NEWPORT BEACH, Calif., June 10, 2016 /PRNewswire/-- Red Herring today named Pypestream, the leading business-to-consumer messaging platform, as a Top 100 North America winner, an award celebrating the most innovative private companies, startups and technologies across their respective industries.
"We're thrilled to have Pypestream recognized as a Top 100 North America winner and one of the fastest growing private companies in the country," said Matthew Kramer, Pypestream's Vice President of Marketing and Communications. "Since launching in mid-January this year, more than 12,000 businesses have adopted Pypestream to message with their customers – improving customer service and increasing commerce. Now we're seeing that momentum build even faster as large enterprises leverage our proprietary AI and chatbot technologies to deliver an exceptional mobile experience."
Red Herring Top 100 America enlists outstanding entrepreneurs and promising companies. It selects the award winners from approximately 1,200 privately financed companies each year in the US and Canada. Since 1996, Red Herring has kept tabs on these up-and-comers. Red Herring editors were among the first to recognize that companies such as Facebook, Twitter, Google, Yahoo, Skype, Salesforce.com, YouTube, Palo Alto Networks and eBay would change the way we live and work.
"In 2016, selecting the top achievers was extremely difficult," said Alex Vieux, publisher and CEO of Red Herring. "The variety, depth, disruption and traction we saw from the early stage companies to those with significant scale made it one of the toughest vintages to judge. The North America winners are representative of the amazing ecosystem that never ceases to astound, with new and experienced entrepreneurs continuing to push the barriers of innovation. As one of the winners, Pypestream should be proud of its accomplishment under such strong competition."
Red Herring's editorial staff evaluated companies on both quantitative and qualitative criteria, such as financial performance, technological innovation and intellectual property, DNA of the founders, business model, customer footprint and market penetration. This assessment of potential is complemented by a review of the track record and standing of startups relative to their sector peers, allowing Red Herring to see past the "buzz" and make the list a valuable instrument of discovery and advocacy for the most promising new business models in North America.
Pypestream is a secure enterprise mobile messaging platform that uses real-time chat to transform the way brands and businesses connect with their customers. Through 'Pypes' listed in a searchable catalogue, businesses are provided with a direct connection to their customers for increased engagement, automated customer service, and in-message payment processing. The ultimate customer engagement tool, further loyalty is derived by using proprietary AI and chatbot technology to allow conversations at scale. Since launching in Dec 2015, more than 12,000 businesses have adopted Pypestream to improve their customer communication. The company is headquartered in NYC with nearly 100 employees.
David Henderson, 425-829-5971
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