EverString has raised $12 million to help companies sell more stuff

TECHi's Author Scarlett Madison
Opposing Author Forbes Read Source Article
Last Updated
TECHi's Take
Scarlett Madison
Scarlett Madison
  • Words 99
  • Estimated Read 1 min

EverString, a big data startup that helps companies identify prospective sales leads and new clients though predictive analytics, has raised $12 million in a series A funding round. Lightspeed Venture Partners led the round, which also included existing investors Sequoia Capital and IDG Ventures. While there are a host of marketing analytics services in the market like Silverpop and Eloqua that businesses use to aggregate numerous sales leads and find potential customers, EverString’s technology goes beyond whatever data is hosted internally within a company and branches out to the open web, explained EverString’s co-founder and CEO, Vincent Yang.

Forbes

Forbes

  • Words 193
  • Estimated Read 1 min
Read Article

As organizations increasingly look for an edge to give their sales teams the best chance of success, the allure of big data and predictive intelligence becomes attractive. The promise of predictive intelligence for sales organizations is that it allows sales teams to chase the deals most likely to convert, or set their pricing at the most appropriate level. It’s a busy space with vendors like Infer,SalesPredict and Zilliant all delivering variations on this theme. Another one of these players is EverString, a company delivering an adaptive learning engine that is focused on helping organizations both identify and engage with their customers. EverString was founded back in 2012 and id today announcing a series A funding round. Lightspeed Venture Partners, along with participation from Sequoia Capital and IDG Ventures is shelling out some $12 million in an effort to give EverString the boost it needs. The timing of this deal is interesting – it’s only a few weeks since Salesforce.com announced its acquisition of RelateIQ. That deal was worth some $390 million and valued RelateIQ nearly 60% higher than it’s most recent funding round which, incredibly, closed only a few weeks before the acquisition.

Source

NOTE: TECHi Two-Takes are the stories we have chosen from the web along with a little bit of our opinion in a paragraph. Please check the original story in the Source Button below.

Balanced Perspective

TECHi weighs both sides before reaching a conclusion.

TECHi’s editorial take above outlines the reasoning that supports this position.

More Two Takes from Forbes

Google RCS Update Ends Text Privacy on Work Phones
Google RCS Update Ends Text Privacy on Work Phones

Google’s new Android update means your text messages on work phones are no longer private. The update lets employers access…

Google Drive Reports Thousands of Outages Wednesday Afternoon
Google Drive Reports Thousands of Outages Wednesday Afternoon

The Google Drive outage underscores the vulnerability of cloud-based productivity tools that millions of businesses and individuals rely on daily.…

Oracle Shares Face Risk of Sharp Decline Despite Strong Momentum
Oracle Shares Face Risk of Sharp Decline Despite Strong Momentum

Oracle’s current position in the market reflects both the strength of its strategic pivot to cloud computing and the risks…

Adobe Shares Now 38% Cheaper, Pricing Power Suggests a Buying Opportunity
Adobe Shares Now 38% Cheaper, Pricing Power Suggests a Buying Opportunity

Adobe’s current valuation reset presents a notable moment in the broader narrative of software pricing power. Despite the recent 38…