Top Conversational AI Companies

There was a time when chatbots felt clunky and robotic. That time’s over. In 2025, conversational AI is powering real business outcomes, handling support, collecting insights, and guiding users in ways that feel natural and fast.

The global speech and voice recognition market is on a steep rise. It is expected to grow past $80 billion by 2032, driven by increased demand for hands-free, AI-powered user experiences across industries.

An overwhelming 97% of organizations are already tapping into voice technology, using it to transcribe meetings, analyze support calls, or run voice-based assistants as part of their daily operations.

From replacing static forms to running entire onboarding flows, conversational AI is helping teams move faster, cut costs, and stay closer to their users.

That's where conversational AI development companies in 2025 come in.

If you’re this person, read on

This guide is for:

• Founders building AI-first products

• Product managers replacing forms and surveys with smart flows

• CTOs and tech leads scaling automation

• Heads of customer experience streamlining support

• CMOs driving engagement with AI-powered messaging

• Operations leaders automating workflows and service delivery

• Innovation or digital transformation heads evaluating AI partners

Whether you’re a startup or an enterprise team, choosing the right conversational AI development partner can make or break your product quality and delivery speed.

How Can This List Help You?

We’ve shortlisted teams that have actually built and deployed high-impact conversational AI systems, chatbots that serve thousands of users, AI-powered remote health platforms, and voice chat tools used in live decision-making.

You won’t find generic dev shops here. These are companies with strong technical depth, proven delivery, and business understanding.

Why Trust This List?

Over the last 18 months, RaftLabs has been building and deploying AI solutions across sectors like healthcare, hospitality, and customer support.

We evaluated each company based on:

• Technical capabilities and product depth

• Real-world case studies and delivery history

• Industry focus and adaptability

• Transparency and team involvement

• Client reviews and external recognition

What You’ll Find Inside?

This guide features 10 proven conversational AI development companies that are actively shaping the space in 2025. For each one, you’ll get a quick overview of who they are, what they do best, and where they’ve delivered results.

We’ve included a breakdown of their key services, AI capabilities, industries they focus on, and the types of clients or projects they’ve worked with.

You’ll also find practical details like location, pricing range, team size, and what kind of businesses they’re best suited for.

The goal is to give you enough context to compare, shortlist, and confidently pick the right partner, whether you’re building your first chatbot or scaling AI across multiple workflows.

Before we dive into the list, let’s take a moment to understand what conversational AI really means and why it matters for modern businesses.

What is Conversational AI?

Conversational AI refers to technologies that enable machines to understand, process, and respond to human language in a natural, intelligent way. It powers tools like chatbots, voice assistants, and virtual agents that can carry out real-time conversations with users.

Unlike basic rule-based bots that follow fixed scripts, conversational AI uses natural language processing (NLP), machine learning (ML), and sometimes large language models (LLMs) to handle more complex queries, remember context, and improve over time.

You’ll find conversational AI in customer support chatbots, voice interfaces in mobile apps, appointment schedulers, onboarding assistants, and more, across industries like healthcare, finance, retail, and SaaS.

It’s not just about talking, it’s about understanding, learning, and responding in a way that adds value for both the user and the business.

Top Conversational AI Development Companies

Let’s dive into our carefully curated listed of top conversational AI companies.

1. RaftLabs

RaftLabs is a nimble, product-led AI software Development company delivering modern conversational AI and SaaS platforms with speed and precision.

From building an AI chatbot platform for product teams to launching a remote patient monitoring app with predictive analytics, and a real-time voice chat tool for media strategy, RaftLabs consistently turns ideas into high-impact products.

Trusted by brands like Aldi, Energia, and Sanbra Fyffe, their hands-on, founder-led approach sets them apart from traditional agencies.

Key Services

• Conversational AI chatbots with dynamic multi-intent flows

• Custom AI chatbot development (voice + text)

• NLP-powered customer engagement AI agent Development

• HIPAA-compliant AI telehealth apps for chronic care

• Voice-based apps for real-time, anonymous collaboration

• End-to-end SaaS product development with integrated AI

• Founder-involved product delivery with transparent weekly sprints

Industries Served

Healthcare, Media & Communication, MarTech

Ideal For

Startups and modern enterprises seeking fast, lean, and high-impact conversational AI or SaaS tools delivered by a small, sharp, and transparent team.

Location: Fully remote team (Global)

Hourly Rate: $25–$49/hr

Clutch Rating: 4.9/5

2. Openxcell

Openxcell is a global IT consulting and AI development company known for delivering cutting-edge conversational AI solutions across industries.

