Gong, a revenue intelligence platform that leverages artificial intelligence, went on to acquire an early-stage Israeli sales technology startup, Vayo. Gong’s innovative system that goes beyond traditional CRM specializes in software that examines the complex, cross-platform data and identifies common trends that can help to drive higher revenue, more accurate sales forecasts, and better-trained sales teams.
While Vayo handles data at scale and specializes in data analytics for sales teams, looking at structured data, which is essentially the output of the Gong search process. The acquisition price and details have yet to be made public.
The acquisition comes on the heels of Gong landing a $200 million Series D funding round not even a month ago, which took the company to unicorn status with a $2.2 billion valuation.