Gong Raises $65M in Series C Funding To Fuel Product, Team Growth
- Written by Brian Faussette
- Published in Financial News
Gong, a revenue intelligence platform, has raised $65 million in a Series C round led by Sequoia Capital, with participation from Battery Ventures, Norwest Venture Partners, Wing Venture Capital, NextWorld Capital, Cisco Investments and Shlomo Kramer. With the total funding raised to $134 million, Gong will use the new capital to fulfill the market demand for its Revenue Intelligence Platform, investing in the company’s product, engineering and go-to-market teams. Sequoia partner Carl Eschenbach has joined Gong’s Board of Directors.
Founded four years ago by Amit Bendov, CEO, and Eilon Reshef, CTO, Gong provides revenue intelligence solutions to help users understand customer interactions and delivers actionable insights to revenue leaders. Since its Series B funding in February 2019, Gong has expanded its customer base across all market segments to over 700 companies, including Autodesk, GE, Hubspot and LinkedIn.
“Revenue intelligence is a perfect example of how advancements in AI are making a huge impact,” Bendov said in a statement detailing the announcement. “We’re thrilled to continue fulfilling the strong market pull for our Revenue Intelligence Platform and help more and more revenue teams find success by saying goodbye opinions, hello reality.”