Tech Company Financing Transactions
StepFunction Funding Round
On 8/31/2022, StepFunction secured $5 million in Seed funding from Dallas Venture Capital, HWVP and Inventus Capital Partners.
Transaction Overview
Company Name
Announced On
8/31/2022
Transaction Type
Venture Equity
Amount
$5,000,000
Round
Seed
Investors
Proceeds Purpose
The company intends to use the funds to expand into new SaaS verticals such as security, information technology, and cloud storage, grow go-to-market capabilities and product development teams globally, tripling in size and revenue by the end of next year.
Company Information
Company Status
Private & Independent
Industry
Software
Mailing Address
4146 Hubbartt Dr
Palo Alto, CA 94306
USA
Palo Alto, CA 94306
USA
Phone
Website
Email Address
Overview
StepFunction is a growth solution for SaaS. All SaaS providers deal with churn and retention issues. Our AI solution: Predicts customers likely to churn, Pinpoints optimal customer targets, Provides proactive warnings, Recommends actions for retention. StepFunction empowers your CSMs to become proactive with growth predictions and action recommendations.
Profile
Social Media
Company News
Facebook
YouTube
Management Team
Title
Name
Email & Social
Chief Executive Officer
Navneet Singh
Co-Founder
Tej Kohli
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