Introducing Introhive, a sales and revenue acceleration platform powered by AI. A Series C funding round has been led by equity firm PSG. The Company has already secured customers like Intuit, Microsoft, and Facebook.
Series C funding round led by equity firm PSG
During a Series C funding round, a startup is ready to expand to a new market or market segment. It can also use the funds to expand its employee and product development teams. It might even use the funds to acquire another company. During this funding round, the startup will have to demonstrate to investors that it has a proven track record of growth.
Companies that receive Series C funding are generally profitable and already have a strong customer base. The startup is also likely to have a well-thought out business plan and market research. This is important because many banks are not willing to provide loans to startups that do not have a track record of success.
During this funding round, a company might receive an offer from a bank, a private equity firm, or a hedge fund. The funding round is intended to boost the company’s valuation prior to an acquisition or an IPO.
During a Series C funding round, many companies seek to increase their valuation in anticipation of an IPO. A successful Series C funding round means that investors are confident in the company’s long-term growth.
Company’s AI-powered sales and revenue acceleration platform
Founded by former BlackBerry executive Stewart Walchli, Introhive is a Relationship Acceleration Platform (RAM) that uses AI and machine learning to provide sales teams with actionable insights, sales automation, and sales intelligence. The solution helps organizations grow revenue, improve customer experience, and increase retention. It also helps organizations leverage untapped data.
Introhive is used by organizations across industries, including PwC, Plante Moran, Grant Thornton, and Colliers International. The platform provides automatic updates to company data, enables data automation, and provides actionable insights.
Introhive helps organizations grow revenue and increase sales efficiency, retention, and marketing productivity. The solution is used by more than 200,000 customers in 90 countries. It offers a fully integrated, software-as-a-service platform that works collaboratively with CRMs.
In addition to supporting large organizations, Introhive helps small businesses flourish. It has earned the recognition of 2020 MarTech Breakthrough Award. It has received the Deloitte Technology Fast 50 and Fast 500 awards. It is also recognized by the Great Place to Work Institute as a 2021 Best Workplace in Technology.
Founder Stewart Walchli and the rest of the team at Introhive have built a platform to help client-facing teams improve their performance. This is one of the first companies to leverage the power of artificial intelligence to automate data cleaning and discover hidden revenue growth opportunities. They also provide actionable insights through proprietary algorithms.
The company’s solution works seamlessly with any CRM. They also help to boost customer support and sales capabilities. They are trusted by recognizable brands, including PwC, Colliers International, and Wilson Sonsini Goodrich. They are certified as a Great Place to Work in Canada, and have won awards including the Deloitte Fast 50 and Fast 500. They have more than 100 customers, including industry leaders. They have a global footprint with offices in 10 countries. They have more than $140 million in funding, with more than $100 million coming in their most recent series C funding round. They hope to expand globally and increase their employee count to 400 by 2022 doithuong.