With deep technical expertise and a flexible collaboration model, they help businesses scale intelligent automation with confidence like building recruitment bots for platforms such as JobTatkal or real estate assistants like Cribzzzz.

Key Services

• Custom chatbot development (voice + text)

• LLM-powered virtual assistants

• AI recruitment and resume bots

• Domain-specific AI bots for fintech, logistics, and healthcare

• Fraud detection and product locator AI

• Integration with CRMs, VoIP, cloud platforms

Industries Served

Healthcare, Fintech, eCommerce, Real Estate, Logistics, Education, Retail

Ideal For

Enterprises looking for secure, scalable, and highly customized AI chatbot systems

Location: Ahmedabad, India

Hourly Rate: < $25/hr Clutch Rating: 4.8/5

3. Velvetech

Velvetech is a US-based software development and consulting company with over two decades of experience helping enterprises and startups build scalable conversational AI, automation, and IoT-powered systems.

Their work spans industries like healthcare, insurance, and logistics, recently helping a dental insurance firm streamline document workflows using custom AI integrations.

Key Services

• AI chatbot and virtual assistant development

• NLP-powered customer engagement agents

• Conversational intelligence for call centers (real-time transcription, analytics)

• Workflow and document automation using AI

• IoT and conversational AI integration

Industries Served

Healthcare, Fintech, Logistics, Automotive, Insurance, Transportation, Manufacturing, Dentistry, Contact Centers

Ideal For

Companies seeking tight AI integrations across CRMs, call centers, or IoT platforms

Location: Chicago, USA

Hourly Rate: $50 - $99 / hr

Clutch Rating: 5/5

4. Attract Group

Attract Group is a web and mobile development agency helping startups and enterprises drive digital transformation through custom-built platforms.

While their focus is broader than conversational AI, their UX expertise and rapid launch capabilities make them a solid tech partner for businesses exploring automation or AI integration like Cypher, a creator platform built for fan monetization.

Key Services

• Web and mobile app development

• Custom CRMs, ERPs, and eCommerce platforms

• UI/UX design and digital product consulting

• Startup MVP development and support

Industries Served E-commerce, Retail, Startups, Events, Urban Arts

Ideal For

Startups or SMBs seeking tailored web and app platforms with room to scale into AI/automation

Location: Amsterdam (NL), Las Vegas (USA)

Hourly Rate: $25–$49/hr

Clutch Rating: 5/5

5. A3Logics

A3Logics is a global IT and AI services company delivering enterprise-grade conversational AI and automation for finance, healthcare, and eCommerce.

Known for fusing AI with business workflows, they’ve helped fintech platforms like Cred unlock $2.6M in hidden revenue by combining customer experience automation with deep data integration.

Key Services

• Custom chatbot and voicebot development

• NLP-powered assistants and BI chatbots

• AI-led sentiment analysis and workflow automation

• Generative AI for personalized user interactions

• CRM, fintech, and healthcare-specific bot solutions

Industries Served

Fintech, Healthcare, CRM, Logistics, Insurance, E-commerce, Media

Ideal For

Enterprises and funded startups needing tailored AI-driven platforms with real-time analytics and long-term support

Location: Jaipur, India (Global presence)

Hourly Rate: $25 - $49 / hr

Clutch Rating: 4.9/5

6. Master of Code Global

Master of Code Global is a seasoned player in conversational AI, delivering powerful chatbot and voice assistant solutions for enterprise and consumer brands.

With deep technical expertise and a strong product mindset, they’ve built systems used by 10,000+ Shopify stores and collaborated with giants like T-Mobile, Estee Lauder, and MTV.

Key Services

• Custom chatbots and voice assistants with generative AI

• Multichannel deployment (Dialogflow, Lex, Rasa, Azure)

• BotFactory platform for large-scale chatbot delivery

• Integrations with LivePerson, Salesforce, Stripe, Zendesk

• Commerce-focused conversational apps for Shopify

Industries Served

Retail, eCommerce, Media, Telecom, Customer Service, BFSI, Consumer Brand

Ideal For

Enterprises and brands needing secure, design-led conversational AI experiences with global scale

Location: Global presence (main teams in North America & Eastern Europe)

Hourly Rate: $50 - $99 / hr

Clutch Rating: 4.7/5.0

7. InvoZone

InvoZone is a Malaysia-based tech company helping startups and enterprises build AI-driven platforms, with a growing footprint in fintech, SaaS, and retail.

