Total amount raised
$51 Millions
Latest funding date
Location
Orum has successfully raised funds through multiple rounds, with its latest being a Series B. The platform leverages AI to enhance sales activities by automating outbound calling and facilitating live conversations.
Keep reading to explore the intricacies of Orum's fundraising journey and the investors backing this innovative platform.
What Is Orum?
Orum, founded in 2018 by Karthik Viswanathan, is headquartered in San Francisco, California. The company specializes in AI-powered dialing to enhance sales operations, making it easier for sales teams to connect with prospects.
Orum's platform automates the manual aspects of dialing and data entry, allowing sales representatives to focus on live conversations. The company integrates with major CRM systems like Salesforce, Outreach, and SalesLoft.
With a team of 101-250 employees, Orum continues to innovate in the sales tech space, driving efficiency and productivity for its clients.
How Much Funding Has Orum Raised?
- Seed Round
- Amount Raised: $4M
- Date: April 2020
- Lead Investors: Unusual Ventures
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To develop the initial product and validate the market need for AI-powered sales tools.
- Series A
- Amount Raised: $25M
- Date: July 2021
- Lead Investors: Craft Ventures
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To scale the platform and expand the team to meet growing demand.
- Series B
- Amount Raised: $22M
- Date: November 2022
- Lead Investors: Tribe Capital
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To invest in product capabilities, expand the team, and enable more conversations for organizations of all sizes.
Orum has raised a total of $51M. The current valuation is not publicly disclosed.
Key Investors
- Craft Ventures
- Details: Craft Ventures is a venture capital firm that invests in early-stage and growth-stage technology companies. Founded by David Sacks, the firm has a strong focus on SaaS, marketplaces, and consumer internet sectors.
- Investment Focus Areas: SaaS, marketplaces, consumer internet
- Notable Investments: Bird, Reddit, SpaceX
- Unusual Ventures
- Details: Unusual Ventures is an early-stage venture capital firm that focuses on enterprise software, consumer, and fintech sectors. The firm aims to support startups with hands-on guidance and resources.
- Investment Focus Areas: Enterprise software, consumer, fintech
- Notable Investments: Robinhood, Carta, Harness
- Tribe Capital
- Details: Tribe Capital is a venture capital firm that invests in early-stage technology companies. The firm leverages data science to identify and support high-potential startups.
- Investment Focus Areas: Early-stage technology companies
- Notable Investments: Carta, Bolt, Relativity Space
What's Next for Orum?
Orum stands at the cusp of significant growth, driven by the increasing reliance on AI and automation in sales processes. With the potential to enhance its AI-driven tools and expand its product capabilities, Orum is well-positioned to capitalize on the growing need for efficiency in remote sales teams. The company has already facilitated over a million connections and tripled the number of teams using its platform, indicating a substantial market opportunity.
Future fundraising efforts are likely, given the successful Series B round and the strategic involvement of investors like Tribe Capital and Craft Ventures. However, Orum will need to navigate challenges such as differentiating itself from competitors and ensuring the scalability of its technology. Maintaining innovation and addressing the unique demands of remote work environments will be crucial for sustained growth.
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