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Podium Analysis: $201M Raised

What is Podium?

Podium offers an AI Employee platform that enhances lead qualification and customer engagement through conversational AI, making it suitable for sales development roles. Their AI solutions help businesses capture and convert leads effectively, driving sales and improving customer interactions.

Product Features & Capabilities

Prospecting
Enrichment
Personalization
CRM Automation
Analytics

Pricing & Customer Segments

Core Plan: Essential AI features and support.
Pro Plan: Advanced AI capabilities and automations.
Signature Plan: Customizable for multi-location businesses.

How much Podium raised

Venture Round - Not disclosed (October 31, 2022)

Investors: 2 investors (names not disclosed)
Date: October 31, 2022

Series D - $201 million (November 15, 2021)

Investors: Y Combinator Continuity Fund, Durable Capital Partners, Arpex Capital, Accel, Album VC, IVP, Sapphire Ventures, Summit Partners, Sorenson Capital
Date: November 15, 2021

Series C - Not disclosed (April 7, 2020)

Investors: 9 investors, including Y Combinator Continuity Fund
Date: April 7, 2020

Series B - Not disclosed (June 7, 2018)

Investors: 5 investors, including IVP
Date: June 7, 2018

Seed Round - Not disclosed (June 2, 2017)

Investors: 1 investor, Album VC
Date: June 2, 2017

Series A - Not disclosed (May 9, 2017)

Investors: 4 investors, including Accel
Date: May 9, 2017

Seed Round - Not disclosed (March 22, 2016)

Investors: 2 investors (names not disclosed)
Date: March 22, 2016

Seed Round - Not disclosed (June 27, 2014)

Investors: 1 investor, Album VC
Date: June 27, 2014

Customer Success Story

Podium's notable customer is Decagon AI, a company in the sales technology industry. Decagon faced challenges with their previous AI solutions, which included unreliable escalation paths and low agent efficiency. By implementing Podium's services, they significantly improved their customer support operations, achieving a threefold increase in team productivity and surpassing their previous deflection rate ceiling of 25-30%. Noam Kahn, the Customer Success Operations Manager at Decagon, noted that Podium brought a high level of sophistication to their customer support operations.

Who are the founders of Podium

Leadership

Eric Rea

Co-Founder & CEO

Dennis Steele

Co-Founder

Chance Olson

Chief Strategy Officer

Nathaniel Hancock

Chief Sales Officer

Tim Milliron

Chief Technology Officer

Platform Ratings & Reviews

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Financial Overview

$750MEstimated Revenue
$201MTotal Raised
Venture RoundNot disclosed
October 31, 2022
Investors: 2 investors (names not disclosed)
Series D$201 million
November 15, 2021
Investors: Y Combinator Continuity Fund, Durable Capital Partners, Arpex Capital, Accel, Album VC, IVP, Sapphire Ventures, Summit Partners, Sorenson Capital
Series CNot disclosed
April 7, 2020
Investors: 9 investors, including Y Combinator Continuity Fund
Series BNot disclosed
June 7, 2018
Investors: 5 investors, including IVP
Seed RoundNot disclosed
June 2, 2017
Investors: 1 investor, Album VC
Series ANot disclosed
May 9, 2017
Investors: 4 investors, including Accel
Seed RoundNot disclosed
March 22, 2016
Investors: 2 investors (names not disclosed)
Seed RoundNot disclosed
June 27, 2014
Investors: 1 investor, Album VC