Funding

• RevSure.AI announced an expansion of its seed funding to USD 10 million, with an additional USD 6 million round led by Neotribe Ventures and Innovation Endeavors, to deepen investments in product, engineering, and AI technology, scale customer acquisition, and enhance the company's go-to-market strategy. (June 07, 2023; Press release)

• Meetingflow (formerly Panda.AI) raised USD 760,000 in funding from existing investors PSL Ventures, AI2 Incubator, and Ascend to expand its software platform targeting sales and customer service teams. (June 15, 2023; Press release)

• Leap raised USD 15 million in a funding round led by existing investors BAM Elevate and Costanoa Ventures to support the company's growth with existing and new brands, enhance platform capabilities, and expedite the path to profitability. It also reported that its network size and revenue has doubled since its Series B financing round. (June 21, 2023; Press release) 

• 6sense secured USD 100 million in new debt financing from Silicon Valley Bank (SVB), providing favorable terms and supporting its growth strategy, which combines organic and acquisitive approaches. This financing comes after impressive FY2023 results, including 70% overall revenue growth and successful customer acquisition and retention rates. (June 22, 2023; Press release)

M&As

• Atrium acquired a majority interest in Gibbs Hybrid, a UK-based IT and business services solution provider, to expand its global presence by establishing a London headquarters and offices in Ireland, Poland, and Luxembourg. (June 06, 2023; FinSMEs)

• DealHub.io acquired Subzee, a billing platform specializing in managing usage and recurring pricing models, to expand its CPQ (configure, price, quote) offering on a complete quote-to-revenue platform. (June 27, 2023; Press release) 

New product/service launch

• 6sense introduced AI Writer, a new feature within 6sense Conversational Email that adds GPT-4 generative AI model capabilities aimed at improving the effectiveness of email outreach and marketing. (June 06, 2023; Press release)

• Gong launched Gong Engage, a sales engagement solution powered by AI models trained on real customer interactions to help sales teams personalize customer engagement efforts and accelerate pipeline growth. (June 08, 2023; Press release) 

• Allego unveiled GO, a revenue enablement platform that brings together sales, enablement, and marketing teams to enhance customer experiences and drive faster sales cycles and increased revenue. (June 13, 2023; Press release) 

• Botco.ai launched the GenAI Chat Cloud, a suite of generative AI products that leverage large language models and enterprise data to provide fast and accurate answers to user queries, transforming sales, marketing, and customer relationships. (June 23, 2023; Press release)

Partnerships

• Conversica expanded its partnership with Salesforce, integrating its generative AI-driven conversational platform with Salesforce Marketing Cloud to enable active engagement and personalized dialogue with leads and customers through email and SMS. (June 08, 2023; Demand Gen Report)

Industry news

• ZoomInfo announced the layoff of ~120 employees, or ~3% of its workforce, in a move to flatten its structure and enable more agile decision-making and execution. (June 14, 2023; The Columbian)