Highspot uses machine learning to help salespeople land and retain customers by organizing and recommending the types of sales content, such as brochures or case studies, most likely to help them win a deal.
The Seattle-based startup was cofounded by a former Microsoft exec who served as a chief marketing officer under Satya Nadella.
Highspot announced $75 million in funding from existing investors ICONIQ Capital, Madrona Venture Group, OpenView, Salesforce Ventures, and Sapphire Ventures.
The funding follows a $60 million Series D round in June. The company declined to reveal its valuation, but PitchBook estimated it was worth $530 million at the end of its June funding round.
Highspot now has 375 employees and plans to grow to 700 employees by the end of 2020, including aggressively hiring engineering, product management and design roles based in Seattle.
Highspot has focused on providing a platform for salespeople but now, with the latest funding, it plans to expand its services.
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Robert Wahbe left his job at Microsoft in 2012, a couple of years before his boss Satya Nadella would become CEO.
Now the startup that Wahbe left Microsoft to launch has achieved a big milestone …read more
Source:: Businessinsider – Technology