Home Insight FUNDING ALERT - Newly Funded Startups 2024 AI Startup SiftHub Secures $5.5M Seed Funding Led by Matrix Partners...

[Funding alert] AI Startup SiftHub Secures $5.5M Seed Funding Led by Matrix Partners India & Blume Ventures

[Funding alert] AI Startup SiftHub Secures $5.5M Seed Funding Led by Matrix Partners India & Blume Ventures
[Funding alert] AI Startup SiftHub Secures $5.5M Seed Funding Led by Matrix Partners India & Blume Ventures
SiftHub, a platform for corporate sales teams powered by AI, announced on Wednesday that it had raised $5.5 million in a seed round of funding headed by Blume Ventures and Matrix Partners India.
Team SiftHub

SiftHub, a platform for corporate sales teams powered by AI, announced on Wednesday that it had raised $5.5 million in a seed round of funding headed by Blume Ventures and Matrix Partners India.

Neon Fund, a business-to-business (B2B) SaaS venture capital firm, took part in the round as well. Angel investors included former Cloudfare general manager Manish Jindal, Superhuman head of sales Andrew Johnston, SuperOps AI founder Arvind Parthiban, and Razorpay founders Harshil Mathur and Shashank Kumar.

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“After speaking to 200+ leaders, it dawned on me that it’s completely unreasonable to expect sales and presales professionals to memorize all the ins and outs of the product in order to be able to respond to clients with complex technical details. Trying to find up-to-date accurate information when it is scattered across Slack, Gmail, Drive, HubSpot, Confluence, and more is incredibly difficult. The fact that sales spends only 30% of their time selling cries for a change – and that’s where our platform comes in.” said Manisha Raisinghani, Founder of SiftHub.

SiftHub’s AI platform is changing how sales and presales teams discover up-to-date information and generate accurate responses grounded in company knowledge.

Using RAG technology and fine-tuned LLMs with industry-specific knowledge training, SiftHub allows users to generate personalized responses with zero hallucinations.

About SiftHub

SiftHub tackles the challenge of scattered information hindering sales by acting as a central hub that gathers data from various applications. It uses AI to find relevant information quickly and even automate draft responses, allowing sales teams to respond to inquiries faster, close deals quicker, and ultimately win more business.pen_sparktunesharemore_vert

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