Nooks raises $22M to end sales development drudgery with AI-powered prospecting & calling [Yahoo! Finance]
ZoomInfo Technologies Inc. (ZI)
Company Research
Source: Yahoo! Finance
Its 4x revenue growth in 2023 indicates strong demand from sales teams. SAN FRANCISCO April 24, 2024 /PRNewswire/ -- Nooks , the fastest-growing AI dialing & prospecting platform, announced today that it has raised $22M in Series A funding. The round was led by Lachy Groom with participation from Tola Capital and Stifel Venture Banking, bringing Nooks total funding to $27M Now that AI can read, write, and even browse the web, the role of the inside sales rep is evolving. Especially for those focused on lead generation like sales development reps (SDRs) who spend the vast majority of their time on manual activities like writing emails, making calls, and researching leads rather than selling. While some believe the job will be fully automated, Nooks claims that teams leveraging AI tools can actually make selling more human. "Sales development reps today spend 90% of their time on manual tasks that can be automated with AI," said Dan Lee , CEO of Nooks. "We're building Nooks to cut
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