Complete List of All AI Companies Under $2 Billion Market Cap

42. Marchex, Inc. (NASDAQ:MCHX)

Market Capitalization: $86.5 Million

Number of Hedge Fund Holders: 5

Marchex, Inc. (NASDAQ:MCHX) is a conversation intelligence company operating in the U.S., Canada, and globally. Its AI-powered solutions include Marketing Edge, which evaluates inbound conversations and connects sales to marketing-driven leads. Another solution is Sonar Business Text Messaging, which is an AI-enabled workflow platform for mobile communication with prospects, customers, and staff. Marchex Platform Services offers APIs that use AI to analyze customer interactions for actionable insights. Spotlight is a company’s AI analytics tool for multi-location businesses.

In late December, 2024, Marchex (NASDAQ:MCHX) announced its partnership with the Microsoft Cloud AI Partner Program and gained the ability to offer its solutions through the Microsoft Azure Marketplace. The collaboration allows the company to drive sales growth by helping customers use their Microsoft cloud investments and expand into new markets and channels.

By combining the power of Azure with Marchex’s AI-driven conversational analytics, which are trained on billions of minutes of conversations, the partnership aims to deliver value and reach at scale. Edwin Miller, CEO of Marchex, commented:

“Partnering with Microsoft allows us to integrate our unique AI capabilities with Microsoft’s Cloud AI scalability and reliability, and deliver unparalleled insights and operational excellence to our customers. This collaboration represents a significant step forward in our mission to optimize customer journey experiences and deliver powerful solutions that transform first-party data into a competitive advantage for our customers.”