Salesken confirmed that it has raised $22 million in a new funding round
The funds will be used to accelerate salesken’s entry into the North American market
Sales conversion Artificial intelligence startup Salesken confirmed that it has secured $22 million in a Series B round of investment led by M12, Microsoft’s Venture Fund. Abhi Kumar, Partner at M12, will join Salesken’s board of directors. Existing investor Sequoia India also joined in the recent round of funding.
According to an official release, the funds will be allocated to boost Salesken’s entry into the North American market and to invest further in their own deep tech product. Salesken was launched in 2020 and claims to increase revenue per sales rep by creating insights into gaps in sales calls and filling the gap with real-time cues to sales reps. Surga Thilakan and Sreeraman Vaidyanathan, Salesken’s co-founders, have spent over ten years training over 20,000 sales representatives.
“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,” noted Surga Thilakan, Co-Founder and CEO, Salesken.
She claims that Salesken is addressing a vital need in the future by making insights actionable with sales representatives, which translates into greater rep productivity. “As remote selling becomes more common, we see Salesken cut onboarding time by 2-3 months by providing live assistance to sales professionals from day one,” she said.
“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,” said Abhi Kumar who will soon join the Salesken board.
“Salesken has made great progress since their Series A by showing tangible results to customers in the US and India, ” said Shailesh Lakhani, Partner at Sequoia Capital. “Sequoia India is delighted to continue to support Surga and team Salesken,” Lakhani added.
The company is based in Bengaluru and has operations in Delaware, USA. The market in which they operate is quickly expanding, and Salesken’s product is fast iterating to meet the needs of a wide range of sales teams.