Canopy, an Indianapolis, IN-based revenue intelligence software-as-a-service (SaaS) platform, raised $2m in seed funding.
The round was led by High Alpha Capital and Elevate Ventures, with participation from IU Ventures and Service Provider Capital.
The company will use the funding to scale product development, build additional integrations and grow its sales and marketing teams.
Led by CEO and Co-Founder Pat Rodgers, a veteran sales executive and leader who started the company alongside High Alpha’s venture studio in 2019, Canopy provides a SaaS revenue intelligence platform that allows sales managers to gain visibility into team performance, track pipeline activity and drive revenue. Its artificial intelligence and machine learning identifies patterns and trends in a company’s sales activity to maximize revenue generation. The company has already built integrations with Salesforce, HubSpot’s Sales Hub and Slack.