Factors.ai raises $3.6M in funding led by Stellaris Venture Partners

Factors.ai, a B2B analytics software provider, has raised $3.6 million in funding led by Stellaris Venture Partners. The round also saw participation from returning investors Elevation Capital and Emergent Ventures. Angel investors such as Vetri Vellore, founder of Microsoft-acquired Ally.io, Sreedhar Peddineni, co-founder and chief executive of GTM Buddy, and Khadim Batti, cofounder and CEO of Whatfix, also contributed to the funding.

Factors.ai was founded in 2020 by Srikrishna Swaminathan and Karthik Balakrishnan. The company provides a platform that helps B2B sales teams to target the right accounts and measure the impact of their marketing campaigns. Factors.ai’s platform uses data science and machine learning to analyze customer data and provide insights into which accounts are most likely to convert.

The funding from Stellaris Venture Partners will be used to accelerate Factors.ai’s growth. The company plans to use the funds to hire more employees, expand its product offerings, and enter new markets.

In a statement, Srikrishna Swaminathan said: “We are excited to partner with Stellaris Venture Partners. This funding will help us accelerate our growth and make Factors.ai the leading B2B analytics platform in the world.”

Stellaris Venture Partners is a venture capital firm that invests in early-stage technology companies. The firm has over $1 billion in assets under management and has invested in over 100 companies.

The investment in Factors.ai is a sign of the growing interest in the B2B analytics space. The B2B analytics market is expected to grow to $20 billion by 2025, and Factors.ai is well-positioned to capitalize on this growth.

Here are some additional details about the funding:

• The round was led by Stellaris Venture Partners.
• Other investors in the round include Elevation Capital, Emergent Ventures, Vetri Vellore, Sreedhar Peddineni, and Khadim Batti.
• The funding will be used to accelerate Factors.ai’s growth.
• The company plans to hire more employees, expand its product offerings, and enter new markets.