Gong.io News
27 articles
growth-positive
The Israeli company has hit a $300M run rate and is growing its global presence with new offices, in addition to significantly increasing its local workforce.
Gong, an Israeli high-tech company specializing in AI-driven business intelligence solutions for sales teams, is experiencing significant growth. The company has reached a $300 million annual revenue run rate and is expanding its global presence with new offices and a major recruitment drive. Gong plans to add 100 positions at its Ramat Gan development center, increasing its workforce there by 25% by the end of 2025. The company serves over 4,500 customers, including some of the worlds largest companies, and is expanding internationally with new offices in Austin, Texas, and Dublin. Gong has raised $583 million in funding, with the latest round being a $250 million Series E at a $7.2 billion valuation.
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AI-driven sales intelligence firm focuses on expansion as it delays public offering.
Gong, an AI-driven sales intelligence firm, has surpassed a $300 million annual revenue run rate, driven by the adoption of its platform by Fortune 10 companies and AI firms. The company, founded by Amit Ben-Dov, has seen its customer base expand significantly, with some clients now paying hundreds of thousands annually. Gong raised $250 million in 2021 at a $7.2 billion valuation and has raised $600 million in total since its founding in 2015. Despite challenging market conditions, Gong has maintained growth and efficiency, with plans for an IPO on the horizon. The company is actively hiring to support its expansion and has recently leased new office space in Tel Aviv.
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Gong signs $8.45 million lease as it expands its R&D center in Ramat Gan | CTech
Israeli startup Gong, valued at $7.2 billion, is expanding its global operations and workforce. The company has leased new office space in Ramat Gan, Israel, to accommodate its growth, with plans to recruit hundreds of developers. Gong, which provides AI-powered sales solutions, has raised $583 million across seven funding rounds, with the latest Series E round raising $250 million. The company serves over 4,500 customers globally and is expanding its presence with new offices in New York, Salt Lake City, and Singapore. Despite recent layoffs affecting 7% of its workforce, Gongs CEO emphasizes the strategic importance of AI solutions in enhancing business performance.
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Gong appoints Moran Perelman as head of its Israeli site and senior director in global financial organization | CTech
Gong, a revenue intelligence platform, has appointed Moran Perelman as site manager of Gong in Israel and senior director in the companys global financial organization. Perelman will manage all operational activities at Gongs R&D center in Israel and will also fill several roles in finance. She will manage the financial operations of the entire Israel organization, be the financial partner of the product and R&D organization, and manage regional finances (Ireland and Israel). Gong employs over 1,000 employees worldwide, including 360 employees in Israel. Over 4,000 companies have implemented Gongs solutions.
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Gong's AI tool is changing the sales world
Gong, a US-Israeli company co-founded by Eilon Reshef, develops software that uses generative AI to optimize sales operations. The AI learns how the users company operates and suggests next steps to improve workflow. Gong was founded in 2015 and is valued at $7.25bn after a recent funding round that raised around $600m. The company has offices in San Francisco, Tel Aviv, and Dublin, employing around 100 people in its Europe headquarters. Customers include Wayflyer, Teamwork, LinkedIn, and Slack. The AI does not interfere in decision-making but increases efficiency and revenue by understanding communication and providing relevant information and recommendations.
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גונג מפטרת 80 עובדים - 7% מהעובדים בעולם, 5 בישראל
Israeli software company Gong has announced layoffs of 80 employees, representing 7% of its workforce worldwide. The CEO, Amit Bendov, explained that the decision was made due to a change in the companys growth projections. While Gong expects growth this year and an increase in new customers, the actual growth rate will be lower than anticipated. As a result, the company needs to adjust its team size accordingly. Bendov also mentioned that the company will hold an open microphone session for employees to ask questions about the layoffs. Gong, founded in 2015, develops AI-based software for salespeople in organizations. In 2021, the company raised $7.2 billion in funding.
