The San Francisco-based company, which is profitable, earns revenue through vendor subscriptions and meetings booked on the platform. It recently raised a $6.8 million seed round led by NFX, with participation from Uncorrelated Ventures, Emergent Ventures, and 15 of their customers, including Oracle and Dell. Sagetap, which has grown to 5,000 buyers and seen its revenue grow 2.7x year over year, plans to focus on growing its community of technology experts and increasing market visibility.
Key takeaways:
- Sagetap, founded by Sahil Khanna and Kevin Hughes, is an AI-powered marketplace designed to improve the enterprise software sales process by providing a platform for buyers to research, explore, and connect with vetted software vendors.
- The platform uses AI to analyze sales calls and rank vendors, providing recommendations to users based on their criteria. It also provides detailed information about each vendor, including purchase prices and anonymized feedback.
- Sagetap recently announced a $6.8 million seed round led by NFX, with participation from Uncorrelated Ventures, Emergent Ventures, and 15 of their customers including Oracle and Dell.
- The company has grown to 5,000 buyers in the last five years with revenue growing 2.7x year over year, and plans to focus on growing its community of technology experts and increasing market visibility in the coming year.