Aviso, a US-based developer of predictive insights software for sales teams, secured $15m in series B funding from investors including Bloomberg Beta, the early-stage investment arm of media company Bloomberg.
Venture capital firms Scale Venture Partners and Next World Capital co-led the round, which also included Shasta Ventures, First Round Capital, and Cowboy Ventures.
Founded in 2011, Aviso has created a cloud-based platform that combines machine learning algorithms and portfolio management techniques to automate sales forecasting through predictive insights.
The series B capital will support an increase in Aviso’s sales, marketing and customer success staff.
KV Rao, Aviso’s founder and chief executive, said: “Sales organisations need an effective decision-support system that empowers them to make the best possible decision, given all the available information.
“We enable business leaders to trust their judgment and experience while taking into account the risks and trade-offs, enabling them to make decisions with confidence to consistently hit or exceed their revenue goals.”
The round follows an $8m Shasta Ventures-led series A round in April 2014 that also featured Bloomberg Beta, First Round, Cowboy Ventures and several angel investors.