Pitchit, a San Francisco, CA-based AI-powered lead qualification platform provider, has emerged from stealth and raised $2.5 million in seed funding.
Investors
The round was led by Silicon Road Ventures and joined by Gray Ventures, Plug and Play, and Alchemist Accelerator.
Founded in 2019 and based in Atlanta, Silicon Road Ventures' mission is to build a community and accelerate innovation taking place across the commerce tech category. They invest in startups all over the US ranging from seed to series A driving innovation across e-commerce, retail, and CPG.
Pitchit Use of Funds
The company will use the funding to expand its AI capabilities, including more sophisticated text and voice recognition features, and enhance its integration ecosystem.
About Pitchit
Pitchit specializes in Lead Qualification as a Service (LQaaS), leveraging advanced artificial intelligence to streamline and automate the lead qualification process. Its platform automates tasks such as quoting prices, booking meetings, managing objections, and capturing personally identifiable information (PII) within the first 24 hours of lead interaction. Integrating with over 7,000 channels, including social media, CRM systems, email, and SMS, Pitchit has qualified 531,000+ leads, saved 4,400+ labor hours, and booked 4,000+ meetings.
Funding Details
Company: Pitchit, Inc.
Raised: $2.5M
Round: Seed Round
Funding Month: July 2024
Lead Investors: Silicon Road Ventures
Additional Investors: Gray Ventures, Plug and Play, Alchemist Accelerator
Company Website: https://www.pitchit.ai/
Software Category: AI Lead Qualification
Source: https://www.accesswire.com/891900/pitchit-raises-25-million-in-seed-funding-introduces-ai-platform-that-instantly-qualifies-inbound-leads-from-every-channel-labor-free