Xfactor.io, a San Francisco, CA-based comprehensive AI-powered revenue platform, has announced a $16 million Series A funding.
Investors
The round was co-led by Accel and XFactor.io CEO and founder Mike Carpenter. Lightspeed and other investors also participated in the funding round.
Founded in 1983, Accel is a seed and growth-stage venture capital firm that supports a global community of entrepreneurs. It prefers to invest in early-stage companies operating in the cloud, software as a service (SaaS), consumer, enterprise, information technology, healthcare, fintech, security, media, and business products & services sectors. The firm has additional offices in San Francisco, London, and Bangalore.
Xfactor.io Use of Funds
The funding will primarily advance Xfactor.io's platform by enhancing its AI capabilities to better support go-to-market teams. Xfactor.io intends to streamline strategic decision-making, reduce risk, and empower revenue leaders to achieve growth targets more effectively.
About Xfactor.io
Xfactor.io offers a platform that unifies sales, marketing, and operations teams to address the challenges encountered by Chief Revenue Officers (CROs). The platform enables revenue leaders to plan precisely, execute with value, and make real-time, intelligent decisions to accelerate pipeline, increase deal size, and improve win rates. Xfactor.io leverages AI to provide insights and predictive choices that enhance decision-making without compromising accuracy.
Funding Details
Company: XFactor
Raised: $16.0M
Round: Series A
Funding Month: April 2024
Lead Investors: Accel, Mike Carpenter
Additional Investors: Lightspeed
Company Website: https://www.xfactor.io/
Software Category: AI-powered Revenue Platform
Source: https://www.xfactor.io/blog/xfactor.io-closes-16m-series-a-led-by-accel