- Sales productivity platform company RevOps announced it has launched with $1.6 million in seed funding
Sales productivity platform company RevOps announced it has launched with $1.6 million in seed funding. This round of funding was led by Gradient Ventures — which is Google’s AI-focused fund. And additional investment was provided by Caffeinated Capital (Raymond Tonsing).
What does RevOps do? RevOps’ automation and collaborative pricing tools help businesses easily configure, price, quote, and sign deals in seconds.
Adam Ballai launched RevOps in 2018 following job experiences at Twilio and Stripe. Those experiences led him to determine that account-based pricing was a key business application missing from software companies.
“RevOps supports better customer relationships by automating time-consuming procedures which frees up businesses to engage thoughtfully with their customers. Our data model is so flexible that it can support subscription to pay-as-you-go usage-based pricing models. We’re thrilled with the support from Gradient as we bring the best platform for pricing intelligence to more customers,” said Ballai.
Ballai had founded RevOps as the first-ever source of truth for pricing — which integrates with all billing platforms, giving product, sales & finance time back to innovate and upsell customers. RevOps is simple and scalable without the rip and replace involved in changing billing platforms.
RevOps is serious about data security and privacy. And it has implemented the latest cloud security technologies to protect customer data.
“Adam has deployed enterprise-grade revenue architecture for multi-billion dollar companies, including Twilio & Stripe, so he understands the market opportunity for a pricing intelligence solution that helps businesses thrive. We’re excited to help RevOps grow and launch their business in 2020,” added Gradient Ventures partner Muzzammil Zaveri (MZ).
Very Good Security co-founder & CEO Mahmoud Abdelkader pointed out that RevOps enabled the company’s sales team to increase prospects by 600% in six months through expanded price offerings and the ability to seamlessly collaborate across product, finance, and sales teams.
