Premji Invest co-leads Outreach’s $200 million round – Times of India

BENGALURU: Sales engagement platform provider Outreach has closed a $200-million funding round co-led by new investors Premji Invest and Steadfast Capital Ventures. The funding values Outreach at over $4.4 billion. It has raised $489 million so far.
Outreach integrates sales engagement, conversation intelligence and revenue intelligence into one platform. It counts Adobe, Tableau, Okta, Splunk, DocuSign and SAP as customers. Outreach has more than 800 employees globally, and has added two new global offices in London and Prague to its US locations in Seattle and San Francisco.
“The bets we made years ago, including significant investments in artificial intelligence combined with prospecting, closing and customer success capabilities integrated into one platform, are what revenue organisations need right now. We continue to lead and expand the vision for sales engagement,” said Manny Medina, CEO and co-founder of Outreach.
Sandesh Patnam, managing partner of Premji Invest and now a board member at Outreach, said, “We are confident that the company’s AIdriven sales engagement and intelligence platform that enables enterprise revenue teams to excel and thrive will continue to increase its momentum in the long term.”
In the latest round, there are other new investors including Tiger Global, Sequoia Capital Global Equities and Vista Public Strategies. Existing investors, including Salesforce Ventures, Lone Pine Capital, Sands Capital, Mayfield Fund, DFJ Growth, and Trinity Ventures also participated in the round.