RevSure, an AI-fueled pipeline acceleration company has raised an additional $6 million in its seed funding round and has closed the round at $10 million. It was led by Neotribe Ventures and Innovation Endeavors. Operator Collective and Correlation Ventures also participated.
Post this fundraising round, Alex Salazar, the partner of Neotribe will join RevSure’s board of directors.
The company will utilise the newly-generated fund for the advancement of its pipeline generation for B2B (business-to-business) companies. Additionally, it will invest in product, engineering, and AI technology and resources. The company is also eying to scale its customer acquisition and improve its go-to-market strategy.
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According to a company statement, RevSure has helped customers like BigID, Zeotap and SnapLogic to predict, generate and accelerate their pipelines. Its AI-powered insights have played a pivotal role to identify bottlenecks and offer recommendations to prioritise efforts to maximise ROI (Return on investments).
"RevSure uncovers what’s happening in the marketing and sales funnel so companies know exactly what’s working, how much leakage is occurring, and where to focus resources to win more deals,” said Alex Salazar, Partner at Neotribe Ventures.
"We're thrilled to be leading the expansion of RevSure's seed round as their ability to accurately predict pipeline value from all the leads marketing generates is creating an opportunity for them to become the de facto system of engagement for demand gen teams," he claimed.
“Pipeline health needs to be on every go-to-market leader’s, CEO’s, and Board’s agenda - it’s the missing link in driving predictable & profitable revenue growth which is critical in the current economic climate,” said Deepinder Singh Dhingra, founder and CEO of RevSure.
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“Adding AI-based predictive insights into pipeline effectiveness and health will allow companies to focus on predictability for outcomes, acceleration to revenue and effectiveness or quality and efficiency,” he noted.
