Kluster, a London, UK-based company that provides companies with revenue strategy AI platforms that help them beat their revenue targets, raised $5 million in Series A funding.
The round was led by Foresight Group, with participation from SuperSeed, and strategic angels such as James Isilay, CEO of Cognism.
With the new funding, Kluster will be able to expand its go-to-market team and fund product development. In 2023 and 2024, the company intends to expand into the American market and hire executives.
Dan Thompson, co-founder & CEO of Kluster, said, “It has never been more important to plan and execute revenue strategy than it is today. With the recent VC bubble, the metrics that mattered went from growth, burn, and margins to growth, growth, and growth. The bubble burst, and companies have now rediscovered the importance of rigorous planning, robust strategy, and comprehensive revenue reporting. Which is why I am delighted to partner with Foresight and deepen our relationship with SuperSeed, to bring our solution to this problem to the global market.”
Kluster monitors performance, revises the forecast, and course-corrects the plan. Based on activity across the sales team, Kluster’s platform provides a real-time business performance forecast.
Company: Kluster Enterprises Limited
Raised: $5.0M
Round: Series A
Funding Month: April 2023
Lead Investors: Foresight Group
Additional Investors: James Isilay
Company Website: https://www.kluster.com/
Software Category: Revenue Management Software
About the Company: Founded in 2016 by Dan Thompson and Rory Brown, Kluster is a revenue operations platform that helps B2B sales organizations drive predictable revenue growth. Its platform empowers sales teams to make data-driven decisions with real-time insights, AI-powered forecasting, and customizable reporting. The company’s mission is to make revenue operations smarter, simpler, and more effective for every business.
Source: https://techfundingnews.com/london-startup-that-uses-ai-to-help-sales-teams-meet-targets-raises-5m/