21 Aug 2013

SalesPredict Secures $1 Million in Seed Round

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Netanya, August 21, 2013 - SalesPredict, a SaaS company that delivers actionable predictive analytics to sales people, announced today it has closed a $1 million seed round led by Pitango Venture Capital, AfterDox and RSL venture partners with participation of industry leading private investors. Gabby Levy from AfterDox and Kelli Turner from RSL venture partners have joined the board.

Founded in May 2012 by Yaron Zakai-Or and Dr. Kira Radinsky, SalesPredict’s patent-pending technology disrupts B2B sales using web mining. It provides prioritization, recommendations and guidance directly to the sales team, bringing insights to the ones that need it most: sales reps. The combination of Big Data and predictive analytics arms sales people with knowledge they never had before. SalesPredict’s fully automated lead scoring SaaS solution significantly improves lead conversion and sales efficiency by prioritizing leads and upsell opportunities. 

“Our customers are experiencing 50%-75% pipeline growth as a result of using our solution. It is rare to see a solution with an infinite ROI: installs in less than 15 minutes, brings value within 24 hours and contributes directly to the top line of our customers. All of the above happens without any customization or setup cost – it truly is a zero-time implementation” said Yaron Zakai-Or, SalesPredict’s CEO.

Rona Segev-Gal, General Partner at Pitango Venture Capital, said: “As sales automation evolves, sales teams can no longer rely on human made processes for guidance. The vast amount of data requires the smart processing that SalesPredict provides. We are always looking for such exciting seed investment opportunities". Rona added: “It’s great to see Kira’s success, both with the company and in getting world-wide recognition for her work. Kira is a leading example for women entrepreneurs”.

MIT Technology Review honored today Dr. Kira Radinsky as one of 35 top young innovators for 2013. For her work in software, SalesPredict’s Kira Radinsky has been honored as an outstanding inventor on the list. (http://www.technologyreview.com/innovators-under-35/).

“Over the years, we’ve had success in choosing women and men whose innovations and companies have been profoundly influential on the direction of human affairs,” says editor in chief and publisher Jason Pontin. “Previous winners include Larry Page and Sergey Brin, the cofounders of Google; Mark Zuckerberg, the cofounder of Facebook; Jonathan Ive, the chief designer of Apple; and David Karp, the creator of Tumblr. We’re proud of our selections and the variety of achievements they celebrate, and we’re proud to add Kira to this prestigious list.”