Stay updated on the latest news on SaaS: EliseAI secures $75 million in Series D funding; trumpet raises $6.35 million in seed funding.
Latest SaaS Funding News
EliseAI Raises $75 Million in Series D Funding
Conversational AI platform EliseAI has secured $75 million in Series D funding at a valuation in excess of $1 billion led by Sapphire Ventures. EliseAI will use the funds to quickly grow its team, invest in product innovation, and build strong industry partnerships to work effectively with other products and systems.
Encord Secures $30 Million in Series B Funding
Encord, a data development platform, has raised $30 million in Series B funding to advance the future of multimodal AI data development led by Next47. The company intends to use the additional investment to accelerate its product roadmap, enabling the company to offer even greater support to both existing and new users.
Clearly Closes $4.3 Million in Seed Funding
Clearly, a climate intelligence platform, has closed a $4.3 million seed round led by Pace Ventures and Nine Realms. The investment will be used to improve the company’s current products and expand its AI features. Clearly will also grow its team to meet the increasing global demand for its product.
trumpet Secures $6.35 Million in Seed Funding
Sales enablement platform trumpet has secured $6.35 million in a seed funding round led by AlbionVC. The new funding will enable Trumpet to add artificial intelligence to its platform and expand in the US.
Voiceline Raises $2.65 Million in Seed Funding
Voiceline, a voice messaging platform, has secured €2.4 million (~ $2.65 million ) in seed funding co-led by Venture Stars and SCALEHOUSE Capital, bringing its total funding to €4.2 million (~4.63 million). The company plans to use the funds to improve UX, explore new use cases, and grow its customer base.
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How to Deliver Exceptional Customer Support at Scale
Natalie Margolin, VP of Customer Experience at monday.com, discusses her journey and the strategies she employed to elevate customer experience in a fast-growing company.
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The State Of SaaS
In 2023, SaaS businesses grew more slowly, with lower revenue and higher churn rates due to post-pandemic changes and rising costs. However, Q1 2024 data from Paddle shows a positive shift, with growth picking up and churn rates dropping as companies adjust to the new market conditions.
