Penny AI is a sales workflow and coaching platform that offers an AI-powered sales workflow automation and coaching assistant focusing on social commerce purpose-built for global enterprises. Its solution includes 1) automated workflows, content management, scalable sales processes, and insights for individuals; 2) training and coaching, sharing best practices, duplicating sales processes, and forecasting tools designed for sales leaders; and 3) social sales enablement, onboarding and ongoing learning programs, centralized data on a single interface, change management, and analytics for corporate teams. As of June 2022, the platform had served more than 100,000 consultants across 60 countries in 25 languages.
In November 2022, the platform also unveiled "Learning Solutions," a brand-new learning and onboarding solution that claimed to be the first in the industry to integrate microlearning into a social sales enablement platform. Moreover, the platform claimed to have employed one of the highest percentages of women engineers in all of Canada at 54%, whereas the industry average is below 30%.
Funding and financials
In June 2022, the company raised USD 27 million in a Series B funding round led by PSG. It planned to use the funds for product development, mainly focusing on sales enablement.
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