Financial News - Demand Gen Report https://www.demandgenreport.com/financial-news/ Wed, 24 Apr 2024 20:36:47 +0000 en-US hourly 1 https://www.demandgenreport.com/wp-content/uploads/2024/01/dgr_v3_funnel-1-150x150.png Financial News - Demand Gen Report https://www.demandgenreport.com/financial-news/ 32 32 Nooks Generates $22M In Series A Funding https://www.demandgenreport.com/uncategorized/nooks-generates-22m-in-series-a-funding/47366/ https://www.demandgenreport.com/uncategorized/nooks-generates-22m-in-series-a-funding/47366/#respond Wed, 24 Apr 2024 20:36:47 +0000 https://www.demandgenreport.com/?p=47366 Nooks, an AI dialing and prospecting platform, raised $22 million in series A funding, bringing its total funding to $27 million. With the capital, the company plans to expand its product suite, which includes various AI-powered tools designed to help sales teams that prospect over the phone. The platform includes integrations with tools such Outreach, […]

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Nooks, an AI dialing and prospecting platform, raised $22 million in series A funding, bringing its total funding to $27 million. With the capital, the company plans to expand its product suite, which includes various AI-powered tools designed to help sales teams that prospect over the phone.

The platform includes integrations with tools such Outreach, Salesloft, Apollo, Gong, HubSpot and Salesforce, with specific features that include:

  • AI Dialer, which seeks to automate manual tasks like skipping ringing and answering machines, logging calls and taking notes;
  • AI Research, which analyzes data from emails, calls, closed-lost notes, marketing campaigns and LinkedIn to help reps personalize their call scripts and identify high-intent leads;
  • Nooks Numbers, which uses AI to automatically identify prospects with inaccurate phone data and find new phone numbers by searching across data providers such as Apollo, Cognism and ZoomInfo;
  • Nooks Call Analytics, which transcribes and analyzes calls to help teams answer frequently asked questions; and
  • Nooks Virtual Salesfloor, which provides a Zoom-like environment to help remote, hybrid and distributed sales teams do live call-coaching and collaborate throughout the day.

Sales development reps today spend 90% of their time on manual tasks that can be automated with AI,” said Dan Lee, CEO of Nooks, in a statement. “We’re building Nooks to cut out the busywork and empower reps to focus on the more strategic parts of selling, creating better experiences for sales teams and for their prospects. The sales reps of tomorrow will have prospecting superpowers and will be 10X as productive.”

 

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AI Sales Platform Raises $5.5M In Seed Funding https://www.demandgenreport.com/financial-news/ai-sales-platform-raises-5-5m-in-seed-funding/47211/ https://www.demandgenreport.com/financial-news/ai-sales-platform-raises-5-5m-in-seed-funding/47211/#respond Thu, 04 Apr 2024 15:31:23 +0000 https://www.demandgenreport.com/?p=47211 Sifthub, an AI platform for sales, raised $5.5 million in a seed funding round led by Matrix Partners India and Blume Ventures, with participation from additional investors. Sifthub plans to use the capital to innovate its technology to help sales teams discover knowledge and generate responses to customer needs immediately. The company’s AI platform is […]

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Sifthub, an AI platform for sales, raised $5.5 million in a seed funding round led by Matrix Partners India and Blume Ventures, with participation from additional investors. Sifthub plans to use the capital to innovate its technology to help sales teams discover knowledge and generate responses to customer needs immediately.

The company’s AI platform is designed to provide one-click integrations with various workplace apps — including customer relationship management systems, content repositories, knowledge bases and more — to bring all information into a single hub. Using RAG technology and large-language models with industry-specific knowledge training, SiftHub seeks to help companies generate personalized responses with zero hallucinations

“After speaking to more than 200 leaders, it dawned on me that it’s completely unreasonable to expect sales and pre-sales professionals to memorize all the ins and outs of the product in order to be able to respond to clients with complex technical details,” said Manisha Raisinghani, Founder of Sifthub, in a statement. “Trying to find up-to-date accurate information when it is scattered across Slack, Gmail, Drive, HubSpot, Confluence and more is incredibly difficult. The fact that sales spends only 30% of their time selling cries for a change — and that’s where our platform comes in.”

