Bengaluru-based MeetRecord, a pioneer in revenue automation, has successfully raised $2.7 million in a pre-series A funding round led by SWC Global, a prominent venture capital firm based in Singapore. All In Capital, an existing investor, also participated in this funding round, showcasing confidence in MeetRecord’s innovative approach.
Founded in 2021, MeetRecord specializes in AI-powered analysis of communication data from emails and calls, specifically tailored for service sector businesses. This B2B SaaS platform offers comprehensive insights into conversation dynamics, enabling sales teams to optimize their strategies effectively.
The platform’s capabilities include automated call-scoring systems and AI-driven coaching programs aimed at enhancing sales conversion rates and operational efficiency.
Snehal Nimje, CEO and cofounder of MeetRecord, emphasized about a critical gap in the market where existing tools oversimplify or complicate operations and how their finely tuned AI solutions are uniquely designed for the service sector.
The funding will be pivotal in further developing MeetRecord’s technology and expanding its client base. Currently serving 36 clients primarily in the United States and Europe, MeetRecord aims to scale its operations significantly. Key clients include prominent names like Top Dog Law and Gym Launch, underscoring the platform’s relevance and impact across different service industries.
With an annual recurring revenue (ARR) of $250,000, MeetRecord forecasts ambitious growth, targeting an ARR of $1 million by year-end. This growth trajectory aligns with the rising demand for conversation intelligence tools aimed at enhancing sales effectiveness.
Tuck Lye Koh, founding partner at SWC Global, expressed confidence in MeetRecord’s potential. The infusion of funds will enable MeetRecord to strengthen its market position, accelerate product innovation, and cater more comprehensively to the evolving needs of service sector businesses worldwide.