Their conversational AI solutions power everything from stock prediction bots to smart PDF form converters, blending automation with real-time analytics for improved business outcomes.

Key Services

• AI chatbot development for fintech, support, and workflow automation

• Interactive form automation via Easyfill.ai

• AI/ML-powered investment recommendation bots

• Real-time data analytics and chatbot integration

• Resource augmentation and dedicated tech teams

Industries Served

Fintech, Financial Analytics, Enterprise SaaS, Retail, Startups

Ideal For

Startups and growing SaaS companies needing cost-effective, flexible AI chatbot solutions backed by strong analytics

Location: Kuala Lumpur, Malaysia

Hourly Rate: $25–$49/hr

Clutch Rating: 4.9/5

8. Beyond Key

Beyond Key is a Microsoft Gold Partner and digital transformation provider delivering AI-powered chat and voice assistants along with deep expertise in business intelligence platforms.

Their solutions are especially well-suited for enterprises that rely heavily on Microsoft technologies and require both automation and advanced analytics under one roof.

Key Services

• AI chatbot and voice assistant development (web, mobile, IoT)

• Voice skill creation for Alexa and Google Home

• BI solutions with Power BI, Tableau, Domo

• OCR + NLP automation for form processing and analytics

• Microsoft and open-source platform integrations

Industries Served

Insurance, Healthcare, Aviation, Retail, BFSI, Global Enterprise

Ideal For

Large enterprises and Microsoft-centric teams looking for end-to-end conversational AI, voice integration, and analytics solutions

Location: Indore, India (Global delivery centers)

Hourly Rate: $25–$49/hr

Clutch Rating: 4.5/5

9. Matellio

Matellio is a global software engineering studio delivering robust AI-powered solutions across sectors like education, finance, and logistics.

Their conversational AI work includes intelligent assistants, speech-recognition platforms, and data-driven service apps—like AIBRT, an EdTech system that uses voice tech to streamline district-level education oversight.

Key Services

• AI chatbot and voice assistant development

• NLP integration and workflow automation

• AI-based analytics and reporting platforms

• Centralized education + service platforms (speech-enabled)

• End-to-end platform development with enterprise scalability

Industries Served

Healthcare, EdTech, Finance, On-Demand Services, Retail, Logistics

Ideal For

Enterprises and funded startups seeking scalable, secure AI platforms with deep backend customization

Location: USA and India

Hourly Rate: $50–$99/hr

Clutch Rating: 4.8/5

10. Sapphire Software Solutions

Sapphire Software Solutions is a trusted development partner for organizations looking to digitize operations through workflow automation, cloud-based systems, and enterprise platforms.

While their focus isn’t on conversational AI specifically, their work in performance management, document processing, and analytics supports the kind of digital infrastructure that often complements AI-led initiatives.

Key Services

• Cloud-based HR and performance management platforms

• Document processing systems with automation and analytics

• ERP development, mobile apps, and custom web platforms

• Workflow optimization for sectors like education, insurance, and logistics

Industries Served

Education, HR Tech, Insurance, Logistics, Government, Enterprise SaaS

Ideal For

Organizations looking to modernize business processes with secure, scalable, and well-integrated enterprise systems—often as a foundation for future AI adoption

Location: India and USA

Hourly Rate: < $25 / hr

Clutch Rating: 4.9/5

Also Read: Top Voice AI Agent Development Companies to build your voice ai agents for your business.

How to Choose the Right Conversational AI Development Company

After exploring the top conversational AI Development companies of 2025, the next step is choosing the right partner for your specific goals. Not every vendor will fit your needs and that’s okay.

What matters most is aligning with a team that understands your business context, has the technical maturity to deliver, and can evolve with you over time.

Here’s a detailed checklist to guide your evaluation:

1. Technical Expertise and Breadth of Services

Start by assessing the company’s core technical capabilities. 

Are they building more than just basic FAQ bots?

A strong partner should offer full-spectrum conversational AI development including chatbots, voicebots, virtual agents, and NLP-driven assistants.

Pay close attention to the tools they use. Frameworks like GPT, Rasa, Dialogflow, Amazon Lex, and Microsoft Bot Framework signal maturity.

Also, see if they can support deployment across multiple channels (web, mobile apps, messaging platforms) and whether they have experience integrating bots into real business systems like CRMs, ERPs, or customer service platforms.

2. Relevant Industry Experience

Context matters. Companies that have already built conversational AI solutions in your industry will better understand your challenges, user behavior, and compliance needs. 

