Wonderful more than doubles its valuation to $5B in under 6 months;plus, Volunteer at TechCrunch Founder Summit in Boston

0:01This is TechCrunch.

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1:13That's Framer.com slash tcstartups. Rules and restrictions may apply. The Israeli-Dutch AI startup Wonderful has raised$550 million in a Series C funding round that gives it a price tag of$5 billion, more than doubling the$2 billion valuation the company gained when it last raised funding nearly six months ago. Insight Partners returns to lead this round as well, and existing investors, Index Ventures, IVP, Vine Ventures, Nine Yards, and Bessemer Venture Partners are participating once again. Salesforce is investing in the company for the first time in this round. Founded early last year, Wonderful has grown blazingly fast.

1:57It initially saw strong traction with its customer service AI agent platform, which it built and customized to sell in various non-English speaking markets. Its strategy of deploying engineering teams to work with its customers, sometimes on their premises, to deploy and integrate its AI tech into their workflows and systems also proved very successful. The company says it now works across more than 35 countries. The startup's core offering has evolved over the past couple of months. Departing from its customer service roots, Wonderful now offers a platform dubbed Wonderful AI OS, which it says can coordinate and connect agents' workflows and AI applications with companies' data, context, and existing integrations.

2:44The company says the platform works with any AI model and is compatible with existing tech stacks. Wonderful's CTO and co-founder Rui Lalazar said, Customers can adopt whichever parts of the platform makes the most sense, integrate them with existing systems, choose the best models for each workload, and retain ownership of everything they build. The company is still leaning on its forward-deployed engineers to help embed its products quickly into companies, which appears to be a good strategy given the demand for experts versed in implementing AI services and products. Wonderful said it will use the fresh$550 million to develop products faster, expand its FDE teams, and meet demand for its products.

3:33TechCrunch is looking for some incredible volunteers to make the TechCrunch Founders Summit in Boston on November 4th something to remember. So if you're interested in finding out what goes into building tech events, apply to volunteer. If you are selected, not only will you get a behind-the-scenes look at how events are produced, but you also earn a ticket to enjoy the event before or after your shift. On top of that, you'll get a free pass to experience Disrupt in 2027. Now, that is some added value. Whether you dream of becoming a startup founder, marketer, or event coordinator, this is a great way to see what it takes to produce a world-renowned startup event.

4:11Plus, you can attend all of the expert-led workshops covering essential topics like accelerating user growth, finding funding, and building your brand after you volunteer. We expect around 1 ,100 people at Founder Summit, and volunteers will handle a variety of tasks to help make this event a worthwhile experience for everyone. At any given time, you might help with registration, wrangle speakers, direct attendees, scan tickets, or help with general event setup. Lend a helping hand and gain valuable event experience and still have plenty of time to take in all the goodness that TechCrunch Founders Summit has to offer.

4:50Volunteer spots are limited, so apply before October 19th to be considered. And I've put a link to apply in the show notes. That's all for now. For the latest in startup tech news, go to TechCrunch.com.

5:37We'll see you next time. Make your move. Order on the Sweetgreen app.