Arlington, Virginia-based conversation intelligence platform company ExecVision has announced that it has raised $5.4 million in growth investment from Edison Partners and existing investors. This round of funding will be used for fueling continued traction with midsized and enterprise sales and contact centers. Kelly Ford Buckley, a partner at Edison Partners, is joining ExecVision’s board of directors.
In every customer conversation, ExecVision brings visibility and accountability. This is done by ingesting the big data of sales and service calls, applying artificial intelligence for identifying where attention is needed, and automating proven coaching methods for driving last rep behavior change.
As a result, ExecVision’s customers have reported a lift in rep productivity and conversion rates above 35%, pipeline growth by nearly 150%, sales reduction up to 25%, and decreased new rep ramp time by 33%.
“Our focus on driving rep development and behavior change has been accepted and validated by our customers, and has allowed us to outperform less capital-efficient competitors during these critical early innings of the conversation intelligence category,” said ExecVision CEO David Stillman in a statement.
ExecVision has processed about 8 million calls to date and saw 2x revenue growth every year since it was founded in 2015. Now the platform is being used for powering the performance of more than 4,000 users across 140 companies such as Aruba Networks, OnDeck Capital, SoftwareAG, ServiceTitan, and Workday.
“ExecVision’s performance-driven approach to conversation intelligence is category-defining, as evidenced by the company’s success signing six-figure contracts with leading brands,” added Buckley. “And unlike too many players in the emerging sales tech stack, ExecVision has built their business first, delighting customers and capital efficiently figuring out a growth formula. We’re delighted to partner with David Stillman and team to scale up that growth and build sustainable category leadership.”