Interview by Jonathan Kersting
It's been nearly a decade in the making, BlastPoint just announced a $10.6 Million round of venture investment from MissionOG out of Philadelphia.
TechVibe couldn't be more excited to welcome Alison Alvarez and Tomer Borenstein, co-founders of BlastPoint, to discuss this major milestone. They share their personal and professional journeys, the unique aspects of BlastPoint's AI solutions, and future organizational goals. Keep listening to gain insights into the challenges and rewards of building a tech company from the ground up here in Pittsburgh and the importance of community support in their success. Let's welcome Alison and Tomer to the show!
Read the official press release:
BlastPoint, an AI-driven customer intelligence platform, today announced it has secured $10.6 million in growth funding. The investment was led by MissionOG, with participation from Curql Fund, Michigan Capital Network, and other existing investors.
The funding comes as demand for AI-powered customer engagement tools continues to surge. BlastPoint operates in a $13 billion market across 13 verticals, including $2 billion opportunities in the financial services and utilities sectors, where organizations face increasing pressure to serve customers more efficiently, equitably, and at scale. BlastPoint will use the funding to further develop and deploy its next-generation prediction technology, which is auditable for equity, avoids hallucination, and only uses permission-granted data.
The company is also focused on expanding solutions that help people struggling to pay bills get matched to assistance programs such as income-capped payments and balance forgiveness. With more than 2X year-over-year growth, 100% customer retention, and technology that now touches the lives of almost one-quarter of U.S. households, BlastPoint has become a trusted partner for leading utilities and financial institutions seeking AI solutions that combine performance with responsibility.
“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,” said Alison Alvarez, CEO and Co-Founder of BlastPoint. “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.”
“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,” said George Krautzel, Managing Partner at MissionOG. “We believe their responsible approach to AI positions them to lead a rapidly expanding market, and we are excited to support their journey.”