Rox Raises $100 Million at $1.3 Billion Valuation
Rox raised $100 million in Series B funding at a $1.3 billion valuation, according to Tech Funding News. General Catalyst and March Capital led the round, with participation from Sequoia Capital, Factory, Databricks Ventures and Prosperity7 Ventures.
Founded in 2024, Rox builds AI agents that help enterprise sales teams find prospects, generate pipeline, manage deals and expand customer accounts. The agents use each customer's data warehouse and work within its existing software.
Rox says its annual recurring revenue grew more than tenfold during its first year in the market. The company plans to use the funding for AI research, custom models and evaluation infrastructure, while expanding across healthcare, industrial, financial services, energy and technology.
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