 

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Openprise Secures $25M In Series B Funding https://www.demandgenreport.com/financial-news/openprise-secures-25m-in-series-b-funding/46787/ https://www.demandgenreport.com/financial-news/openprise-secures-25m-in-series-b-funding/46787/#respond Mon, 11 Mar 2024 11:48:48 +0000 https://www.demandgenreport.com/?p=46787 Openprise, a provider of revenue operations (RevOps) data automation, closed a $25 million Series B equity raise led by investment funds managed by Morgan Stanley Expansion Capital. The company plans to use the financing to expand its product roadmap, bolster talent recruitment efforts and drive sales and marketing growth by investing in critical go-to-market (GTM) initiatives […]

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Openprise, a provider of revenue operations (RevOps) data automation, closed a $25 million Series B equity raise led by investment funds managed by Morgan Stanley Expansion Capital.

The company plans to use the financing to expand its product roadmap, bolster talent recruitment efforts and drive sales and marketing growth by investing in critical go-to-market (GTM) initiatives and customer success programs.

“At Openprise, we are solving today’s challenges by focusing on the most fundamental yet overlooked problems for RevOps teams: Poor data quality, too many silos and unusable formats,” said Ed King, Founder and CEO of Openprise, in a statement. “Data is at the core of what we do because it’s the key enabler of every GTM initiative. Many companies are exploring AI under the RevOps framework. Because AI is the ultimate data-driven application, Openprise is leading the industry to unlock the value of data with the industry’s next-generation cloud platform for RevOps. Our goal is to consistently provide RevOps teams with a trusted data foundation so they can automate any process and simplify even the most complex technology stack.”

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Photoroom Secures $43M In Series B Funding; Releases Suite Of AI Tools https://www.demandgenreport.com/financial-news/photoroom-secures-43m-in-series-b-funding-releases-suite-of-ai-tools/40996/ Wed, 28 Feb 2024 17:03:00 +0000 https://www.demandgenreport.com/photoroom-secures-43m-in-series-b-funding-releases-suite-of-ai-tools/ Photoroom, an AI photo editor, closed a $43 million Series B funding round led by new and previous investors, bringing the company's total funding to $64 million. With the capital, the company plans to invest in more graphics processing units, secure imagery from leading image providers and photographers and double the size of its team by the end of 2024.

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Photoroom, an AI photo editor, closed a $43 million Series B funding round led by new and previous investors, bringing the company’s total funding to $64 million. With the capital, the company plans to invest in more graphics processing units, secure imagery from leading image providers and photographers and double the size of its team by the end of 2024.

The announcement comes as Photoroom launched its first foundation model tailor-made for product photography, Photoroom Instant Diffusion (Photoroom ID), which is trained to master product photography to ensure that images from different sources look consistently styled.

“The foundation model is the next step in empowering businesses to create amazing product photos without the need to be an expert at prompt engineering or photography,” said Matthieu Rouif, Co-founder and CEO at Photoroom, in a statement. “Our model has been trained to excel at product photography and can quickly adapt to user needs and feedback. We are not only increasing the speed of our model, but also optimizing for quality, through higher resolution, more detailed images and a larger training dataset than ever before. As a user-centric AI company, we designed the architecture to make sense for our users.”

Additionally, the company is launching a suite of new AI photo-editing tools, which include:

  • AI Backgrounds, formerly known as Instant Backgrounds, that generate AI backgrounds for product photography;
  • AI Expand, to realistically expanding the scene around an existing image;
  • AI Images, which allow customers to create custom images from scratch using text prompts;
  • AI Fill, which customizes an item or area of an image;
  • Auto-Rotate, which corrects the camera angle with AI for more professional images;
  • AI Upscale, which enhancese resolution of images for higher quality photos; and
  • An Image Editing API that helps businesses use Photoroom’s API to generate and edit hundreds of images in seconds.

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Redactable Raises $5.5M In Seed Funding https://www.demandgenreport.com/financial-news/redactable-raises-5-5m-in-seed-funding/8143/ https://www.demandgenreport.com/financial-news/redactable-raises-5-5m-in-seed-funding/8143/#respond Wed, 20 Dec 2023 22:12:28 +0000 https://www.demandgenreport.com/redactable-raises-5-5m-in-seed-funding/ Redactable, an AI-based redaction platform, generated $5.5 million in seed funding led by Gradient Ventures with participation from additional investors.

