Salesken, a sales conversation ai startup has raised $22 Million in a series B round of funding, led by M12, Microsoft’s Venture Fund. The existing investor Sequoia India also participated in this round. Salesken will be using the funds to accelerate expansion into the North American market and invest further into their proprietary deep tech product.
With a category creating in call live sales intelligence platform, Salesken improves the revenue per rep by developing insights on gaps in their sales calls and bridging the gap with real time cues to the sales reps. Salesken’s co-founders Surga Thilakan and Sreeraman Vaidyanathan spent over 10 years training over 20,000 sales reps and combined their deep domain expertise of sales coaching with cutting edge engineering and data science to build a product that has seen rapid global adoption over the past 2 years.
Surga Thilakan, Co-Founder and CEO, Salesken, said, “With the increasing advent of remote selling across industries, conversation ai tools that provide visibility and insights to sales leaders have become a must have in the sales stack. Salesken is addressing a critical need down the line of making the insights actionable with sales reps, that translate into higher rep productivity. As remote selling has now become more mainstream, we see Salesken reduce onboarding time by 2-3 months, through live assistance to sales reps from day zero. Salesken has dramatic outcomes on sales conversions, improving top-line by 20-25% within a few months of use. This RoI impact has seen us grow by over 300% in the last year. We are looking forward to keep up the pace of our growth and continue to hire the best quality talent to help us in our journey of building a world class product.”
Abhi Kumar, Partner at M12, who will be the new member of the board at Salesken said, “Mapping customer personas to relevant products, reading customer emotions and delivering relevant playbook-aligned responses is a persistent challenge for inside sales teams. These challenges persist despite existing efforts to improve sales outcomes through training, pre-call preparation and post-call analytics. SalesKen is defining the massive category for ‘In-Call Sales Intelligence’; it delivers immediate impact, improving conversions across sales organizations by 15-25% within 60 days of go-live. We are super excited to partner with SalesKen in helping them serve their global customer base.”
Shailesh Lakhani, Partner at Sequoia Capital said, “Salesken has made great progress since their Series A by showing tangible results to customers in the US and India. The market they operate in is growing rapidly and Salesken’s product is rapidly iterating to serve a multitude of sales team requirements. Sequoia India is delighted to continue to support Surga and team Salesken.”
Categories: Venture Capital