BrightFunnel announced today that it has raised $6 million in Series A funding.
The startup offers attribution tools to track the sales impact of customers’ marketing efforts, and it also predicts the future impact of upcoming campaigns. CEO Nadim Hossain said this data is particularly important as “marketing is eating sales.”
In other words, marketing was traditionally the first step in the process, and then potential customers were handed over to the sales team. Nowadays, marketing continues throughout — in fact, BrightFunnel has found that 47 percent of marketing “touches” occur during the sales cycle.
In the past, Hossain has said his goal is to build “the Google self-driving car for marketers.” He said BrightFunnel hasn’t gotten there yet, but it’s giving marketers “that basic data-driven map get from Point A to point B.”
“The way you might optimize a route using Google Maps, we can help you optimize the path to revenue,” he added.
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BrightFunnel says its revenue has been growing 14 or 15 percent each month, and that its customers include Cloudera, Five9 and New Relic.
The Series A was led by Crosslink Capital, with participation from Salesforce Ventures and previous investors Bloomberg Beta, Karlin Ventures and Resolute Ventures. BrightFunnel has now raised nearly $10 million in funding.
FEATURED IMAGE: BRIGHTFUNNEL
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