Wednesday, November 6, 2024
Wednesday, November 6, 2024
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OrbitShift bags $7m to spread wings into US

AI-driven sales intelligence startup has raised $8.5m in funding so far

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  • Platform can reduce research and sales planning time for enterprise clients by 40-50%, streamlining tasks such as client outreach, generating high-quality responses, and creating content for client meetings.

India’s AI-driven sales intelligence startup OrbitShift has secured a $7 million in a seed funding round, led by Peak XV Partners’ Surge scale-up program and Stellaris Venture Partners.

This is OrbitShift’s second institutional funding round, having previously raised $1.5 million in pre-seed funding in 2023 from Stellaris Venture Partners and other angel investors, bringing the total amount of funds raised to $8.5 million.

Established in 2022, OrbitShift has quickly emerged as a comprehensive platform designed to empower the entire sales ecosystem, catering to technology and IT services firms across the US, European Union, and Asia Pacific regions.

The platform leverages specialised models and extensive language models to provide pre-sales, sales operations, and marketing insights, enabling clients to streamline their processes and enhance productivity.

With the newly acquired funds, OrbitShift aims to amplify its presence in the US market, bolstering its investments in technology and product development.

Phenomenal traction

The company’s co-founder and chief executive, Saurabh Mishra, expressed enthusiasm about the “phenomenal traction” the platform has witnessed over the past 18 months, with some of the industry’s leading organizations as its clients.

Alok Goyal, a partner at Stellaris Venture Partners, highlighted the significant impact that AI can have on large enterprises and their customers, but noted the challenges in meeting the high bar for accuracy required in such applications.

“OrbitShift’s ability to address these challenges has earned the trust of investors, who believe in the company’s potential to reshape enterprise processes through innovative AI solutions.”

According to the company, OrbitShift’s platform can reduce research and sales planning time for enterprise clients by 40-50 per cent, streamlining tasks such as client outreach, generating high-quality responses, and creating content for client meetings.

The efficiency boost not only improves productivity but also strengthens client relationships, a key driver of the platform’s growing popularity.

The investment from Peak XV Partners’ Surge program, which has previously backed deeptech startups in the manufacturing and AI space, further validates OrbitShift’s positioning as a disruptive force in the sales intelligence landscape. As the company continues to expand its footprint and diversify its product offerings, it stands poised to redefine the way enterprises leverage AI to optimise their sales and marketing strategies.



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