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Redactable, an AI-based redaction platform, generated $5.5 million in seed funding led by Gradient Ventures with participation from additional investors.

Redactable’s AI-driven platform leverages natural language processing and machine learning to automatically detect sensitive information in documents and redact it. The company plans to use the funding to advance its market reach, visibility and operations.

“With so much confidential information being shared electronically, the risk of data vulnerability for both individuals and organizations is increasing exponentially,” said Amanda Levay, Redactable Founder and CEO, in a statement. “Too much time is spent using black markers or drawing boxes over sensitive data, which is not only inefficient but also ineffective.”

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Mine Secures $30M In Series B Funding https://www.demandgenreport.com/financial-news/mine-secures-30m-in-series-b-funding/8126/ https://www.demandgenreport.com/financial-news/mine-secures-30m-in-series-b-funding/8126/#respond Wed, 06 Dec 2023 15:52:01 +0000 https://www.demandgenreport.com/mine-secures-30m-in-series-b-funding/ Mine, an AI-powered data privacy company, raised $30 million in Series B funding in a round co-led by Battery Ventures and PayPal Ventures, with participation from new and existing investors.

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Mine, an AI-powered data privacy company, raised $30 million in Series B funding in a round co-led by Battery Ventures and PayPal Ventures, with participation from new and existing investors.

Mine plans to use the capital to scale its B2B enterprise-grade product MineOS, which features an intuitive, no-code experience that seamlessly integrates with advanced AI technology.

“In the ever-evolving landscape of regulations and groundbreaking initiatives like AI, organizations now demand comprehensive visibility for effective data governance, and our solutions have never been more essential for enterprises of all sizes,” said Gal Ringel, Co-founder and CEO of Mine, in a statement. “We’ve engineered a completely differentiated customer experience that has proven itself in the marketplace. Our pragmatic approach, coupled with an unwavering emphasis on ease of use, has deeply resonated with our users. This funding positions us to deliver an even more seamless and differentiated experience, ushering in a more efficient and streamlined approach to addressing data privacy concerns in the B2B market. This further solidifies our commitment to making the digital world safer and more transparent.”

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AI-Powered Event Platform Vendelux Raises $14M In Series A Funding https://www.demandgenreport.com/financial-news/ai-powered-event-platform-vendelux-raises-14m-in-series-a-funding/8108/ https://www.demandgenreport.com/financial-news/ai-powered-event-platform-vendelux-raises-14m-in-series-a-funding/8108/#respond Mon, 27 Nov 2023 16:15:40 +0000 https://www.demandgenreport.com/ai-powered-event-platform-vendelux-raises-14m-in-series-a-funding/ Vendelux, an AI-powered event intelligence platform, raised $14 million in a Series A funding round led by FirstMark Capital with participation from additional investors. With the new capital, the Vendelux plans to expand its geographic footprint, enhance product development and acquire new customer segments.

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Vendelux, an AI-powered event intelligence platform, raised $14 million in a Series A funding round led by FirstMark Capital with participation from additional investors. With the new capital, the Vendelux plans to expand its geographic footprint, enhance product development and acquire new customer segments.

Powered by AI and predictive modeling, Vendelux’s platform seeks to help event marketers and CMOs analyze customer and competitor behavior and make informed decisions about event attendance or sponsorship by analyzing 65 million data points from more than 160,000 global events and CRM integrations. Vendelux plans to use the footage to:

  • More than double its team by the end of 2024;
  • Connect the entire end-to-end journey of event marketers as they plan, execute and evaluate their event strategies; and
  • Build intelligence solutions for conference organizers.

“Events are the most important piece of the marketing and sales funnel, but it’s not always clear which events deliver the greatest return on dollars spent,” said Alex Reynolds, CEO and Co-founder of Vendelux, in a statement. “With teams operating off of different metrics — such as meetings, deals, speaking opportunities, etc. — it’s no wonder the success is so difficult to define. Year after year, [Vendelux’s COO and Co-founder] Stefan [Deeran] and I saw firsthand the challenges of evaluating which events were worthwhile to attend or invest in. We built Vendelux to solve those very challenges. Vendelux delivers the ability to both plan for and measure ROI so that, organization-wide, companies have an understanding of the truly massive impact events have on their business.”

