RevSure.AI, an emerging AI startup specialising in sales and marketing, has successfully raised $10 million (Rs 82.5 crore) in a seed funding round. Leading the investment were Neotribe Ventures and Innovation Endeavours, with Operator Collective and Correlation Ventures also participating.
The recently acquired funds will be allocated towards crucial areas such as product development, talent acquisition, and expanding the customer base.
RevSure.AI, founded by Deepinder Singh Dhingra in 2021, offers valuable insights to B2B enterprises regarding pipeline generation health and the optimization of marketing investments. Its innovative platform assists B2B SaaS companies in reducing revenue growth uncertainties by providing Sales Pipeline Readiness, empowering marketing, revenue, sales, and leadership teams to forecast, generate, and accelerate their pipelines. Notably, Zeotap, BigID, and SnapLogic are among the prominent clients benefiting from the services provided by RevSure.AI.
Deepinder Singh Dhingra, Founder of RevSure.AI, emphasized the significance of pipeline health in driving predictable and profitable revenue growth. He stated, “Adding AI-based predictive insights into pipeline effectiveness and health will allow companies to focus on predictability for outcomes, acceleration to revenue, and effectiveness or quality and efficiency.”
The rise of AI-based startups has been a notable trend in various industries, including finance, healthcare, and data analysis. The recent news of Microsoft’s remarkable $10 billion investment in OpenAI, the creator of ChatGPT, further intensified the AI revolution.
In a similar vein, Course5 Intelligence, a Mumbai-based data analytics and AI startup, secured $28 million from 360 ONE Asset Management, and Jarvis, an AI-driven investment platform based in Mumbai, raised undisclosed funding from Bestvantage Investments and Hem Securities Ltd. These developments signify the growing interest and investments in AI technologies.
In September of last year, Sigmoid, a data analytics startup, raised $12 million in a Series B funding round led by Sequoia India. The funding aimed to drive market growth, expand delivery centers, and target newer industry segments.