Autobound, a San Francisco-based startup that offers a software solution to increase email reply rate by generating individually personalized sales emails using artificial intelligence (AI), has generated $4 million in a funding round.
Dundee VC led the funding round, and other prominent players in the CRM and AI space participated including AIX Ventures, Richard Socher (You.com), Henry Schuck (Zoominfo), Simon Chan (Prediction.io), Sam Guttman (OwnBackup), Tadeusz Witkowicz and the USC Marshall Venture Fund.
“Until now, writing high quality, personalized sales emails has been difficult for every seller out there,” said Autobound co-founder and CEO Daniel Wiener. “Sellers often resort to quantity over quality, which is a problem if they’re representing your company’s brand. Now that spray and pray methods are so widespread, the bar of what’s required to generate an email reply is higher than ever. Autobound’s AI suggests hyper-personalized content to the specific individual you’re reaching out to. Think ChatGPT, but for sales emails. We’re making it simple for any seller to write an A+ sales email instantly, so they can focus on revenue-producing activities like actually talking to buyers.”
Autobound plans to use the funding to accelerate product development and to scale their marketing, design, and machine learning functions. Autobound is currently offering their product for free but will be launching a premium offering soon. Sellers from more than 250 companies including Zoominfo, UserZoom, Outreach, Workato, SailPoint, OnTop, and GoLinks are already using the system.
