Sagetap Receives $6.8 Million Seed Round

<p><strong>SAN FRANCISCO<&sol;strong> &&num;8211&semi; Sagetap&comma; an AI-driven marketplace matching SaaS buyers and sellers&comma; announced &dollar;6&period;8 million in funding from NFX&comma; Uncorrelated Ventures&comma; Emergent Ventures&comma; and 15 active customers&period; The company is cash-flow positive and says it has grown revenue 3 times Year-over-Year&period;<&sol;p>&NewLine;<p>Built for busy executives overwhelmed with sales outreach from the explosion of B2B software vendors&comma; Sagetap offers AI-powered product recommendations&comma; one-click demo scheduling&comma; and anonymity controls to block unwanted follow-ups&period;<&sol;p>&NewLine;<p>Sagetap maintains a database of the most innovative AI startups by aggregating buying activity from their network of tech executives&comma; partnerships with the VC community&comma; and analyzing thousands of technical demos happening on the platform each month&period;<&sol;p>&NewLine;<p>Their recommendation engine allows tech executives to instantly identify the very best products for new initiatives or upcoming SaaS renewals&comma; ensuring they are selecting the best tools in just a fraction of the time&period;<&sol;p>&NewLine;<p>&OpenCurlyDoubleQuote;Tech buyers are inundated with cold outreach from vendors&comma; while startups building great solutions struggle to get the market awareness they deserve&comma;” explained Sahil Khanna&comma; co-founder and CEO of Sagetap&period; &OpenCurlyDoubleQuote;We have the first online platform that helps tech buyers anonymously discover &&num;038&semi; meet with B2B SaaS startups solving their biggest problems&period;”<&sol;p>&NewLine;<p>According to Gartner&comma; &dollar;1 trillion will be spent on software in 2024&period; With the accessibility of AI&comma; the number of vendors entering the market and the rate of change to these products will drastically accelerate&period; Sagetap is already observing an explosion in AI infrastructure startups and an appetite from buyers to run POCs&period;<&sol;p>&NewLine;<p>Sagetap’s platform is used by thousands of tech executives working on AI Infrastructure&comma; Cybersecurity&comma; DevOps&comma; Cloud &&num;038&semi; Data Infrastructure&period;<&sol;p>&NewLine;<p>Vendors on the platform can pay to set up campaigns to target specific buyers&comma; conduct meetings&comma; and request feedback from buyers&comma; which is provided asynchronously on the platform&period; Vendors on the platform report an average ROI of 3X when looking at closed-won business and their Sagetap spend&period;<&sol;p>&NewLine;<p>The company plans to use the funding to expand its network of tech executives and further develop its product recommendation engine and decision-support tools for buyers&period;<&sol;p>&NewLine;