Revolear, a San Francisco, CA-based artificial intelligence (AI)-powered enterprise SaaS digital deal platform, launched with $6 million in seed financing.
The enterprise SaaS platform connects buyers and sellers in the cloud and provides capabilities to structure, propose, negotiate, and approve deals on a shared source of data.
The investment comes from Craig Ramsey, Mark Armanante, Young Sohn, Matt Wallach, and James Ramsey, who collectively founded Veeva and Vlocity, which was acquired by Salesforce for $1.5 billion.
Revolear aims to address the challenges faced by corporations in aligning stakeholders and closing deals in the B2B decision-making process. The platform empowers deal teams with new ways to optimize, communicate, and collaborate, ultimately increasing the number of deals closed.
Revolear moves the dealmaking process into the digital realm, leveraging AI to meet the evolving needs of B2B selling.
"The pandemic kept sales reps out of their customer's offices, and it turns out that eight of 10 B2B buyers actually prefer it that way," said Raja Singh, founder and CEO of Revolear. "We're in a new era of hybrid selling - with remote salespeople and digital channels augmenting the field team. Solutions are getting more complex, and more of the buyer's decision process is happening online. Sales organizations have been relying on siloed applications and redlined documents to manage complex deals. Revolear moves the dealmaking process into the digital realm, where customers want to collaborate with their sales representatives."
The digital deal platform is currently available through a limited pilot program. Interested parties can contact Revolear for more information and join their mailing list for future updates.
Company: Revolear Corporation
Round: Seed Round
Funding Month: July 2023
Lead Investors: Craig Ramsey, Mark Armanante, Young Sohn, Matt Wallach, and James Ramsey
Company Website: https://www.revolear.com/
Software Category: AI-powered Digital Deal Platform
About the Company: Revolear is a cutting-edge digital deal platform that transforms the way companies' structure, propose, negotiate and approve complex business solutions. Conceived by CRM veterans and sales visionaries, Revolear combines the power of the latest artificial intelligence with the flexibility and simplicity valued by salespeople to drive deals to closure.
Source: Samantha Rubenstein