Israeli AI startup Chorus.ai raises $6.3m

Startup

The Tel Aviv company combines AI, data analytics, and natural language processing to unite sales conversations into a single dashboard and help close deals.

Israeli Artificial Intelligence (AI) startup Chorus.ai has raised $6.3 million in its first round of funding, led by Emergence Capital. The company, which adds AI to sales conversations and learns what works to close more deals, is also launching its flagship platform out of stealth mode after a year in development.

With offices in Tel Aviv and San Francisco, Chorus' software combines artificial intelligence (AI), data analytics, and natural language processing (NLP) to unite sales conversations into a single dashboard, helping companies learn what works, and multiply successes across their sales teams.

Chorus describes itself as the Waze for sales conversations. Boosted with Natural Language Processing and AI, it helps sales teams learn what to say and what to avoid to route them more quickly to a closed deal.

Chorus' founders, CEO Roy Raanani and Head of R&D Micha Breakstone, believe that organizations that capture and act on the insights surfaced from their sales conversations will out-execute their competitors by elevating their entire sales teams, reducing ramp times, and improving decisions based on what customers actually tell the front-line.

Raanani said, "We wanted to apply artificial intelligence in a way that doesn't replace humans, but instead helps them be more effective - not just more efficient. We saw that no one had yet cracked open the black box of actual sales conversations and felt it was a challenge worth solving. My co-founder Micha Breakstone had spent his career designing speech, natural language and machine learning systems, and laid out a roadmap to solving the problem. Our learning so far from tens of thousands of conversations has been fantastic, so we're excited for what's ahead as we learn from more conversations and more customers."

Published by Globes [online], Israel business news - www.globes-online.com - on October 19, 2016

© Copyright of Globes Publisher Itonut (1983) Ltd. 2016

5 Comments
View comments in rows
Update by email about comments talkback
POST
Comments
Your name
Please insert your name
Content
Hyperlink in a new window Hyperlink Right Left underline italic bold Bulleted List Ordered List Face1 Face2 Face3 Face4 Face5 Face6
Your comment

Thanks
You comment was recieved and soon will be published.
In posting comments, I agree to abide by the Terms of Use
Globes encourages lively and frank debate, but posts that the editors consider merely abusive or otherwise inappropriate will be removed. Report inappropriate content
Thank you for posting your comment, which will be reviewed for publication.
Loading Comments...load
Load more comments
Twitter Facebook Linkedin RSS Newsletters גלובס Israel Business Conference 2016