Cisco invests in Israeli SaaS AI co Gong.io - Globes English

No financial details were disclosed. Gong.io closed its $20 million Series A financing round last July led by Norwest Venture Partners and CheckPoint cofounder Shlomo Kramer and with the participation of Wing Venture Capital and NextWorld Capital. With offices in Herzliya and San Mateo, the company's platform pioneers new category of AI and Machine Learning to improve sales performance. Gong.io leverages artificial intelligence (AI) and machine learning to change the way salespeople conduct calls. Bendov said, "We're thrilled to have Cisco Investments join Gong as an investor. Cisco Investments' involvement will help fuel our continued growth and expedite our penetration into the collaboration and communication markets. We can't wait to utilize immediate opportunities this investment creates and we're confident even more exciting future opportunities lie ahead of us."