Layoffs
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New Gong and Workato Integration Makes Sales Data More Visible and Actionable Across the Enterprise
Gong has announced an integration with Workato, allowing go-to-market teams to have a complete view of customer interactions across all touchpoints in the sales cycle. The integration pushes data from other applications into the Gong Reality Platform, providing sales leaders and reps with actionable insights. This integration enhances the customer experience by making customer interaction data accessible, available, and actionable. Workato is the leading enterprise automation platform trusted by over 17,000 top brands. Gong is a Reality Platform that captures and analyzes customer interactions to empower revenue and go-to-market teams. More than 3,000 companies trust Gong to power their business reality.
Partners
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AI-powered sales enablement platform Gong raises $250M
Gong.io, an enterprise sales enablement platform, has raised $250 million in a series E funding round, valuing the company at $7.25 billion. The funding will be used for product development, hiring, and customer acquisition. Gongs solution helps increase sales, reduce churn, and increase market share by uncovering patterns in sales data. The platform captures customer interactions and integrates them with CRM data, providing insights and personalized recommendations for sales reps. Gong has over 84,000 paid users and upwards of 2,000 customers. The companys annual recurring revenue increased 2.3 times between Q1 2020 and Q1 2021. Franklin Templeton led the funding round, with participation from existing investors. Gong has also acquired Vayo and launched new integrations with Microsoft 365 Dynamics, Zoom, and Slack.
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growth-positive
Gong Ranks #1 on G2's 'Top 100 Best Software Products' 2021
Gong has been ranked #1 on the Top 100 Best Software Products list for 2021 by G2s Best Software Awards. The rankings are based on authentic customer reviews. Gong was also recognized on seven additional G2 Best Of lists. The companys CEO expressed gratitude for the recognition and highlighted the challenges faced by the industry during the COVID-19 pandemic. Gongs revenue intelligence platform captures and analyzes customer interactions to provide insights for revenue teams. The company has a strong customer base and is trusted by several well-known companies. Gong is headquartered in San Francisco.
Customers
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חברת הסטארט-אפ הישראלית גונג תפרסם בגמר הסופרבול
Israeli start-up Gong.io is set to air its first Super Bowl advertisement, which will be broadcast ten times during the special broadcast day, with two spots airing during the game itself. The company has invested around half a million dollars in the advertisement, which was created by creative studio PictureLab. The advertisement will be aired in markets deemed most relevant for Gong.io, where a large number of its customers are concentrated, including the San Francisco Bay Area, New York, and Seattle. Gong.io develops an artificial intelligence system to upgrade the calls of sales and service teams in organizations.
CustomersInvestment
growth-positive
Gong Teams with Tech Titans to Power New Era of Remote Selling
Gong has announced partnerships with Slack, Microsoft Dynamics, and Zoom to strengthen its virtual selling platform. These collaborations aim to create a more seamless, insightful, and intuitive platform for users. Gong is leading the digital transformation for sales organizations, and these partnerships will allow joint customers to access Gongs marketing and customer insights more easily. The partnerships include Microsoft 365 Dynamics integration, Zoom integration for recording meetings, and Slack integration for sharing timely insights from customer calls. Gong has recently raised $200 million in a Series D funding round and has experienced significant revenue growth, bringing its valuation to $2.2 billion. The partnerships align with Gongs commitment to providing a one-stop-shop for remote selling.
Partners
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Gong Raises $200 Million in Series D Funding at $2.2 Billion Valuation
Gong, the revenue intelligence platform, has raised $200 million in a Series D funding round, bringing the companys valuation to $2.2 billion. The investment reflects strong demand for Gongs platform due to remote working and the increased importance of remote selling. Gongs software captures and analyzes customer interactions to provide insights that can increase sales and market share. The funding will be used to meet market demand, reinforce market leadership, and invest in product development and go-to-market teams.
