SquadStack, a firm that builds sales acceleration stacks for businesses announced on Tuesday that it has raised $5 Million from Chiratae Ventures and existing investors Blume Ventures in series A funding. Based in San Francisco and New Delhi, SquadStack intends to utilize the fresh capital to onboard top product, engineering, and data science talent in India. Additionally the company will accelerate product development with an emphasis on data science and AI.

“We’re grateful to everyone who believed in our mission to create the ultimate sales acceleration

and funnel efficiency stack for businesses around the world,” said Apurv Agrawal, Founder & CEO, SquadStack in a statement.

Founded in 2014 SquadStack leverages technology and data science to help consumer businesses across industries such as real estate, healthcare, education and financial services improve their sales conversions. The firm has developed a trifecta of products; Auctum, business management solution for real estate teams in the US, ClassifyIt, an intelligent data classification & workflow automation tool; and SquadIQ, a lead outreach & engagement platform for digital consumer companies.

“In today’s competitive business environment, organisations need a sales acceleration platform and analytics throughout the sales cycle. SquadStack is helping consumer companies across industries solve the principle challenge to turn prospects into customers faster and more profitably,” said Venkatesh Peddi, Executive Director, Chiratae Ventures.

Going forward SquadStack will focus on building the tech platform of choice for sales and fulfilment teams. The company aims to grow 10X in the next two years and drive adoption & engagement for its products across geographies.

The company had raised $2.1 Million in 2017 from Blume Ventures, S. Gopalakrishnan & SD Shibulal, co-founders of Infosys and seed fund Axilor Ventures, among other investors.