Fresh off $200 million mega-round, Gong upgrades its AI capabilities with acquisition of Vayo
“Deal Intelligence has taken our customer base by storm, with more than 70% of our customers now set up to close more deals faster,” says Gong CEO
Three weeks after it completed a $200 million round that granted it unicorn status with a $2.2 billion valuation, Israeli company Gong.io Ltd. announced Tuesday that it has acquired Vayo, an Israel-based startup specializing in data analytics for sales teams. Vayo, which was founded in 2018 by Avshi Avital and Yarin Benado, has raised a total of $1.7 million and employs five people. The whole team will join Gong in the wake of the acquisition.
Gong’s revenue intelligence platform accurately captures the full range of interactions between a sales organization and its customers, including emails, web conferences, and more. Based on the collected data, Gong provides AI-driven insights to drive higher revenue, more accurate sales forecasts and better training for sales teams.
“Deal Intelligence has taken our customer base by storm, with more than 70% of our customers now set up to close more deals faster,” Gong CEO, Amit Bendov said. “It was only natural that we look for ways to accelerate the product roadmap delivery and Vayo’s technology helps us do exactly that. Our customers can expect upcoming product launches to contain even more delightful surprises to help them manage their deal pipeline and increase win rates. Stay tuned, because we are just getting started.”