Jake Fichman
Founder of Goldfish Marketing Agency | Government Media Advisor

$2.2 billion valuation | Israeli founded Gong

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The Israeli start-up world is applauding another graduate this quarter, GONG. In less than 18 months, this US-Israeli AI startup scored  $305 million in funding. Just this past December the company raised $65 million, followed by another $200 million in recent months. Even more impressive than these speedy rounds of fundraising is the valuation of this young Israeli startup – $2.2 billion.

GONG’s software claims to help companies make better decisions as it automatically captures the full range of a company’s interactions with customers – via emails, web conference calls, phone calls, and more – reducing the risk of incomplete or data.  GONG then uses patented AI technology to understand what exactly is being said in these customer interactions.

The goal is simple, but the methods are complex. GONG spokesperson explains that its value is in its ability to “help companies uncover patterns and trends in the data, leading to insights that can help increase sales, reduce churn, and increase market share.”

Israeli co-founders Amit Bendov (CEO) and Eilon Reshef (CPO) have led GONG on a hyper-growth trajectory:

  • A rapidly-expanding customer base, currently over 1,100, including such names as  Autodesk, Hubspot, LinkedIn, MuleSoft, Outreach, PayPal, Shopify, Slack, Twilio, Zillow, and Zoominfo
  • Over 64,000 sales and support professionals using the platform
  • The recently launched Deal Intelligence module, providing sales professionals with unprecedented deal pipeline visibility and alerts on deals requiring intervention

The latest funding was led by Coatue and joined by Index Ventures, Salesforce Ventures and Thrive Capital, with participation from existing investors Battery Ventures, NextWorld Capital, Norwest Venture Partners, Sequoia Capital and Wing Venture Capital.

This US-Israeli company is certainly one to keep an eye on. It continues to move the industry forward in the areas of AI and customer service, empowering brands and businesses to optimize their operations. GONG is another success story of great Israeli companies that helps others to make better decisions, and ultimately become more profitable. This is a recipe for success.

About the Author
Jake Fichman, a professional in the field of international communications and strategic messaging, holds positions as the Founder and CEO of Goldfish Marketing Agency and serves as International Media Advisor to the Prime Minister's Office in Israel. Making Aliyah from the United States in 2013 as a lone soldier, Jake's expertise centers on digital marketing, branding, website development, and performance advertising cross borders and cultural boundaries. As the Founder and CEO of Goldfish Marketing Agency, Jake has established an award-winning agency that excels in providing comprehensive marketing solutions. Under his guidance, the firm has garnered acclaim for its innovative approaches, driving the success of diverse clientele on both domestic and global scales.
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