US and Israel-based revenue intelligence platform Gong has raised $200m in a Series D round of funding, which it will use to meet 'strong market demand' for its technology, and invest in its product, engineering and go-to-market teams.
Co-founded by CEO Amit Bendov (pictured) and Eilon Reshef, Chief Product Officer, Gong's captures clients' interactions with their customers via e-mail, web conference calls, phone calls and other means, and then uses patented AI technology to understand what is being said, uncovering patterns and trends in the data, and finding insights to help increase sales, reduce churn, and increase market share.
New funding was led by Coatue, joined by Index Ventures, Salesforce Ventures and Thrive Capital, with participation from existing investors Battery Ventures, NextWorld Capital, Norwest Venture Partners, Sequoia Capital and Wing Venture Capital. Gong's total funding raised to date stands at $334m, and the company has now been valued at $2.2 billion.
Bendov comments: 'With global sales teams switching to remote work and field sales teams grounded for the foreseeable future, we are seeing substantial demand for Gong's solution even in a challenging business environment. There is a new way to win in sales and the best sales teams are turning to Gong's Revenue Intelligence Platform to guide them down that path'.
Web site: www.gong.io .
All articles 2006-20 written and edited by Mel Crowther and/or Nick Thomas unless otherwise stated.