BoostUp.ai, a sales intelligence platform, offers a proprietary forecasting tool to predict revenue growth for sales teams. The platform features quarterly forecasts based on deal insights powered by sales activities (email, call, etc.), sales process alignment and pipeline management, and deal risk analytics and “next-best actions” for sales managers. It also analyzes sales rep performance, allowing managers to identify the need for coaching. As of March 2022, the platform had served 50+ customers including Cloudflare, Udemy, Teradata, Workato, Degreed, and Iterable.
The firm’s edge is in its “flexible forecasting tools,” which include 1) custom forecasts; 2) custom metrics, KPIs, or business types; 3) live roll-ups; and 4) multivariable forecasting. The company claimed that its forecasting tools have a 95% accuracy rate and its overall solution delivers a faster ROI and implementation rate of 40% and 66%, respectively.
In March 2022, the company raised USD 28.5 million in a Series B funding round led by NGP Capital, followed by its USD 22 million Series A funding round in April 2021. The company intended to use these funds to execute its roadmap for 2022. It also reported an annual recurring revenue (ARR) growth of 3x in FY2021, while its headcount increased to ~100.
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