Israeli-Founded Startup Gong Raises $200M At $2.2B Valuation

Gong.io, the US-Israeli company that uses AI to analyze customer data for sales teams, has announced it has raised its third round in 18 months, securing $200 million at a whopping $2.2 billion valuation in a Series D funding round. The funding round was led by Coatue Management, Index Ventures and Salesforce Ventures and joined by earlier investors like Sequoia Capital and Battery Ventures. Gong said it will use the new funding to "fulfill strong market demand for its Revenue Intelligence Platform, reinforce its market leadership, and invest in its product, engineering and go-to-market teams." The company said it has raised a total of $334 million to date. This includes a $65 million Series C funding round in December 2019 and a $40 million Series B investment in February 2019.