Sagetap, a San Francisco, CA-based AI-driven marketplace matching SaaS buyers and sellers, raised $6.8M in funding.
Backers included NFX, Uncorrelated Ventures, Emergent Ventures, and 15 active customers.
The company intends to use the funds to expand its network of tech executives and further develop its product recommendation engine and decision-support tools for buyers.
Founded in 2019 by Sahil Khanna and Kevin Hughes, Sagetap provides a B2B SaaS buying network that uses AI to match tech executives working on AI infrastructure, cybersecurity, DevOps, cloud and data infrastructure, with the optimal software vendors.
Tech executives from organizations like Nvidia, JP Morgan Chase, Kaiser Permanente, and AirBnB use it to find new SaaS tools to adopt. Vendors on the platform can pay to set up campaigns to target specific buyers, conduct meetings, and request buyer feedback, which is provided asynchronously on the platform.
The company is cash-flow positive and has grown revenue 3X YoY.
Commenting on the news, Sahil Khanna said: “We have the first online platform that helps tech buyers anonymously discover and meet with B2B SaaS startups solving their biggest problems.”
FinSMEs
28/05/2024