Gong Raises $200 Million At $2.2 Billion Valuation

Gong Raises $200 Million At $2.2 Billion Valuation

by NeoTech Post

Gong, a revenue intelligence platform leveraging artificial intelligence to transform revenue teams, raised $200 million at a $2.2 billion valuation. The new investment follows Gong’s $65 million Series C funding announced in December 2019.

Coatue led the Series D funding with participation from Index Ventures, Salesforce Ventures, Thrive Capital, Battery Ventures, NextWorld Capital, Norwest Venture Partners, Sequoia Capital, and Wing Venture Capital.

Including the latest funding round, Gong has raised $334 million to date. Gong will use the new funding to fulfill strong market demand for its Revenue Intelligence Platform and invest in its product, engineering, and go-to-market teams.

The patented Gong Revenue Intelligence Platform captures and understands every customer interaction, then delivers insights at scale, empowering revenue teams to make decisions based on data instead of opinions. The company’s clients include Zillow, Slack, PayPal, Twilio, Autodesk, Shopify, Hubspot, SproutSocial, Zoominfo, Outreach, MuleSoft, and LinkedIn.

“We made a bold prediction in 2016 that Gong’s technology would become the most significant innovation for sales since the invention of CRM,” said Gong CEO and Co-founder, Amit Bendov. 

“The market has proven that prediction was correct. With global sales teams switching to remote work and field sales teams grounded for the foreseeable future, we are seeing substantial demand for Gong’s solution even in a challenging business environment. There is a new way to win in sales and the best sales teams are turning to Gong’s Revenue Intelligence Platform to guide them down that path.”

Image by aroblesgalit from Pixabay