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Big Data Platform Company InsideSales.com Receives $100 Million Investment

April 29, 2014
by Staff Writer

Big data platform company InsideSales.com has received $100 million in investment. The company offers a platform that manages the sales process by providing a purpose-built enterprise sales model solution designed to “optimize productivity” and speed up how long it takes to make sales.

The software-as-a-service (SaaS) solutions provider, which is still considered a startup, has also recently been valued at around $1 billion. The company has enjoyed 107% “year-over-year sales growth” through catering to customers that include Microsoft, Groupon, and McGraw-Hill.

InsideSales.com’s investment came in the form of a Series C round which was driven by a number of investors, namely Polaris Partners and Kleiner Perkins Caufield & Byers, alongside companies like Salesforce and venture capital organizations. The money will be used to launch new products and services, and in particular “expand its portfolio of cutting-edge technology solutions for salespeople, and enter new geographic markets”. It might also be used to acquire other companies.

“Once in a while, a company has an opportunity to truly transform an entire industry,” explained Polaris Partners’ managing partner, Mr. Dave Barrett. “InsideSales.com is that kind of company. The reinvention of the sales industry is a once-in-a-generation opportunity. The company’s patented technologies and runaway revenue growth, fuelled by new customer acquisition as well as strong expansion of existing accounts, make it an incredibly attractive platform for the next generation of organizations who want and need to accelerate sales.”

Do you know of any other companies receiving substantial investment? Let us know the details. Add your comments below.

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