Angel Investments
Sales enablement platform ApplicateAI raises $2-M
Bengaluru-based sales enablement and business-to-business (B2B) platform ApplicateAI has raised USD 2 million from angel investors led by Sandeep Singhal, senior advisor at Nexus Venture Partners. Other angel investors including Javed Tapia, MD, Clover Infotech (former founding CEO and director of Red Hat); Deb Deep Sengupta (former president and managing director, SAP India and South Asia); Suhail Sameer (CEO, BharatPe); Rishi Vasudev (founder, G.O.A.T Brand Labs), and Prashant Kumar (Founder, Entropia), also participated. The company will use the capital to strengthen its technology and business development team to fast-track growth and scale-up in international markets. Founded in 2014 as a sales-tech provider, the company pivoted to an integrated AI-powered sales enablement platform in 2017. It has 275,000 users across more than 16 countries including Spain, Belgium, Italy and Mexico. Its product, AI Supervisor, supervises, assists and coaches salespeople and channel partners simultaneously. It is also in talks with venture capital funds to raise $30 million in its Series A round.
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