SalesWhale, a Singapore-based artificial intelligence (AI) sales assistant startup has closed a USD 5.3 million Series A financing round led by Monk’s Hill Ventures. Y Combinator, GREE Ventures, and Wavemaker Partners were the other existing backers that also participated in this latest fundraising.
The startup was one of the few Southeast Asian companies that graduated from the Y Combinator (YC) 2016 summer cohort. YC is a renowned startup accelerator in the US that has birthed companies like AirBnB and Dropbox.
SalesWhale plans to use the fresh funds to expand its team and service offerings, looking to add new features such as Salesforce integration and enterprise workflows to better serve enterprise clients.
Founded in 2015, SalesWhale utilizes AI to automate the lead engagement and qualification processes in an enterprise sales cycle. It does some preliminary work which makes it easier for the sales & marketing team to take qualified leads forward. This ensures more efficiency at scale.
The startup has also moved from just serving small startups to bigger enterprises. Some examples of the larger clients include Randstad, General Assembly, and Unit4.
“We believe that AI assistants will become ubiquitous in the near future for global enterprises, as C-suites recognize that automation is essential to scaling,” added SalesWhale CEO and co-founder Gabriel Lim in the company’s press statement.
Editor: Nadine Freischlad