Monaco, a San Francisco-based provider of automation software for sales work, recently announced a $50 million Series B funding round led by Benchmark. The company equips startups with an AI-powered tool that replaces fragmented legacy systems and helps accelerate revenue growth. Monoco has raised more than $85 million in funding to date.
Its platform combines AI and autonomous agents to support end-to-end sales processes, including client prospecting, demand generation and revenue conversion. Monaco launched from stealth in February and has since brought hundreds of beta customers onto its platform. Backed by its new capital, the company plans to scale its platform and team.
“Since coming out of stealth, we’ve seen strong demand from the most promising startups, who are looking to automate the grunt work of sales,” Sam Blond, Monaco’s founder and CEO, said in a statement. “Customers are seeing real results. This investment is a clear validation of both the momentum and the impact we’re delivering.”
