Provus, a San Francisco, CA-based provider of automated services quoting solutions, announced that it raised $12 million in Series A funding.
Norwest Venture Partners led the round with returning participation from angel investors, Accel Partners and Storm Ventures, and new investment from Firebolt Ventures.
The funding will help Provus strengthen its product and engineering teams and scale its sales and marketing functions.
Company: Provus Inc.
Raised: $12.0M
Round: Series A
Funding Month: July 2022
Lead Investors: Norwest Venture Partners
Additional Investors: Accel Partners, Storm Ventures, and Firebolt Ventures
Company Website: https://www.provusinc.com/
Software Category: Quoting Solution
About the Company: Provus is a leading innovator and provider of the industry’s only service quoting cloud, that provides SaaS solutions to automate Services CPQ processes. Its unique AI-powered technology helps enterprise customers to accelerate turnaround time, grow deal sizes, and increase win probability faster – all while improving gross margins and mitigating compliance risk. Provus is an approved Salesforce AppExchange Partner. Provus provides revolutionary services quoting solution that finally solves the age-old legacy problem of excessively long quoting and deal construction processes. The Provus Services Quoting Cloud offers collaborative estimation, pricing, and quoting capabilities that are fueled by artificial intelligence to empower service provider organizations to close more deals.
Source: https://www.provusinc.com/provus-inc-announces-12-million-series-a-to-enhance-ai-powered-services-quoting-solution-and-expand-team/
To Enhance AI-Powered Services Quoting Solution And Expand Team