Aviso, a Palo Alto, CA-based predictive insights software company for sales management, operations and forecasting, raised $15m in Series B funding.
The round was co-led by Scale Venture Partners and Next World Capital, with participation from existing investors Shasta Ventures, First Round Capital, Bloomberg Beta and Cowboy Ventures. In conjunction with the funding, Stacey Bishop from Scale Venture Partners and Craig Hanson from Next World Capital will be joining Aviso’s board.
The company, which has now raised $23m, intends to use the funds to grow its sales, marketing and customer success teams.
Led by K. V. Rao, Founder and CEO, Aviso provides cloud predictive insights software using a combination of machine learning algorithms and portfolio management techniques to enable sales teams to optimize their performance by prioritizing deals, deploying resources, and mitigating risks.
Launched in September 2014, the company’s platform is used by enterprise sales organizations including Splunk, Nutanix, Lucidworks, RingCentral, Saba, and many others.