We are discussing Revenue Automation Startup MeetRecord Secured $2.7 Million in its Pre-Series A Funding Round Led by SWC Global:
MeetRecord is a revenue automation startup that has secured $2.7 million in its pre-series A funding round. This funding round included the firm’s existing investors, including All In Capital. This Bengaluru-based startup will use these fresh proceeds to scale up operations and empower its revenue and sales team. The company uses Artificial Intelligence tools to increase its sales and customer engagement.
This startup offers a B2B-based SaaS platform that offers services using Artificial Intelligence to analyze conversation data from various communication channels, including calls and emails. These data insights help the startup offer coaching programs to sales teams for better sales and implement the automated call scoring system, which helps improve efficiency. The CEO and co-founder of MeetRecord, Snehal Nimje, told ET that the company is focusing on service businesses, so all automation services and AI-related coaching are tailored to meet customers’ expectations and offer a better experience. The business model of this startup focuses on the services sector.
This Bengaluru startup previously received $310,000 from All In Capital and Powerhouse Ventures. The company claims to have served over 36 clients, including companies in the United States and Europe. MeetRecord’s biggest investors include Gym Launch and the Law firm Top Dog Law. Snehal Nimje highlighted that the platform follows the General Data Protection Regulation and Service Organisation Control-2 standards that ensure the security of conversation data used to train the sales team.
The company reported its annual recurring revenue of 250,000 USD and expects to achieve an annual recurring revenue of $1 million by FY24. The founding partner of SWC Global, Tuck Lye Koh, showed his trust in the startup’s business model and highlighted that the conversation intelligence market is growing rapidly, with the companies focusing on enhancing their sales efficiency. MeetRecord focuses on revenue automation and develops new product solutions to offer significant value.
Conclusion
Revenue automation startup MeetRecord secured 2.7 million USD in its pre-series A round. This funding round had participation from various new and existing investors, including All In Capital, and was led by SWC Global. The startup plans to use this funding to expand its network, scale its team, and empower its revenue. This Bengaluru startup uses artificial intelligence tools to increase its sales and improve customer engagement. MeetRecord offers services using Artificial Intelligence to analyze conversation data from various communication channels, including calls and emails.
These data insights help the startup offer coaching programs to sales teams for better sales and to implement the automated call scoring system which helps in improving efficiency. The company claims to have served over 36 clients, including 80 percent of companies in the United States and 20 percent in Europe. The platform follows the General Data Protection Regulation and Service Organisation Control-2 standards that ensure the security of conversation data used to train the sales team.
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