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With Autobound (ChatGPT for sales), sales emails are generated using AI and individually personalized to increase reply rates.
FREMONT, CA: "Autobound's AI suggests hyper-personalized content to the specific individual you're reaching out to. Think ChatGPT, but for sales emails. We're making it simple for any seller to write an A+ sales email instantly, so they can focus on revenue-producing activities like actually talking to buyers." said Wiener.
Many businesses increased their outbound sales function to make up for the drying up of in-person lead channels as COVID-19 expedited the transition to remote labor. Since then, mass emailing and task automation software has become widely used; as a result, firms like Outreach and Salesloft have tripled their (already unicorn) valuations in just a year.
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An up-and-coming company called Autobound has just announced $4 million in funding to help automate the laborious process of creating customized sales emails. The free Chrome plugin from Autobound enables B2B vendors to start more buyer discussions faster.
"Until now, writing high-quality, personalized sales emails has been difficult for every seller out there. Sellers often resort to quantity over quality, which is a problem if they're representing your company's brand. Now that spray and pray methods are so widespread, the bar of what's required to generate an email reply is higher than ever…" says CEO Daniel Wiener, who was previously the second-highest performing BDR in Oracle's US sales division.
Currently available for free, Autobound will soon introduce a paid version of its product. Sellers is already using the technology from more than 250 businesses, including Zoominfo, UserZoom, Outreach, Workato, SailPoint, OnTop, and GoLinks.
"What's getting sales orgs so excited is how Autobound instantly positions their value prop to the specific pain points of the buyers they sell into while incorporating other signals like news events and hiring trends," said Wiener.
This announcement follows the launch of Autobound Everywhere, which expanded the capabilities of Autobound to the software applications that sellers mostly use, including Gmail, LinkedIn, Outreach, SalesLoft, Hubspot, and Salesforce.
With Kyle Schuster, who was once Yelp's top global sales manager, and Tanner McRae, who worked on Amazon's R&D and ML teams for six years, Wiener co-founded Autobound.
Dundee VC led the $4M round. "Daniel, Kyle, and Tanner are the exact team you want building a solution like Autobound. Their on-the-ground sales experience and technical talent give them the insight needed to build a tool that can make any seller a top seller. We're honored to be their partners and excited to watch their solution take sales teams to the next level." - Mark Hasebroock, Managing Partner at Dundee VC.
Together with AIX Ventures, Richard Socher from You.com, Henry Schuck from Zoominfo, Simon Chan from Prediction.io, Sam Guttman from OwnBackup, Tadeusz Witkowicz, and the USC Marshall Venture Fund, other prominent CRM and AI players also took part.
Autobound intends to use the financing to scale its marketing, design, and machine learning operations as well as to speed product development.l
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