AI sales company Rox closes $100 million Series B funding, reaching a valuation of $1.3 billion.

November 11 - AI sales company Rox has completed a $100 million Series B funding round, reaching a valuation of $1.3 billion. The round was co-led by General Catalyst and March Capital, with continued participation from Sequoia and GV, and new investor Prosperity7 joining. Rox develops AI agents for sales scenarios, used to research customer accounts, determine priority follow-up targets, and prepare outreach content, aiming to reduce administrative work for salespeople and shift customer relationship management from information storage to actual execution.

Rox co-founder Ishan Mukherjee previously founded Pixie Labs, which was acquired by New Relic, and served as its Chief Growth Officer. The co-founding team also includes Shriram Sridharan, a founding member of AWS Amazon Aurora, former Google employee Diogo Ribeiro, and Christopher Ré, a professor at Stanford University's AI Lab. Early customers include Ramp, New Relic, Trafigura, MongoDB, and Groq, among others, and the company says annual recurring revenue has grown more than tenfold since its first year of launch. The funds from this round will be used for AI research and product development, with plans to expand the US sales, marketing, and business teams fivefold next year.