Investment
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Every Crisis Is an Opportunity, and These Downhills Have an End, Says Gong.io Exec
Amit Bendov, CEO of Gong.io, discusses the impact of the Covid-19 crisis on the Israeli tech sector. Gong.io, a conversation analytics startup, has already prepared for remote work and expects minimal impact on their organization. They believe the crisis presents an opportunity for them to work fully remotely. The Israeli tech sector is expected to be affected, with strong companies surviving and others suffering, particularly those in industries like travel and hospitality. To minimize damage, companies should be proactive in helping customers and continue working on core initiatives. The top three rules to endure the crisis are prioritizing health, adjusting business plans, and focusing on operations. The pandemic may have a lasting impact on remote work and hygiene practices.
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https://www.martechadvisor.com/news/sales-enablement/gongio-launches-deal-intelligence-leverages-ai-to-help-sales-team/
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AI-based CRM co Gong raises $65m at $750m valuation
Gong, a revenue intelligence company, has raised $65 million in a Series C round led by Sequoia Capital. The total amount raised by the company is now $134 million, with a company valuation of $750 million. Gong plans to use the funding to fulfill market demand, invest in its product and engineering teams, and add 150 more jobs in 2020. Sequoia partner Carl Eschenbach has joined Gongs board of directors. Gongs customers include Facebook, General Electric, PayPal, and Nasdaq. The company is considering the possibility of an IPO in the next couple of years.
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Gong.io Raises $40M in Series B Funding - FinSMEs
Gong.io, a conversation intelligence platform for sales teams, has raised $40 million in Series B funding. The funding round, led by Battery Ventures, brings the total funding for the company to $68 million. Gong.io plans to use the funds to invest in engineering, expand support, sales, and marketing. The platform uses AI to analyze phone, video, and text conversations, providing information that companies can use to coach customer-facing teams and improve decision-making. Sales leaders can access data on their best peoples tactics and strategies, allowing for replication and improved performance. The funding will help Gong.io fulfill its long-term product vision.
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Conversation Analytics Startup Gong.io Wins Calcalist's AI and Big Data Startup Competition
Gong.io Ltd., an Israel-based conversation analytics startup, has won Calcalists and Microsofts second annual artificial intelligence and big data startup competition. The company provides sales representatives with real-time insights into their interactions with customers by analyzing recorded phone calls and tracking keywords and topics of conversation. Gong.ios technology aims to reduce the time it takes to train sales personnel. As the winner of the competition, Gong.io will receive a visit to Microsofts Seattle headquarters, roundtable meetings with Microsoft executives and other companies, and an invitation to Calcalists 2019 Berlin conference for potential partnerships and investments.
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Gong.io Named A Rising Star On Forbes' Cloud 100 List
Gong.io, a conversation intelligence platform for sales teams, has been named one of the 20 Rising Stars on the Forbes 2018 Cloud 100 list. The list, published by Forbes in collaboration with Bessemer Venture Partners and Salesforce Ventures, recognises the top 100 private cloud companies in the world. The Rising Stars category acknowledges young, high-growth and category-leading cloud companies that are likely to join the Cloud 100 ranks. Gong.ios CEO, Amit Bendov, expressed his gratitude for the recognition and his anticipation for the companys continued growth.
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Gong.io Acquires ONDiGO to Extend its Conversation Intelligence Platform
Gong.io has announced the acquisition of AI-Powered Sales Intelligence platform ONDiGO. The acquisition is part of Gong.ios strategic growth plan and aims to leverage the technology developed by the ONDiGO team. ONDiGOs current product will continue to be supported, and its customers will be offered an upgrade to Gongs new product. Gong.io is the market leader in Conversation Intelligence for sales teams, helping them generate more revenue by improving sales conversations.
Acquisition
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Cisco Backs Israeli Marketing Conversation Analytics Startup Gong
Cisco Investments has invested in Israeli conversation analytics startup Gong.io Ltd. as part of an extension to its Series A funding round. Gong provides sales representatives with insights into their interactions with customers by analyzing recorded phone calls and tracking keywords and topics of conversation. Gong also announced the acquisition of sales intelligence platform ONDiGO. The amount of Ciscos investment and the acquisition amount were not disclosed.
