New Funds for Revenue Intelligence Firm BoostUp.ai

In the US, contextual revenue intelligence platform BoostUp.ai has raised $6.25m in a new funding round, to support the continued development of its platform using artificial intelligence (AI) to predict revenue and customer behavior.

BoostUp.ai's platform ingests unstructured communications from e-mail, calendars, messages in Slack and Microsoft Teams, and call recordings and transcripts from Zoom, as well as customer support tickets and product usage data, to build a picture of customer accounts and prospects. It then applies natural language parsing, sentiment analysis and proprietary indexing on spoken and written keywords, to help companies to forecast more accurately and also receive early warning signs of deals and account churn.

Customers include online community and survey tech provider Toluna, whose SVP and Head of Sales, Marco Pasqualina, says BoostUp.ai provides a complete picture of accounts, opportunities, and associated contacts across the entire customer lifecycle.

The new funding round has been led by Canaan Partners, with participation from Emergent Ventures, BGV, MFV Partners and Correlation Ventures, as well as executives from Okta, Marketo, New Relic, Google and Palo Alto Networks. Sharad Verma (pictured), co-founder and CEO of BoostUp.ai, comments: 'We've built the first platform purpose-built for hybrid and remote workforces that allows every person responsible for revenue - from sales, marketing and customer success - to get real-time insights and collaborate on a single platform'.

Web site: www.boostup.ai .

All articles 2006-23 written and edited by Mel Crowther and/or Nick Thomas, 2024- by Nick Thomas, unless otherwise stated.