Led by Gradient Ventures, Google’s AI-focused Venture Fund, SaaS Startup Modernizes CPQ for Business
RevOps, a sales productivity platform, announces its launch with $1.6 million in seed funding. RevOps’ automation and collaborative pricing tools help businesses easily configure, price, quote, and sign deals in seconds. The seed round is led by Gradient Ventures, Google’s AI-focused fund, with additional investment from Raymond Tonsing’s firm, Caffeinated Capital.
Pricing expert Adam Ballai created RevOps in 2018 after his experience at Twilio and Stripe led him to determine that account-based pricing was a key business application missing from all software companies. Adam founded RevOps as the first-ever source of truth for pricing which integrates with all billing platforms, giving product, sales & finance time back to innovate and upsell customers. RevOps is simple, fast, and scalable without the rip and replace involved in changing your billing platform.
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“RevOps supports better customer relationships by automating time-consuming procedures which frees up businesses to engage thoughtfully with their customers. Our data model is so flexible that it can support subscription to pay-as-you-go usage-based pricing models. We’re thrilled with the support from Gradient as we bring the best platform for pricing intelligence to more customers,” said Adam Ballai, CEO and Co-Founder of RevOps.
RevOps lets you deliver a better customer experience with quoting, e-signature and billing in one solution. The platform supports all parts of the sales cycle, from opportunity, proposals, approval workflows, negotiation, deal close and renewals. It accomplishes this by giving sales immediate access to proposals in their native document format, such as MS Word, offering seamless integration with Stripe to automated customer billing and zero configuration Salesforce data connection to synchronize product catalogs. RevOps is serious about data security and privacy and has implemented the latest cloud security technologies to protect customer data.
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“Adam has deployed enterprise-grade revenue architecture for multi-billion dollar companies, including Twilio & Stripe, so he understands the market opportunity for a pricing intelligence solution that helps businesses thrive. We’re excited to help RevOps grow and launch their business in 2020,” said Muzzammil Zaveri, Partner at Gradient Ventures.
“RevOps enabled our sales team to increase prospects by 600% in six months through expanded price offerings and the ability to seamlessly collaborate across product, finance and sales teams,” said Mahmoud Abdelkader, CEO and Co-Founder of Very Good Security. “Our mission is to provide best-in-class security to companies of all sizes, and RevOps’ pricing tool makes it possible to expand our Zero Data approach to companies of all sizes with its structured flexibility.”
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