Letter AI wants to give sales teams AI superpowers.
TechNexus portfolio company Letter AI raised $10.6 million in a Series A funding. This round, led by Stage 2 Capital and fueled by investments from Northwestern Mutual Future Ventures, Mangusta, Formus, Lightbank, and Y Combinator, among others, marks a huge step for the startup.
Letter AI aims to expedite the knowledge gathering process for go-to-market teams. In a sea of AI algorithms, LetterAI stands apart with its AI-native, unified enablement platform. What started as AI-powered sales coaching and training has transformed into an AI-native content hub that helps teams manage, produce and publish materials. LetterAI offers internal and external benefits. Personalized AI agents help teams find instant solutions across platforms while also keeping buyers engaged in designed sales rooms.
Letter AI has expanded its customer base by 15x in the last year. With customers including Lenovo, Adobe, Novo Nordisk, Plaid, Zip and Kong, Letter AI has broadened its AI efforts across industries. As the company continues to expand, Letter AI added Mark Roberge, the Co-Founder and Managing Director at Stage 2 Capital and founding CRO at HubSpot, to its board.
“When we were approached by Mark Roberge and the Stage 2 team to lead our Series A, we saw the perfect partnership: tapping into the world’s largest and most impressive network of GTM leaders to help us with the next phase of our journey,” Letter AI Founder and CEO Ali Akhtar said in a statement. “What is that phase? To transform enablement from passive to proactive, personalized, and high velocity.”
Letter AI aims to leverage their raise to help make enablement “active.” Identifying a lapse in personalization and speed in AI platforms, Letter AI plans to streamline its process and create even more specialized learning and content. Akhtar projected that, using the Letter AI insights as a guide, teams could be in front of customers more than 80% of the time, compared to the industry average of 30%.
“Looking ahead, our mission is simple: to transform enablement from a traditionally passive exercise into one that’s proactive, personalized, and high velocity. All in a unified, AI-native platform,” Akhtar said.