Xfactor.io, an AI-based revenue platform, announced a $16 million Series A round co-led by Accel and XFactor.io CEO and founder Mike Carpenter, with participation from Lightspeed and others. Formerly, Carpenter was the President of Global Sales and Field Operations at CrowdStrike, responsible for significant business growth leading to its IPO in 2019. With a career spanning 25 years at McAfee, helping lead its acquisition by Intel, Tanium, and CrowdStrike, Carpenter is an expert in the field.
Xfactor.io continues to address the challenges that Chief Revenue Officers (CROs) face by offering a platform that unifies sales, marketing, and operations teams. With Xfactor.io, revenue leaders can plan precisely, execute with value, and make real-time, intelligent decisions that accelerate pipeline, increase deal size, and improve win rates.
The funding round will significantly advance Xfactor.io’s product, advancing its AI capabilities to empower revenue leaders to optimize planning and performance across their entire go-to-market team.
KEY QUOTES:
“CROs almost always face inefficiencies and blind spots with traditional decision-making processes. Xfactor’s AI gives them a breadth of insights without compromising accuracy so that CROs can make informed, predictive choices with clarity. We look forward to partnering with Mike Carpenter and the rest of the team.”
- Sameer Gandhi, Partner at Accel
“My commitment has always been to address the unmet needs of revenue leaders. We are dedicated to empowering revenue leaders with the tools to drive more intelligent go-to-market decisions, mitigate risks, and achieve ambitious growth targets. With this investment, we aim to automate go-to-market strategies that unify sales, marketing, and ops teams in real-time, enabling informed decisions and making investments go further for B2B organizations.”
- Mike Carpenter, CEO of Xfactor.io
