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Xfactor.io raised $16M in a Series A funding led by Accel and CEO Mike Carpenter to enhance its AI capabilities for revenue optimization.

Apr 19, 2024•over 1 year ago

Amount Raised

$16 Million

Bay AreaSoftwareSaasArtificial Intelligence

Investors

LightspeedMike CarpenterAccel

Description

Xfactor.io, a San Francisco, CA-based provider of a comprehensive AI-powered revenue platform, raised $16M in Series A funding led by Accel and Xfactor.io CEO and Founder Mike Carpenter, with participation from Lightspeed and others. The company intends to use the funds to further enhance its product and prioritize the enhancement of its AI capabilities to empower revenue leaders in optimizing the planning and performance across their entire go-to-market team.

Company Information

Company

XFactor.io

Location

Bay Area, California, United States

About

Automate Go-to-Market strategies with Xfactor.io, streamlining the unification of sales, marketing, and ops teams. One platform, dedicated to fostering informed decision-making, empowering teams to plan with precision, execute with value, and make real-time, intelligent choices to accelerate pipeline, increase average deal size & win more deals.

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Funding Insights

Based on industry data
VC-backed spending patterns
VC-backed companies spend 89% more on sales and 100% more on marketing than bootstrapped peers
Tech investment trends
83% of B2B companies plan digital investments, with 79% prioritizing customer experience tech