Spiro Technologies Raises $1.5 Million Series Seed 2 for AI-Powered CRM

By MTS Staff Writer On Jul 18, 2018

Zelkova Ventures, NXT Ventures and Hyperplane Venture Capital Back Next-Generation CRM That Focuses Sales Teams on Selling, Not Entering Data

Spiro Technologies, the provider of the first AI-Powered CRM, announced the completion of its $1.5 Million Series Seed 2 fundraise, bringing the company’s total funding to more than $5 Million. New investors include NXT Ventures and Zelkova Ventures with Hyperplane Venture Capital, Geekdom Fund, MassVentures and New Harbour Partners all participating in the oversubscribed round.

Customer Momentum Primes Company for Next Stage of Growth

Since raising a Series Seed of $3 million in September of 2017, Spiro has more than doubled its customer base and tripled revenue. The new financing will be used to continue to expand sales and marketing efforts while adding new AI features to the company’s products. Spiro plans on doubling its headcount in Boston over the next six months.

Jay Levy

“Today, there is a massive shift going on as companies leverage artificial intelligence to improve employee productivity and profitability. We are excited by Spiro’s success in using AI to create a full sales CRM that eliminates data entry and provides sales leadership with the insights they need to manage their business,” said Jay Levy, Managing Partner, Zelkova Ventures, who lead the Series Seed 2 funding investment. “We’re excited to be involved with Spiro just as it’s poised for huge growth.”

Also Read: Website Versus Email Marketing: Who Owns Personalization of Your Brand?

How Artificial Intelligence Helps Sales Teams

Sales teams today are benefitting from Spiro’s AI-Powered CRM by reaching more prospects, increasing their average deal size and growing their monthly sales.

Adam Honig

“Sales professionals hate the existing CRM solutions because they require massive amounts of data entry, and so they don’t use them. Sales leaders don’t receive the insights they were promised and these solutions are regularly abandoned,” said Adam Honig, CEO of Spiro Technologies. “Our vision is to create a CRM that salespeople don’t need to use. It uses AI to automatically collect data as the sales representative goes about their job, and automatically provides sales leaders the understanding they need to grow their business.”

In addition to providing full sales CRM functionality, Spiro offers three completely unique features:

Proactive Guidance: intelligently guides sales teams through their sales process for maximum effectiveness.
Built-in Assistant: works as a sales assistant to create contacts, reminders, and provide updates on individual or team performance.
Deal Intelligence: automatically highlights inconsistencies in the pipeline to provide much more accurate reports.

Rebecca Wettemann

“Spiro has a very different approach to the CRM market. As one of a few companies building CRM with AI from the ground up, rather than as an add-on, embedded AI recommendations are a natural part of sales workflows,” said Rebecca Wettemann, VP of Research, Nucleus Research, a research firm specializing in investigative research and the return on investment (ROI) analysis of technology. “This drives not only faster sales adoption but higher productivity and more rapid return on investment.”