B2B Data platform, BoostUp.ai secured $6.25 Million in Funding

BoostUp.ai, a California based provider of a B2B data platform, has now secured $6.25 million in funding.

BoostUp.ai is founded by Sharad Verma, Amit Sasturkar, and Neel Kamal in the year 2009. It provides with an AI-driven platform to unify data from sales, customer success, and marketing o predict revenue and optimize customer lifetime value for the B2B companies.

The company's client base includes the Toluna, DealPath, Iterable, GrandRounds, and PerimeterX, among others.

Joydeep Bhattacharya, general partner at Canaan, said, "BoostUp.ai is a best-in-class revenue intelligence platform with the potential to lead this growing category. Self-reporting of data by reps makes it incredibly difficult to accurately assess deal and account status, no matter the industry. So almost always, quarters end with a positive or a negative surprise. As teams move to more remote and hybrid settings, with more communication happening exclusively via digital channels, the ability to use that data to more accurately forecast business performance will become table stakes for all companies."

Sharad Verma, co-founder, and CEO of BoostUp.ai, said, "Work now happens on apps like Slack, Microsoft Teams, Asana and Zoom. We’ve moved away from manual systems like CRM that rely on human data, particularly when it comes to things as important as revenue operations. We’ve built the first platform purpose-built for hybrid and remote workforces that allows every person responsible for revenue – from sales, marketing and customer success – to get real-time insights and collaborate on a single platform."

The round was backed by the Canaan Partners.

Some of the investors who participated include the BGV, Correlation Ventures, Emergent Ventures, MFV Partners as well as executives from the Marketo, Okta, Google, New Relic, and Palo Alto Networks.

The company intends to use the new funds for the continued development of its platform and expand its operations.