SiftHub, a San Francisco, CA-based AI SaaS startup that provides a platform for sales and presales teams, has raised $5.5 million in seed funding.  

Investors 

The round was co-led by Matrix Partners India and Blume Ventures, with participation from the Neon Fund and executives/founders from Superhuman, Cloudflare, DevRev, Razorpay, and SuperOps.  

Founded in 2006, Matrix Partners India invests in companies targeting the consumer and enterprise market at the seed, early, and early growth stages. The firm has invested in several enterprise technology companies. Matrix Partners India has advisory offices in Bangalore, Delhi, and Mumbai.  

Blume Ventures is an early-stage India-focused venture fund that backs startups with funding and active mentoring. Blume typically invests in seed and pre-Series A rounds in tech-led startups led by founders obsessed with solving hard problems for the Indian market and from India for the world. Blume now has an AUM (Assets Under Management) of over $600 million.  

SiftHub Use of Funds 

The funds will fuel the company's growth initiatives, including product development, team expansion, and market penetration efforts.  

About SiftHub 

Founded by Manisha Raisinghani, SiftHub is an AI SaaS company that focuses on developing an AI assistant for sales and presales teams to streamline their workflows, allowing them to allocate more time to building relationships with customers rather than mundane tasks. SiftHub's generative AI assistant targets various non-sales activities that sales personnel typically encounter, such as data entry into CRM systems, compiling requests for proposals (RFPs), researching customer information, and creating presentation decks. The AI assistant integrates seamlessly with platforms like Google Drive, Slack, Zendesk, HubSpot, and Salesforce, offering support through multiple channels including Slack, Microsoft Teams, Chrome plugin, and web app, with multilingual capabilities. SiftHub operates from the U.S. headquarters with an R&D team based in Mumbai, India.  

Funding Details 

Company: SpeedUp Inc.   

Raised: $5.5M   

Round: Seed Round   

Funding Month: April 2024   

Lead Investors: Matrix Partners India, Blume Ventures   

Additional Investors: Neon Fund    

Company Website: https://www.sifthub.io/     

Software Category: AI Sales

Source: https://techcrunch.com/2024/04/03/sifthub-funding-ai-sales/