Pitchit, a San Francisco, CA-based provider of an AI-powered lead qualification as a service (LQaaS) platform, raised $2.5M in Seed funding in July 2024.
The round was led by Silicon Road Ventures, with participation from Gray Ventures, Plug and Play, and Alchemist Accelerator.
The company intends to use the funds to expand its AI capabilities, including more sophisticated text and voice recognition features, and enhance its integration ecosystem.
Led by Paul Kleen, founder and CEO, Pitchit works on how sales teams qualify inbound leads with the introduction of its LQaaS platform, which automates the first 24 hours of manual labor required to qualify inbound leads. The solution can sync leads from 7,000+ channels — social media, CRM, email, SMS, and more — to quickly quote pricing, book meetings, handle objections, and capture personally identifiable information (PII) before handing qualified leads off to a human sales rep. By focusing on purchase-ready leads, brands with a large volume of B2C sales across multiple consumer touchpoints can dramatically increase sales qualified lead (SQL) conversion rates, lower the time and cost associated with every sale, and maximize revenue per sales representative. In addition, brands can offer their customers a faster and more personalized sales experience while reducing costs.
To date, it has helped telecom and insurance sales teams qualify 531,000+ leads, save 4,400+ labor hours, book 4,000+ meetings, and close $280M in customer revenue.
FinSMEs
22/08/2024