Drivetrain AI raises $15 million in fresh funding round

Over 25 startup founders, advisors and traders together with the likes of Notion’s Akshay Kothari; Whatfix’s Khadim Batti and Amit Sharma; Chargebee’s Krish Subramanian and Karthik Srinivasan additionally participated within the funding spherical.

The corporate stated on Tuesday that it might use the funds to speed up product improvement and increase its go-to-market group.

It stated it was trying to enhance headcount throughout engineering and product improvement in India, in addition to rent for enterprise improvement features in the US.

Based in 2021 by Alok Goel, Tarkeshwar Thakur, and Saurav Bhagat, Drivetrain AI helps companies gauge their present well being and forecast the long run influence of their actions, permitting them to make higher choices in actual time.

The software program platform additionally helps startups construct built-in plans, budgets and forecasts, monitor their progress towards targets, and establish bottlenecks to development.

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Drivetrain AI integrates with over 200 enterprise instruments together with the likes of Salesforce, Netsuite, Quickbooks, Workday, and Looker.

“Until now software program platforms have supplied a rear-view mirror of what has occurred previously. Drivetrain is a white-box mannequin, which helps enterprises undertake advanced monetary modelling and look into the long run,” Thakur, who can also be its chief know-how officer (CTO), advised ET. “Normally, finance groups jumble future plans over a number of spreadsheets. Drivetrain’s software program is made to assist companies construct these plans on a singular platform and monitor it whereas incorporating mandatory motion.”

Corporations use Drivetrain’s platform to mannequin and forecast numerous elements together with gross sales and income, amongst different elements of the enterprise.

“At current, corporations are utilizing our platform to mannequin their topline, bottomline, annual income run charge. They’re additionally utilizing Drivetrain AI’s platform to know their go-to-market (GTM) funnel to get insights on how their advertising and marketing and gross sales group needs to be behaving,” co-founder Goel advised ET.

Previous to founding Drivetrain AI, Goel was accomplice with Elevation Capital. He has additionally served because the chief govt of cellular funds agency Freecharge.

The startup additionally raised an undisclosed sum in seed funding final 12 months, Goel added.

Drivetrain is at the moment focussing on purchasers in the US and is anticipated to give attention to the UK market within the subsequent six months.

Its clientele at the moment consists of business-to-business (B2B) software program startups, even because it appears to be like to increase its platform throughout direct-to-consumer (D2C), logistics and internet-first manufacturers.