Alma Bax 
BoostUp.ai, an artificial intelligence (AI) platform allowing CFOs to gain greater efficiency in their revenue operations, recently secured £6.5 million in Series A funding. This is the first round of outside investors since the company launched mid-2019 and greatly boosts its plans for continued expansion.
The platform helps CFOs to gain efficiency in their revenue operations by optimising business decision making and delivering cost savings through automation and benchmarking against peers. In addition, BoostUp’s AI directs financial teams toward customer retention rather than customer acquisition, enabling them to apply the same money-saving principles used by retail giants and other large enterprises to smaller enterprises with limited budget constraints. This model allows small companies to benefit from sophisticated forecasting without investing huge amounts on engineering teams or infrastructure.
The company has previously closed two pre-seed rounds of funding totaling $1.8 million from eight corporate and private investors – including Obvious Ventures, Tribal VC and London accelerator Entrepreneur First – but this Series A round marks a major milestone for Boost Up as they continue their journey towards mainstream adoption of artificial intelligence (AI) technology within finance departments across all sectors.
This new funding will be used primarily for product development, continuing innovation around the use of AI tools in the field of finance operations, along with strategic investments into key partnerships that can help extend Boost Up’s reach into more financial markets year after year.
BoostUp.ai Overview
BoostUp.ai is an AI-driven platform designed to automate and optimise the revenue operations of businesses and organisations. By leveraging predictive analytics and machine learning, BoostUp.ai enables users to accurately predict customer life cycle events such as purchase behaviour, churn risk, customer segmentation, customer journey optimization, and lifetime customer value evaluation. Moreover, it includes instrumentation for augmented customer conversation AI management, enabling businesses to leverage services from leading customer communication providers such as Vocalcom and Datalinx.
The platform recently secured a seed round investment for up to $4 million from prominent investors including Intellisys Fund Management (IFM), which further expanded its engineering team committed to researching and developing the platform’s capabilities. The new funding will also be directed towards strategic partnerships with key industry players like Salesforce to strengthen the presence of BoostUp’s performance management solutions in their respective ecosystems.
In addition to enhancing its underlying functionalities, BoostUp also provides customers access to its proprietary AI/ML engine that allows them to personalise product recommendations along with providing marketing campaign intelligence based on user interactions within different revenue verticals across multiple touchpoints such as email or website visitations. This helps organisations target potential customers with accurate recommendations while building customised conversations tailored to their preferences.
BoostUp.ai raises $29M to better support revenue operations
BoostUp.ai has recently announced a new $29M funding round. This new funding is expected to help the company better support its revenue operations and improve its product offerings.
This new capital injection is noteworthy, as it will enable the company to expand its capabilities and strengthen its presence in the market.
Let’s take a closer look at the details of this funding.
Investors involved
BoostUp.ai, a San Francisco-based startup that helps organisations manage and monitor their revenue operations, recently announced it had closed its Series A funding round. The investment is valued at $13 million.
The Series A round was co-led by Sama Capital and Uncork Capital with participation from Foundation Capital, Western Technology Investment, Harpoon Ventures, Wildcat Ventures, and several other investors.
The funds will help BoostUp.ai accelerate its product development initiatives for existing customers and expand into new markets by onboarding new customers. It will also be used to hire engineering talent and double the size of the marketing team over the next 12 months.
In addition to this investment round, BoostUp.ai plans to raise additional funds shortly to pursue its ambitious vision for revenue operations and hyper automation technology.
How will the funding be used
BoostUp.ai is proud to announce that we have secured a new Series A investment which will help fuel our growth and support our revenue operations. This significant influx of capital, followed by two rounds of seed funding, represent critical milestones in our journey towards becoming an industry leader.
The fresh funds will be used to build out our product, bolster our marketing and sales engine, expand operations into new markets, and meet the ever-increasing demand for Automation-as-a-Service solutions from companies across the globe. In addition to bolstering the company’s operational capacity and performance capabilities — allowing us to bid on larger projects — the money will be used for investments in R&D areas such as data science, AI applications development and advanced analytics initiatives.
Thanks to this investment, we can now afford to increase staffing for client onboarding activities, provide business consulting services to meet customer needs faster with fewer resources, invest in developing alternative products and services from existing ones, and create new revenue sources from mobile apps etc. The fresh funding also allows us to commit more resources towards enhancing product features and capabilities; this should help customers benefit more quickly from automated billing activities and financial modelling initiatives associated with revenue operations management.
