U.S.-Israeli startup Gong raises $65 million, doubling complete funding

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TEL AVIV (Information) – U.S.-Israeli startup Gong stated on Tuesday it has raised $65 million in a funding spherical led by Sequoia Capital, bringing its complete raised to $134 million.

Present buyers Battery Ventures, Norwest Enterprise Companions, Israeli businessman Shlomo Kramer, Wing Enterprise Capital, NextWorld Capital and Cisco Investments additionally participated within the spherical.

Gong makes use of synthetic intelligence to assist companies perceive buyer interactions and gives insights to enhance gross sales, it stated.

The corporate, headquartered in San Francisco, will use the brand new capital to spend money on its product, engineering, and go-to-market groups.

In 2019, Gong doubled the variety of workers and intends so as to add 150 extra jobs in 2020, together with 100 within the fields of AI engineering, information science and extra at its Israeli analysis and growth heart.

Its prospects embody Basic Electrical and LinkedIn.

Reporting by Tova Cohen, Modifying by Ari Rabinovitch