Draup Inc., a Houston, Texas-based B2B software as a service company, announced that it secured $20 million in its first round of institutional financing to accelerate product development, enhance customer experience, and develop new use cases to help customers achieve better business outcomes across both talent management and sales growth.
The round was led by HKW, a middle-market private equity firm, focused on growth-oriented companies, HKW brings a network of operational experience that will help Draup strengthen its product portfolio and anchor its leadership position in the US Enterprise Sales and Talent Intelligence market.
Company: Draup Inc.
Raised: $20.0M
Round: Unknown
Funding Month: March 2022
Lead Investors: HKW
Additional Investors:
Company Website: https://draup.com/
Software Category: AI-Driven Enterprise Decision Making Platform
About the Company: Founded in 2017 by serial entrepreneurs Vijay Swaminathan and Vamsee Tirukkala. Draup is an AI-driven enterprise decision-making platform for global CXO leaders in sales and talent domains. Draup for Sales is an AI-Powered Sales Intelligence platform that empowers sales teams with industry, account, and stakeholder intelligence, and enables them to micro-target prospects. Draup for Talent is an AI-driven Reskilling and Talent Intelligence platform that helps HR leaders and talent management teams plan, hire and skill a future-ready workforce.
Source: https://www.prnewswire.com/in/news-releases/draup-secures-usd-20-million-in-series-a-funding-as-it-disrupts-enterprise-sales-and-talent-intelligence-857095700.html