Whether you’re in healthcare, BFSI, eCommerce, or education, ask if they’ve solved problems similar to yours. Bonus points if they offer detailed case studies or can share outcomes like time savings, improved conversions, or workflow automation.

For regulated industries, check how they address data privacy, compliance (HIPAA, GDPR), and domain-specific nuances.

3. Track Record of Delivery

Strong marketing is easy. Proven delivery is harder. Evaluate the company’s reputation through independent reviews like Clutch ratings, testimonials, or recent project references. 

Look for evidence of consistent performance, especially in projects similar to yours. Try to understand the impact of their work:

Did their chatbot reduce response time?

Did their AI assistant improve onboarding efficiency?

You want real results backed by data, not just polished interfaces.

4. Scalability and Long-Term Flexibility

Today’s AI MVP may become tomorrow’s core business tool. The solution you build now should be designed to scale whether that means serving more users, handling more use cases, or integrating with more systems down the road. 

Make sure the team can build architecture that supports modular growth, language expansion, and integration with new platforms.

Also consider how easy it will be to maintain and update the system as your needs evolve.

5. Security and Compliance Practices

Security is not optional, especially if your conversational AI will handle sensitive information. A reputable company will follow security standards and be transparent about data handling. 

Look for familiarity with regulations like HIPAA, GDPR, SOC 2, or ISO 27001.

They should have clear processes for access control, data encryption, consent management, and storage. Even better if they’ve completed formal security audits or have certifications in place.

6. User Experience and Customization Approach

Even the most powerful AI will fail if it doesn’t align with your users. A good partner will work closely with you to define your tone, use cases, and brand voice and build a bot experience that feels natural, responsive, and on-brand. 

Ask how they handle conversation design, user testing, and iteration. Also check how easy it is to update responses, flows, or integrations without needing to rebuild from scratch. You want long-term flexibility, not dependency.

7. Analytics and Performance Tracking

The best conversational AI systems are those that can be measured. Check if the company provides analytics dashboards to monitor user behavior, drop-off points, and engagement trends. 

They should be able to track and report key performance indicators like resolution rate, time to respond, CSAT (customer satisfaction), cost reduction, and usage patterns.

The more visibility you have, the easier it is to improve over time.

8. Engagement Models and Pricing Flexibility

Budgets and timelines vary across businesses, so flexibility in how the company works matters. Explore whether they offer different models like fixed-price, time-and-material, or outcome-based pricing. 

If you’re just getting started, look for partners open to pilot phases or proof-of-concept builds before committing to a full rollout.

Transparency around timelines, scope, and communication rhythms is also key for avoiding hidden surprises mid-project.

9. Team Structure and Collaboration Practices

Beyond the tech, your day-to-day experience will depend on the people. Ask if you’ll have access to a dedicated product manager or delivery lead. 

Try to understand their process, whether it’s Agile, Scrum, or a hybrid approach and how they keep you in the loop during development.

Strong teams will offer regular updates, milestone reviews, and clear documentation. If senior engineers or founders are involved in your project, it’s a good sign of commitment and quality.

10. Innovation Mindset and Differentiators

Finally, look for signs that the company stays ahead of the curve. 

Are they experimenting with generative AI, large language models (LLMs), or multimodal interfaces?

Do they have in-house tools, accelerators, or reusable frameworks that speed up delivery or reduce cost?

Great partners often have their own IP, whether it’s a conversation design tool, a library of reusable intents, or internal R&D around new AI capabilities. This can give your project a real edge.

Final tip

Choose a partner who’s not just strong on paper but aligned with your business reality. Look for teams who are curious, outcome-driven, and open to long-term collaboration.

The best conversational AI solutions are built when strategy, tech, and execution come together, and the right partner can help you get there faster, with fewer surprises.

Final Thoughts

Choosing the right conversational AI partner is about finding a team with great technical skills that understands your goals, your users, and the kind of experience you want to create.

Whether you’re building a smart assistant for onboarding, a voice bot for real-time decisions, or automating customer support, the companies listed above bring real-world experience, strong delivery, and long-term thinking.

As AI adoption continues to grow, the difference between a good solution and a great one often comes down to the partner you pick.

Use this guide as a starting point, ask the right questions, and choose a team that fits both your product and your pace.

Riya Thambiraj

•

Creative content writer at RaftLabs

Riya has a knack for making complex tech easy to grasp, writing about SaaS innovations, AI developments, and cutting-edge IT trends.