# Tact.ai Technologies

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/tact-ai-technologies

- Industry: Software
- Headquarters: Sunnyvale, US
- Website: www.tact.ai
- Total disclosed funding: $53M
- Latest round: Series C (Jun 25, 2018)
- Investors on record: 7

## About

Tact.ai Technologies, Inc. develops advanced artificial intelligence solutions aimed at enhancing sales processes and customer relationship management for enterprises across various sectors.Founded in 2012, Tact.ai Technologies, Inc. is based in Sunnyvale, US, and specializes in AI-driven sales solutions. The company has undergone strategic pivots to focus on digital sales assistance. Co-founded by Alexander van Someren, Chuck Ganapathi, Job van Gerwen, Josh Kornfeld, Richard Hirschhuber, and Tim Leunissen, Tact.ai has secured a total of USD 33.00 mn through various funding rounds, with the most recent round in March 2022 attracting investments from Eli Lilly & Company, M12, McKesson Ventures, Salesforce Ventures, and dRx Capital.Tact.ai specializes in artificial intelligence solutions designed to enhance sales and customer relationship management processes. Their core product offerings include a digital sales assistant that integrates with existing CRM systems to streamline workflows and improve productivity. This assistant uses natural language processing to facilitate communication between sales representatives and clients, ultimately aiming to reduce administrative burdens and increase sales effectiveness. Tact.ai primarily serves enterprises within the technology, pharmaceuticals, and consumer goods sectors, focusing on large sales teams that benefit from enhanced data accessibility and actionable insights. The company markets its solutions across North America, Europe, and parts of Asia, targeting organizations seeking to leverage AI for competitive advantage in customer engagement.Tact.ai generates revenue through a subscription-based model, where clients pay recurring fees for access to their AI-driven sales tools and analytics. Partnerships and direct B2B transactions are integral to their revenue structure, allowing companies to integrate Tact.ai's offerings into their existing frameworks seamlessly. Flagship products, including their AI sales assistant, are typically offered under tiered pricing plans that cater to varying levels of service and usage, providing flexibility based on client needs, which can include additional features or support. These pricing structures help facilitate predictable cash flows and long-term client relationships, driving sustained engagement and value realization for users.In March 2022, Tact.ai Technologies, Inc. raised USD 33.00 mn in funding, which will be utilized to accelerate expansion with leading pharmaceutical companies and to develop its engagement platform. The company is actively planning to launch new AI products designed to enhance sales engagement processes by the end of 2023. Tact.ai also aims to expand its market presence into additional regions, specifically targeting Europe and parts of Asia, within the next two years.

## Funding rounds

- Series C, Jun 25, 2018, $27M — Accel, Redpoint Ventures, Upfront, Comcast Ventures, M12, Salesforce Ventures, Amazon
- Series B, Nov 22, 2016, $15M — Accel, Redpoint Ventures, Upfront, M12
- Series A, Mar 25, 2014, $11M — Accel, Redpoint Ventures

## Investors

- Accel (https://capitalatlas.ai/funds/accel) — Series A, Series B, Series C
- Redpoint Ventures (https://capitalatlas.ai/funds/redpoint-ventures) — Series A, Series B, Series C
- Upfront (https://capitalatlas.ai/funds/upfront) — Series B, Series C
- M12 (https://capitalatlas.ai/funds/m12) — Series B, Series C
- Comcast Ventures (https://capitalatlas.ai/funds/comcast-ventures) — Series C
- Salesforce Ventures (https://capitalatlas.ai/funds/salesforce-ventures) — Series C
- Amazon (https://capitalatlas.ai/funds/amazon) — Series C