Nooks customers today see a 2-3x boost in
sales pipeline from calls and Nooks claims it will make the sales
reps of tomorrow 10x as productive. Its 4x revenue growth in 2023
indicates strong demand from sales teams.
SAN
FRANCISCO, April 24, 2024 /PRNewswire/ -- Nooks,
the fastest-growing AI dialing & prospecting platform,
announced today that it has raised $22M in Series A funding. The round was led by
Lachy Groom with participation from Tola Capital and Stifel
Venture Banking, bringing Nooks total funding to $27M.
"Sales development reps today spend 90% of
their time on manual tasks that can be automated with AI. We're
building Nooks to cut out the busywork and empower reps to focus on
the more strategic parts of selling. The sales reps of tomorrow
will be 10x as productive." - Dan
Lee, CEO of Nooks.
Now that AI can read, write, and even browse the web, the role
of the inside sales rep is evolving. Especially for those focused
on lead generation like sales development reps (SDRs) who spend the
vast majority of their time on manual activities like writing
emails, making calls, and researching leads rather than selling.
While some believe the job will be fully automated, Nooks claims
that teams leveraging AI tools can actually make selling more
human.
"Sales development reps today spend 90% of their time on manual
tasks that can be automated with AI," said Dan Lee, CEO of Nooks. "We're building Nooks to
cut out the busywork and empower reps to focus on the more
strategic parts of selling, creating better experiences for sales
teams and for their prospects. The sales reps of tomorrow will have
prospecting superpowers and will be 10x as productive."
Nooks is the all-in-one platform for sales teams prospecting
over the phone.
- Nooks' flagship product, the AI Dialer, automates manual tasks
like skipping ringing and answering machines, logging calls, and
taking notes. The AI Research feature analyzes data from emails,
calls, closed lost notes, marketing campaigns, and LinkedIn to help
reps personalize their call scripts and identify high-intent
leads.
- Nooks Numbers uses AI to automatically identify prospects with
inaccurate phone data and finds new phone numbers by searching
across data providers like Apollo, Cognism, and ZoomInfo.
- Nooks Call Analytics transcribes and analyzes calls to help
teams answer questions like "what objections are we getting stuck
on", and "which call scripts are working best."
- Nooks Virtual Salesfloor provides a Zoom-like environment that
helps remote, hybrid, and distributed sales teams do live
call-coaching and collaborate throughout the day.
- Nooks also recently released an 'AI Training' feature that
helps reps practice selling to a realistic AI buyer persona. This
is available to try for free on their website.
"Our team couldn't imagine working without Nooks," said
Hannah Wilson, SVP of Sales at
Modern Health. "Soon after implementing Nooks we saw a 5x increase
in sales pipeline via live calling. Our sales leaders rely on the
analytics and virtual sales floor to level up the team, and
everyone who uses Nooks agrees that it not only boosts
productivity, but it's also a lot of fun. As an early Nooks
customer, I've loved seeing their dedication to customers and rapid
innovation."
"With their 4x year-over-year growth, Nooks is one of the
fastest growing companies in my portfolio," said lead investor
Lachy Groom who has also invested in companies like Figma, Notion,
and Ramp. "They have this unique combination of insane customer
love & engagement, a world-class team shipping product at
breakneck pace, and market timing - there's a huge opportunity to
build the next-gen sales stack."
Nooks works with B2B tech companies who have an outbound calling
motion. It has deep integrations with popular sales tools like
Outreach, Salesloft, Apollo, Gong, Hubspot and Salesforce. Nooks
users include SDRs and account executives (AEs) who self-source
pipeline, as well as sales leaders who train and enable their
teams. Reps typically see 2-3x productivity improvements within
weeks of adopting the platform, and Nooks says this fast ROI and
its free trial has fueled the tremendous growth. Due to its
strong value proposition, product breadth and rapid innovation,
Nooks is well-positioned to redefine the role of the inside sales
rep and drive unprecedented gains in sales productivity.
To learn more about Nooks, visit Nooks.ai
About Nooks
Nooks is the all-in-one platform bringing cutting-edge AI tools
to sales teams prospecting over the phone. Nooks has helped
thousands of reps hit quota, saved customers hundreds of thousands
of hours, and powered hundreds of millions of dollars in
pipeline. It multiplies sales productivity by automating
manual call tasks, providing strategic insights, and up-skilling
reps with AI training & collaboration. Nooks is rapidly
expanding its product suite to redefine the role of the inside
sales rep and drive unprecedented gains in sales productivity.
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SOURCE Nooks