Teneo AI

About Teneo AI

Teneo AI, formerly known as Artificial Solutions, is a publicly traded technology company specializing in conversational AI. Founded in 2001 in Stockholm, Sweden, by Johan Åhlund, Johan Gustavsson, and Michael Söderström, the firm initially focused on creating interactive web assistants using natural language processing. The company became publicly listed on the Nasdaq First North stock exchange in 2019 through a reverse takeover and officially rebranded to Teneo.ai in August 2024 to reflect its focus on its core platform.

The company's primary offering is the Teneo platform, a sophisticated conversational AI development platform that enables enterprises to build, deploy, and manage multilingual (supporting 86 languages) and multichannel conversational agents. This platform is designed for creating scalable solutions like virtual assistants and chatbots for applications in customer support and contact centers. Teneo combines voice automation, the ability to orchestrate Large Language Models (LLMs), and integrations with enterprise systems like CRMs and ERPs. Its features include Teneo Studio for dialogue design with no-code and pro-code capabilities, Teneo Engine for interpreting user requests, Teneo Data for conversation analytics, and a Teneo Copilot that utilizes LLMs to speed up development.

Teneo AI operates on a subscription-based Software-as-a-Service (SaaS) model. Revenue is primarily generated from recurring subscriptions based on the number of users, API call volume, and data analytics usage. This usage-based model means revenues scale as customers' use of the Teneo-powered solutions increases. The company targets large enterprises across diverse sectors such as telecommunications, finance, retail, and travel, with notable clients including AT&T, HelloFresh, Telefónica, and Swisscom.