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OfferFit Secures $25M In Series B Funding https://www.demandgenreport.com/financial-news/offerfit-secures-25m-in-series-b-funding/8103/ https://www.demandgenreport.com/financial-news/offerfit-secures-25m-in-series-b-funding/8103/#respond Wed, 15 Nov 2023 15:04:05 +0000 https://www.demandgenreport.com/offerfit-secures-25m-in-series-b-funding/ OfferFit, an automated experimentation marketing technology company, secured $25 million in a Series B funding round led by Menlo Ventures with participation from additional investors. The company plans to use the funding to scale while also investing in product development.

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OfferFit, an automated experimentation marketing technology company, secured $25 million in a Series B funding round led by Menlo Ventures with participation from additional investors. The company plans to use the funding to scale while also investing in product development.

OfferFit’s reinforcement learning AI seeks to accelerate experimentation for lifecycle marketers, as it continuously learns and adapts in response to customer actions.

“We’ll use this funding to continue to scale, of course,” said OfferFit’s Co-founder and CEO, George Khachatryan, in a statement. “But we’ll also invest heavily in our product. We’re making OfferFit quicker and easier to deploy and giving marketers more tools to leverage the insights they gain from automating experimentation.”

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Stockpress Raises $1.8M In Seed Funding https://www.demandgenreport.com/financial-news/stockpress-raises-1-8m-in-seed-funding/8089/ https://www.demandgenreport.com/financial-news/stockpress-raises-1-8m-in-seed-funding/8089/#respond Fri, 03 Nov 2023 16:55:15 +0000 https://www.demandgenreport.com/stockpress-raises-1-8m-in-seed-funding/ Stockpress, a file management platform, raised $1.8 million in seed funding, bringing its total capital raised to $2.5 million. The latest round was led by Argon Ventures with participation from other investors.

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Stockpress, a file management platform, raised $1.8 million in seed funding, bringing its total capital raised to $2.5 million. The latest round was led by Argon Ventures with participation from other investors.

Stockpress seeks to combine file management with the features of digital asset management software. With the new capital, the company plans to grow its team and invest in attracting, engaging and converting new customers from the content, marketing and creative communities.

“We’re excited to continue scaling the Stockpress business — not just in terms of new customers, but growing through our existing customer base, too,” said Jessica Storry, CEO and Co-founder at Stockpress, in a statement. “We’re building integrations with the tools our customers are using every day. Whether it’s project management, design or communication, we’re looking to be the hub for teams to organize, share and find media files.”

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Canvs AI Secures $15M In Funding https://www.demandgenreport.com/financial-news/canvs-ai-secures-15m-in-funding/8042/ https://www.demandgenreport.com/financial-news/canvs-ai-secures-15m-in-funding/8042/#respond Fri, 29 Sep 2023 13:36:59 +0000 https://www.demandgenreport.com/canvs-ai-secures-15m-in-funding/ Canvs AI, an insights platform built to unlock costumer and employee feedback, raised $15 million in a funding round led by Fulcrum Equity Partners with participation from other investors. The company plans to use the capital to accelerate product development and customer success and expand its go-to-market (GTM) initiatives.

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Canvs AI, an insights platform built to unlock costumer and employee feedback, raised $15 million in a funding round led by Fulcrum Equity Partners with participation from other investors. The company plans to use the capital to accelerate product development and customer success and expand its go-to-market (GTM) initiatives.

The Canvs AI platform is built to unlock critical insights in unstructured feedback from multiple sources, using a combination of patented, natural-language algorithms and a newly released generative AI co-pilot, AI Story Assist, that presents users with an automated narrative about their data. Canvs AI seeks to investigate data with plain-language questions and produce easily understood and quantifiable metrics into emotional reactions.

“Brands are already sitting on a mountain of feedback collected from their survey tools, customer support chats, interview transcripts, reviews and social media,” said Jared Feldman, Canvs AI Founder and CEO, in a statement. “But it’s incredibly inefficient — if not impossible — to generate meaningful insights from it. Canvs allows insights, customer experience and HR leaders to unlock significant business value for their organizations by turbo-charging time-to-insights and empowering empathetic decision-making.” 

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