Prosperity7 Ventures has invested in Rox as part of the AI sales startup’s $100M Series B round, which values the company at $1.3B, according to the announcement.
General Catalyst and March Capital co-led the round. Sequoia Capital and GV also participated, while Prosperity7 joined as a new investor.
San Francisco-based Rox develops AI-powered “revenue agents” designed to help enterprise sales teams identify opportunities, manage deals and expand accounts within their existing systems. The company’s customers have closed more than $7.5B in deals since partnering with Rox, according to the company.
Rox said its platform has generated $330M in qualified pipeline for one global IT company in eight weeks and helped a Fortune 500 medtech company close $24M in revenue in five months. It also reported up to 25x return on investment within 90 days for a global engineering and technology company.
The new funding will support further AI research and product development. Rox also plans to expand its US sales, marketing and commercial teams fivefold next year.
Prosperity7 Ventures is the diversified venture capital fund of Aramco Ventures and invests globally in emerging technologies and business models.
Source: LinkedIn
