AI Sales Training Platform, Hyperbound, Secures USD 15 Million to Accelerate Expansion
Hyperbound, an artificial intelligence (AI) driven platform for companies to train their sales teams, has secured $15 million in fresh funding. The funding round was led by Peak XV Partners, with participation from Y Combinator, Snowflake Ventures, Roble Ventures, Fellows Fund, XV, Accomplice, Collaborative Fund, and Snowflake Ventures.
Founded in January 2024 by Sriharsha Guduguntla and Atul Raghunathan, Hyperbound offers a comprehensive solution for sales training. The platform includes simulated practice environments, call scoring, customized scorecards, and support for over 25 languages.
The startup's tools are being used across various sectors, including SaaS, finance, logistics, and staffing. Notable clients include Autodesk, Monday.com, Bloomberg, G2, Vanta, Airwallex, and Hub International.
Hyperbound's success is evident in its early achievement of year-end growth targets and the generation of over $1 million in new annual recurring revenue in two consecutive months. Both founders bring enterprise software experience to the table. Guduguntla worked on conversational AI at Salesforce, while Raghunathan built machine learning models at Meta.
The new funding will be used to expand Hyperbound's product capabilities, scale customer support teams globally, and pursue enterprise adoption. The platform is currently available for trial use.
With this investment, Hyperbound's total capital raised since its inception now stands at $18.3 million. The startup is associated with an international franchise named Our Brand Name Media, and its brand name Staff. The platform also enables multiparty AI roleplays for complex customer conversations preparation.
Hyperbound's unique approach to sales training is revolutionising the industry, providing companies with the tools they need to succeed in today's competitive market. With its robust platform and experienced team, Hyperbound is poised for continued growth and success.
Read also:
- Transforming Digital Inventories in the Food Industry: A Comprehensive Guide for Food Businesses
- 1. Key Points for August 14: Gathering in Alaska, Immigration Enforcement (ICE), Financial service Zelle, Infowars, and Air Canada Airline Incidents
- Automobile manufacturer IM Motors reveals an extended-range powertrain akin to installing an internal combustion engine in a Tesla Model Y.
- Conflict Erupts Between Musk and Apple Over Apple Store's Neglect of Grok
