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Reo.Dev raises $4 Mn in seed round led by Heavybit

EntrackrEntrackr · 17d ago
Reo.Dev raises $4 Mn in seed round led by Heavybit
Medial

Reo.Dev, an intent platform designed specifically for developer-first software companies, has raised $4 million in a seed funding round led by Heavybit, with participation from India Quotient and Foster Ventures. The Bengaluru- and San Francisco-based company had previously raised $1.2 million in the same round back in February 2024 from India Quotient and others. The proceeds will be utilized to double its workforce, establish its first U.S. office, and accelerate product development to support the evolving needs of developer-focused companies, Reo.Dev said in a press release. Co-founded in 2023 by Achintya Gupta, Gaurav Jain, and Piyush Agarwal, Reo.Dev is an intent platform built specifically for DevTool and software companies. Its AI-native GTM platform captures and interprets developer signals from GitHub, package installs, docs usage, and more to clear pipeline fog and accelerate sales with technology buyers. According to Reo.Dev, more than 100 developer-first companies, including Chainguard, LangChain, N8N, Temporal, DataHub, and Unstructured, are leveraging it to convert developer activity into actionable intent intelligence. Reo.Dev equips sales, marketing, and RevOps teams with real-time insights into engineering teams actively evaluating products, AI-powered visibility and predictions to identify accounts most likely to convert, and a data-driven approach to building ideal customer profiles. The platform also connects developer-led adoption to top-down buying centers, delivering full visibility into the pipeline, shorter deal cycles, and measurable revenue growth. The startup integrates with existing GTM workflows, including Salesforce, HubSpot, Salesloft, Outreach, and Apollo.

Exclusive: Bobble AI to raise fresh funds at 30% valuation dip

EntrackrEntrackr · 2m ago
Exclusive: Bobble AI to raise fresh funds at 30% valuation dip
Medial

Exclusive: Bobble AI to raise fresh funds at 30% valuation dip Xiaomi-backed Bobble AI is raising $1.5 million or Rs 12.9 crore from its existing backer gaming giant Krafton in its Series D round. The new round seems to be an ongoing one and the firm may mop up more capital. The board at Bobble AI passed a resolution to approve the issue of 600 Series D2 compulsory convertible preference shares at an issue price of Rs 2,14,940 each to raise the aforementioned amount, its regulatory filing accessed from Registrar of Companies (RoC) shows. The proceeds will be used for general corporate purposes. Entrackr estimates the company’s valuation at Rs 834 crore ($98 million), down nearly 30% from its Rs 1,172 crore ($138 million) Series C valuation. Founded in 2012, Bobble.ai provides an AI-powered Indic keyboard supporting over 120 languages, with facial recognition for personalized GIFs and stickers. Integrated with apps like WhatsApp and Facebook, it captures real-time user intent. The company earns through targeted ads, consumer data insights, subscription features, and branded merchandise. According to startup data intelligence platform TheKredible, the Gurugram-based company has raised around $35 million including Rs 206 crore ($26 million) in a mix of primary and secondary capital from Krafton Inc in September 2022. During the round, it acquired a 12.34% stake from Affle. Following the latest infusion, Krafton will be commanding a 24.84% stake in the 12-year-old company. For the fiscal year ended March 2024, Bobble AI reported a 25% growth in revenue to Rs 37.67 crore. However, its losses also widened by 40% to Rs 60.88 crore in the same period. The firm is yet to report its FY25 numbers. BGMI-maker Krafton recently invested in the social networking platform Shuru and the Sachin Tendulkar-backed JetSynthesys. Its other notable investments include Kuku FM, Cashfree, One Impression, Pratilipi, and Nautilus, among several others.

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