Sybill, a San Francisco, CA-based startup that has built an AI assistant specifically for sales representatives, has raised $11 million in Series A funding, bringing its total raised to $14.5 million.
Investors
The round was led by Greycroft, with participation from existing investors Neotribe Ventures, Powerhouse Ventures, and Uncorrelated Ventures also participated in this round.
Greycroft is a seed-to-growth venture capital firm that partners with entrepreneurs who are striving to build category-defining companies across intelligent consumer and enterprise applications, AI infrastructure, sustainability, and consumer products. Greycroft has raised over $3 billion in capital and has made over 400 investments since inception.
Sybill Use of Funds
The company will use the funding to develop its AI assistant further reps and hire more staff. Sybill has 30 employees and plans to have about 40 staff by the end of this year.
About Sybill
Founded in 2020 by Gorish Aggarwal, Nishit Asnani, Soumyarka Mondal, and Mehak Aggarwal, Sybill has developed an AI assistant specifically designed for sales representatives. Its primary function is to automate and streamline various sales tasks to enhance productivity and efficiency. Its AI assistant automates repetitive and manual tasks involved in sales, such as summarizing sales calls, drafting follow-up emails, and updating CRM systems like Salesforce and HubSpot. It has over 500 paying customer teams across more than 30 countries, with a significant presence in the U.S., Canada, Australia, the U.K., and India.
Funding Details
Company: Sybill, Inc.
Raised: $11.0M
Round: Series A
Funding Month: July 2024
Lead Investors: Greycroft
Additional Investors: Neotribe Ventures, Powerhouse Ventures, Uncorrelated Ventures
Company Website: https://www.sybill.ai/
Software Category: AI Assistant
Source: https://techcrunch.com/2024/07/31/sybill-raises-11m-for-its-ai-assistant-that-helps-salespeople-reduce-administrative-burden/