Overall this is an exciting opportunity for BoostUp.ai that will enable us to keep up with the global trends driving automation solutions forward while also amplifying our short term objectives which are focused around expanding market reach as well providing better user experiences through enhanced product offerings leveraging game-changing technologies such as machine learning and artificial intelligence.
Benefits of the Funding
BoostUp.ai has secured $29M in a recent funding round, which will be used to better support revenue operations. This funding will not just help the company grow its R&D capabilities, but it will also be instrumental in its efforts to help customers produce better and more accurate revenue forecasts.
This funding will open up many opportunities for BoostUp.ai and its customers. Let’s take a closer look at the benefits of this round of funding.
Improved support for revenue operations
BoostUp.ai is pleased to announce its recent funding, enabling it to better support revenue operations. This funding allows investments in technology, process optimization, and personnel hiring.
Technology: Investing in technology can enable BoostUp.ai to provide more features that assist with revenue operations management, such as automated billing and invoicing. Additionally, BoostUp.ai can leverage data and analytics to anticipate customer needs and ensure faster response times when issues arise.
Process optimization: By streamlining the process of revenue operations management, BoostUp.ai can reduce costs and simplify the customer experience with faster reconciliation of payments and quicker issue resolution times. Additionally, investments can be made in automation that reduces manual effort on mundane tasks, allowing resources to focus on higher value activities like customer service or account management.
Personnel hiring: With additional funds support from this investment round, new personnel can be hired for better customer service or sales operations within the company—roles that are highly specialised such as those trained to handle customer concerns efficiently or manage machine learning algorithms for sales forecasting — ensuring enhanced productivity from their engaged team members.
This new funding enables BoostUp.ai to unlock impactful opportunities within its organisation that amplify its ability to deliver sought-after results related to revenue operations performance – which will ultimately improve customer satisfaction while growing their business faster than ever before!
Expanded customer base
The latest funding round of BoostUp.ai, announced in October 2020, will help the company expand its customer base and innovate its product offerings to increase revenue operations capabilities. By expanding the customer base and reaching out to enterprises, education institutions and government organisations alike, this investment is expected to bolster the presence of BoostUp.ai solutions in more industries across the globe.
Furthermore, with the funds raised from this new funding round, BoostUp.ai mentioned that it will focus on innovating its current product offering for improved support for revenue operations, sales effectiveness and process optimization across multiple industries. Some of these objectives have already been achieved with the October 2020 launch of sales automation options that allow users to evaluate multiple aspects of their business operations such as lead conversion tracking, customer segmentation and account management organisation.
Moreover, boosting sales effectiveness will provide customers valuable insights into their day-to-day activities while providing tools they can tailor according to their specific needs or company policies – thus increasing engagement levels with potential customers while maximising current sales processes performance potentials. Furthermore, optimising process flows within any team or organisation improves task allocation metrics making them more efficient – which in turn helps improve satisfaction levels within teams or departments responsible for achieving set goals or quotas in the long run.
In conclusion, BoostUp’s new funding has opened many avenues in which they can utilise their expertise to expand reach worldwide while adding considerable value to existing customers as well new ones –by improving both revenue operations capabilities and sales effectiveness as a whole!
Increased access to data and insights
BoostUp.ai’s new funding will help it better support revenue operations for its customers. This increased access to data and insights will enable businesses to gain rich, insights-driven decisions on their sales performance and marketing strategies. The new capital will also accelerate the development of BoostUp’s data-analytics platform, which provides customers with real-time reports on their sales and marketing performance.
The extra funding provides BoostUp with resources to expand its customer base and develop a broad range of data-driven products for various consumer verticals such as financial services, hospitality, retail, education, government and more. It also allows the company to add key personnel in product innovation, customer success and engineering. Moreover, the new capital allows BoostUp to invest in partnerships with industry leaders working on similar challenges and open opportunities for deeper engagement with existing partners.
In addition to increased access to data and insights, BoostUp’s new funding enables it to extend its services by taking advantage of artificial intelligence (AI) technologies available today such as natural language processing (NLP), predictive analytics or machine learning algorithms that can generate deeper insights from its customer datasets. AI is already beginning to shape many industries today by streamlining complex processes and enabling faster decision making while improving accuracy at a fraction of the cost of traditional methods. This technology can help companies remove bias from key decisions while simultaneously reducing the time associated with gathering data points required for research projects or business operations forecasts.
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