OrbitShift Secures $7 Million in Funding from Peak XV&#8217;s Surge and Stellaris Venture Partners
OrbitShift, a startup that harnesses the power of AI for sales intelligence, has secured $7 million in a seed funding round. The round was led by Peak XV Partners’ Surge scale-up program and Stellaris Venture Partners With the newly raised funds, OrbitShift aims to boost its investments to grow its footprint and customer base in the US. Additionally, the company intends to invest in its technology and product teams to diversify its product portfolio. “We are at an interesting juncture, where we have seen phenomenal traction over the last 18 months with some of the leaders in the industry being our clients,” told OrbitShift co-founder and chief executive Saurabh Mishra. Established in 2022, OrbitShift serves as a comprehensive platform designed to enable the entire sales ecosystem, encompassing pre-sales, sales operations, and marketing insights for technology and IT services firms. The platform utilizes specialized models and extensive language models, primarily catering to large enterprise clients with user bases in the US, European Union, and Asia Pacific regions The recent funding marks OrbitShift’s second institutional funding round, having previously raised $1.5 million in pre-seed funding in 2023 from Stellaris Venture Partners and other angel investors. This brings the total amount of funds raised by the company to $8.5 million. “The OrbitShift team is targeting some of the largest businesses in the world and there is no doubt that AI can make a massive impact on them and therefore on their customers,” said Alok Goyal, partner at Stellaris Venture Partners. “But you need to meet a bar for accuracy which is very high and building a product and the underlying technology stack for that is therefore non-trivial and costs money,” he said. OrbitShift follows a subscription-based pricing model, where clients are charged according to the length of the deal and various factors such as the number of users and accounts created According to the company, OrbitShift’s platform can decrease research and sales planning time for enterprise clients by 40-50%, thereby expediting tasks such as client outreach, generating high-quality responses, and creating content for client meetings. This, in turn, leads to improved productivity and stronger client relationships. “We believe that pretty much every enterprise process that we know of will be rethought or will be reimagined and therefore, we are massive believers of a lot of new great enterprise application startups being created,” Goyal added. Peak XV Partners’ scale-up program for early-stage startups, Surge, has made its ninth investment in OrbitShift. Surge’s previous investments in the deeptech manufacturing and AI space include Ethereal Machines, ZeroK, Australia-based Relevance AI, and Singapore’s Pix.ai
OrbitShift aims to boost its investments to grow its footprint and customer base in the US.
OrbitShift aims to boost its investments to grow its footprint and customer base in the US.
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