Rightbound

growth-positive

RightBound, a technology company specializing in sales development, has announced new funding of $15.5 million, bringing its total funding to $27 million. The company has experienced significant growth, with a 400% increase in ARR in 2021 and a tripling of its valuation. RightBound has also expanded its customer base and employee headcount, adding new executives to its team. The companys platform uses AI and machine learning to automate and optimize the sales development process, resulting in increased outbound sales results and time savings for its customers. RightBound has been praised for its ability to eliminate manual prospect searching and connect with prospects more effectively. The company is focused on supporting the sales development profession and has launched initiatives such as an SDR leader community and a free SDR swag store. RightBound integrates with popular CRM and sales engagement platforms and has a remote workforce based in the United States and Israel.

growth-positive

Israeli startup RightBound has raised $12 million in a series A funding round led by Innovation Endeavors, with participation from IBI Tech Fund, Operator Collective, and angel investors. The company has developed an autonomous sales prospecting engine that transforms manual sales routines into a data-driven, AI-based process. RightBound, which has been growing 100% per quarter for the past year, plans to double its workforce by 2022. The companys machine connects with Salesforce, Hubspot, Outreach.io, and Salesloft, allowing sales teams to focus on building relationships with prospects.

growth-positive

Israels IBI Tech Fund has announced two new investments totalling $2.5 million in startups RightBound and Xperiti. RightBound, which received $2 million, develops technology to automate and streamline sales processes between organisations and companies. Xperiti, which received $500,000, uses AI to find experts and manage information. The investments were made in partnership with Shalev Hulio and Dr. Rafi Gidron. The fund, which was founded with government assistance, raised NIS 403 million in June 2018 and will invest up to 75% of its assets in non-marketable high-tech companies.