RevSure, a Palo, Alto, CA-based AI-powered pipeline acceleration company, has expanded its seed funding to $10 million with an additional $6 million in seed funding.
The round was co-led by Neotribe Ventures and Innovation Endeavors, with participation from Operator Collective and Correlation Ventures.
The company has helped customers like BigID, Zeotap, and SnapLogic simply and accurately predict, generate, and accelerate their pipelines. RevSure's real-time, AI-powered insights enable users to identify bottlenecks and receive recommendations on prioritizing efforts to maximize return on investment.
The additional funding will allow RevSure to continue its mission of advancing the effectiveness of pipeline generation for B2B companies. The company plans to deepen its investments in product development, engineering, and AI technology and resources. It also aims to expand its customer acquisition efforts and reinforce its go-to-market strategy.
“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. “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.”
Neotribe Partner Alex Salazar, the former founder, and CEO of Stormpath (acquired by Okta), will join RevSure's board of directors.
Company: RevSure.AI Inc.
Raised: $10.0M
Round: Seed Round
Funding Month: June 2023
Lead Investors: Neotribe Ventures and Innovation Endeavors
Additional Investors: Operator Collective and Correlation Ventures
Company Website: https://www.revsure.ai/
Software Category: Pipeline Acceleration and Readiness
About the Company: Founded in 2021 by Deepinder Singh Dhingra, RevSure.AI is an AI-fueled pipeline acceleration company that provides companies with unprecedented insight into pipeline generation health and how to prioritize marketing investments. RevSure AI provides tools for marketing, sales, and customer success for revenue operations. The company is committed to reducing the uncertainty around revenue funnel conversations for B2B companies and helping them boost qualified opportunities in their pipeline. Unlike existing revenue intelligence solutions where pipeline generation is an afterthought, RevSure.AI provides a trusted, first-of-its-kind solution that gives B2B companies predictive insights into their pipeline generation activities and what it takes to hit their numbers.
Source: https://www.revsure.ai/press-release/revsure-ai-closes-10-million-seed-round-led-by-neotribe-ventures