ApplicateAI set to raise $30M in Series A funding
ApplicateAI recently announced that it is in the ‘advanced stage’ of raising $30 million in Series A funding. The aforementioned raise is set to bring the company’s valuation to $160 million.
The AI-based sales enabler and B2B platform had recently raised $2 million in Pre-series A funding from a myriad of investors including Sandeep Singhal (Nexus Ventures), Avana Capital, Javed Tapia (Clover Infotech), Deb Deep Sengupta (SAP), Suhail Sameer (BharatPe), and Prashant Kumar (Entropia), among others.
The SaaS platform offers a series of AI-powered services to its clients including AI Sales Bot,AI HR Bot, AI Marketing Bot, modern retail execution application, Sales Team productivity application, and distributor application, among others.
“Having achieved our target milestones of revenue and cashflow, we planned to raise capital from people with credible expertise and experience in scaling a global SaaS platform, who can help us fast-track our growth as investors and mentors,” commented CEO and co-founder of ApplicateAI, Ranjeet Kumar.
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