec 23, 2016

China: Mobile butler service Laiye gets funding from Microsoft Subscribe to our newsletter Shiwen Yap December 23, 2016: &nbsp US-based international software firm  Microsoft is investing in a Chinese mobile butler service  Laiye   by  leading its Series A round. Financial terms of the investment are undisclosed. Existing investors  Lightspeed China and Sequoia China participated in the round too. Laiyes’ mobile butler service works like Silicon Valley-based Magic  allowing users to add all kinds of orders, such as buying coffee, booking a flight or any other type of mission. These orders are executed using both human and automated assistants. The firm raised $4 million seed round in September 2015. Since assuming the role of CEO, Satya Nadella has been increasing investments into mobile technologies, with AI another focus area. This is evidenced by the launch of an AI-focused fund under Microsoft Ventures . The investment could see a partnership, with Laiye potentially leveraging on access to Microsofts’ information from assets such as Bing, in addition to serving as a channel for driving the growth of Microsoft software in China. To date, the startup maintains a workforce of 60 staff, with some coordinating requests too complex for the AI. Users input service requests, which Laiye then sends to relevant providers. Certain tasks can be automated as well. Currently operating on a freemium model , with apps for WeChat, as well as the iOS and Android platforms, the venture monetises free requests through commissions generated from services booked through its platform. However, while freemium has become a widely adopted business model that has driven the emergence and contributed to the success of companies like file-sharing service Dropbox, note-taking software Evernote and internet calling service Skype, it is challenging to cover costs using such a business model. Also Read:

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