Sahil Agarwal, co-founder and CEO of the San Francisco-based company, said, “I think every company in the world should use rattlesnakes.” In other words, there is plenty of market to go after – which helps explain why investors are so eager to support the company. Today it will announce the successful completion of a $ 26 million series funding round that comes just five months after its seed growth.
“We increase the speed at which information flows through your business,” Agarwal said of Rattle. It’s a collaborative platform aimed at eliminating the pain of engaging with traditional enterprise applications like Salesforce. Currently, the company’s sales team wastes valuable time logging in to customer relationship management (CRM) applications to add updates after calls, new prospects news and other interactions with clients.
Given that each of these updates takes 10 or 15 minutes and the process is repeated more than once a day, Agarwal feels that members of the general sales team are wasting four hours a week on these applications. Meanwhile, managers also need to log in to find out where the new leads are sitting or to identify new opportunities.
“What if you could make updates to apps where you’re actually doing those interactions and where teams talk to each other, like Slack and the Microsoft team?” Agarwal asked
For Rawtal, its pitch-platform automatically links CRM and go-to-market applications to the communication tools they actually use to do their job. So, for example, a sales team member who has just spoken to a client on the team can add contemporary notes when calling a company’s CRM system by clicking a button.
“Most companies are trying to be more agile; They are facing increasing competition and so are always looking for ways to make things better and faster, ”Agarwal added. “For companies to be able to accelerate across the board, teams need to come together and work together to accelerate the flow of information and decision-making.”
Businesses that don’t need, of course, another layer of their technology stack that are complex to integrate and challenging to use. However, Rattal argues that its low-code approach makes implementation easier – users can walk in minutes, Agarwal argues. In order to use the application, Rawtal simply integrates into the tools that the team is already accustomed to managing.
Clients are definitely seen enjoying Rattle. Its Series A presentation decks are full of testimonials from customers who point out a 75% reduction in lead response time, saving eight hours per month for the operations team, and a fivefold increase in contract effectiveness and forecasting. .
Moreover, new customers are coming on board at a faster pace. Revenue grew 982% year-on-year – Routledge’s primary market was the United States, but global expansion was a priority. For example, there are already plans to open a UK office
Hence the rapid rate of fundraising. Last year Rattal looked to raise 2. 2.8 million in seed funds, but the business made its fortune on relatively small assets, boasting only nine employees in early 2022. The team now stands at around 20, and Agarwal expects this number to be closer to 100 in 12 months
The financial firepower that is gaining rattles from today’s fundraising will definitely help. The $ 26m Series A round is led by New York-based global venture capital and private equity firm Insight Partners, with the participation of GV and existing investors Sequoia and Lightspeed.
Ganesh Bell, managing director of Insight Partners, is clearly excited about his investment. “Rattle has fundamentally changed how teams work,” he argues. “Rattle integrates our new workplaces, such as Slack and Team, with these clunky legacy applications in a way that supports the modern workforce. It’s really a game-changing solution that will build a fast, smart and happy go-to-market team. “
Really high praise – and Agarwal is keen to capitalize on the enthusiasm of investors and customers alike for the business. “Once you’ve proven that something works, you have to do everything,” he says. “We have a clear idea of what we want to achieve, so we need to accelerate now.”