PartnersAcquisition
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Startup Wants to Bring Conversation Analytics to Real Life Sales Meetings
Israel-based conversation analytics startup Gong.io Ltd. plans to develop a recording gadget with built-in analytics capabilities to be used in face-to-face sales meetings. The gadget will help sales teams improve their performance by analyzing keywords, subjects, and recurring conversation topics. Gong has raised $26 million to date and intends to double its workforce in the next 12 months. The companys backers include Norwest Venture Partners and Wing Venture Capital.
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Israeli Start-Up Gong.io Named as One of Top 100 Software Companies for 2018 by G2 Crowd
Gong.io, a leading SaaS company in Conversation Intelligence for sales teams, has been ranked no.47 in the 2018 list of top 100 software companies by G2 Crowd. The company experienced significant growth in 2017, with an increase in team size, hundreds of new customers, and thousands of users. Gong.io is the #1 Conversation Intelligence platform for B2B sales, providing insights and analysis of sales calls using AI. The article does not mention any specific partners, customers, valuation amount, acquisition amount, investment amount, layoffs, or date of the event.
Customers
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Gong.io Recognised for Outstanding Growth in Top 50 List From SaaS1000.com
Gong.io, a SaaS company specializing in Conversation Intelligence for sales teams, has been recognized as one of the top 50 fastest growing SaaS companies. The company has experienced rapid growth in employee size and overall team members. Gong.io recently raised $20 million in a Series A1 round, bringing its total funding to $26 million. The company has doubled its revenue for the past four consecutive quarters and has been recognized by Gartner as a 2017 Cool Vendor in CRM Sales. Gong.io aims to continue its growth and is actively hiring for various positions.
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Gong, an AI-based language tool to help sales and customer service reps, nabs $20M
Israeli startup Gong.io, which uses natural language processing and machine learning to train and suggest information to salespeople and customer service reps, has raised $20 million in a Series A1 funding round. The funding will be used for sales development and hiring more talent. Gong.io has been doubling revenues for the last four quarters and claims its AI-based solution has contributed to a collective $1 billion in revenues among its customer base. The company plans to hire researchers and engineers to improve user experience and data science. Gong.ios platform provides real-time suggestions during conversations and analyzes calls for more detailed training and reports. The company has attracted traditional investors interested in the AI trend.
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Gong.io Introduces Real-time Conversation Intelligence for B2B Sales Teams
Gong.io, the conversation intelligence platform for B2B sales, has announced the launch of Real-Time Conversation Intelligence for B2B sales teams. This new feature provides sales reps with real-time assistance in dealing with various pain points related to a sales opportunity. Gong uses artificial intelligence and machine learning to analyze sales conversations and help teams win more deals. The company aims to democratize the conversation intelligence field by bringing it to individual sales reps. Gong is a Marquee sponsor of the Sales Machine conference and offers a free trial of its platform.
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growth-positive
Gong Named a Cool Vendor in CRM Sales by Gartner
Gong.io, a SaaS company specializing in conversation intelligence, has been recognized by Gartner as a Cool Vendor in CRM Sales. Gong utilizes artificial intelligence and machine learning to analyze sales calls and improve sales tactics. The company aims to help businesses improve their sales performance and compete in their markets. Gong was founded in 2015 by Amit Bendov and Eilon Reshef to address the communication challenges in sales conversations. The technology offered by Gong is considered a significant invention for sales since the creation of CRM. The article was published on May 4, 2017.
Customers
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Gong.io Raises $6M in Series A to Pioneer Sales Conversation Intelligence Software
Gong.io, a SaaS company specializing in B2B Sales Conversation Intelligence, has emerged from stealth mode and announced $6 million in Series A funding. The funding round was led by Norwest Venture Partners and Check Point Co-Founder Shlomo Kramer. Gong uses artificial intelligence and machine learning to help B2B sales teams improve their performance by analyzing spoken sales conversations. The company aims to fill the gap in analyzing unstructured data from conversations and provide visibility into sales calls. Gong has already deployed its Sales Conversation Intelligence solution in dozens of organizations and has shown significant sales growth.
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