Private investors have provided business information company Gagein a $6.4 million Series A funding round. Gagein will use proceeds to grow its user base of sales professionals.
Gagein today announced it closed a $6.4 million Series A funding round from private investors. The funding now positions Gagein to aggressively grow its user base of sales professionals after successfully completing its beta testing period.
Gagein’s technology allows users to easily track thousands of companies for real-time news that pinpoints when and why to call prospects. Using its patent-pending SmartTRACK technology, Gagein intelligently searches the Internet for news stories, social media updates and company websites for actionable news, contacts, and other supplementary business information. With this information, sales professionals have a more holistic view of prospects, enabling them to be the first to call with a compelling reason and, subsequently, a higher probability of closing the business. The Series A funding will increase staff size and expand office space and resources to support even more sales professionals.
“Forget cold calling. Gagein increases opportunities for sales professionals to be the first to call a prospect,” said Dr. Shaoqing Sun, founder, president and CEO at C&C Reservoirs and Gagein investor. “The company has gained strong support from sales teams at large and small companies that recognize the value of staying current with clients and future prospects.”
“Using artificial intelligence to find actionable news amid the clutter of information available on the Internet adds incredible value,” said Shahid Ullah, Chief Operating Officer of Afren Plc and Gagein investor. “Gagein’s experienced management team is building a company that is changing the game for sales professionals and I am delighted to help the company accelerate its growth.”
“We are grateful to our private investors for their vote of confidence,” said Luosheng Peng, CEO and Co-Founder of Gagein. “Gagein provides multiple advantages that are unrivaled by anything available on the market today. With 300 percent user growth per month, we look forward to expanding our market reach with this funding round.”
Gagein is Google Alerts on steroids. The company is the leader in the application of natural language processing and machine learning to solve the big data challenges facing sales, marketing and business development: finding high-value prospects and closing more opportunities. Gagein’s proprietary SmartTRACK technology discovers the most timely, relevant and actionable real-time news available on the Internet and delivers it to any device, whenever and wherever needed. Gagein’s innovative services are available for free via the Web and on iOS and Android devices. Gagein is headquartered in Alviso, Calif. For more information, please visit www.gagein.com.