Penny AI, a Vancouver, British Columbia-based global leader in data-driven social commerce enablement, raised $27m in Series B funding.
The round was led by PSG, with participation from Acronym Venture Capital and ScaleUP Ventures.
Led by David Abbey, CEO, and Chris Noble, CTO, Penny AI serves as a virtual assistant to sales consultants by providing contact management, prospecting and communication solutions on a single platform to help increase sales productivity.
The company intends to use the funds to accelerate the platform’s expansion into areas that are underserved by existing sales enablement technologies, yet are critical for sellers’ business growth and quality of life, through:
- Engagement Based Micro-Learning – A learning platform built for how adults actually learn, combining curriculum with science-backed learning design to enable learning in the flow of work to upskill sellers.
- Insights and Data Visualization – Actionable insights and data visualization for sellers and corporate teams to understand their business at a glance and drive the next best action.
- Social Commerce – Closing the gap between customer discovery and instant transactions across social channels to track sales data and attribution in a single platform.
Penny AI supports hundreds of thousands of sellers in over 60 countries and 25 languages.
FinSMEs
01/06/2022