SAN MATEO, California and TEL AVIV, Israel, July 12, 2017 -- Gong.io, the leading SaaS company in the fast-growing category of Conversation Intelligence for sales teams, today announced a $20 Million Series A1 round. The investment round was led by existing investors Norwest Venture Partners and CheckPoint Co-Founder Shlomo Kramer. They were joined by new investors Wing Venture Capital and NextWorld Capital. Peter Wagner, Founding Partner at Wing Venture Capital, and Ben Fu, General Partner at NextWorld Capital, will join as Board Observers. While managing some of the most successful hyper-growth start-ups, they realized that most companies don't understand why their sales teams aren't meeting their targets.

As artificial intelligence continues its spread into all aspects of computing, many believe that it will be the next big frontier in CRM. Today a startup called Gong.io underscores that trend: the Israeli startup, which has built a tool that uses natural language processing and machine learning to help train and suggest information to sales people and other customer service reps, has raised $20 million in funding. The Series A1 round, which brings the total raised by Gong.io to date to just over $26 million -- was led by previous investors Norwest Venture Partners and Shlomo Kramer, the co-founder of CheckPoint Software. New investors Wing Venture Capital and NextWorld Capital are also in the round. Amit Bendov, the CEO who co-founded the company with Eilon Reshef (both have track records growing, selling and IPOing startups), said in an interview that the new funding will be used for sales development and bringing on more talent to keep building the product.

As artificial intelligence continues its spread into all aspects of computing, many believe that it will be the next big frontier in CRM. Today a startup called Gong.io underscores that trend: the Israeli startup, which has built a tool that uses natural language processing and machine learning to help train and suggest information to sales people and other customer service reps, has raised a $20 million in funding. The Series A round, which brings the total raised by Gong.io to date to just over $26 million -- was led by previous investors Norwest Venture Partners and Shlomo Kramer, the co-founder of CheckPoint Software. New investors Wing Venture Capital and NextWorld Capital are also in the round. Amit Bendov, the CEO who co-founded the company with Eilon Reshef (both have track records growing, selling and IPOing startups), said in an interview that the new funding will be used for sales development and bringing on more talent to keep building the product.