“I love receiving spam - I want more of it” said no one ever. With
the advent of Gen AI tools that are capable of sending thousands of
spam messages with cleverly crafted subject lines in seconds, spam
is no longer just a consumer problem; it has infiltrated the
business world. Business leaders and top executives saw a stark
increase in cold outreach attempts over the last year, receiving on
average 80+ cold emails per week, with a less than 1% success rate.
The problem has escalated from worse to unimaginable.
Addressing the challenge, AI-startup Vieu today announced a $11m
funding round to scale its AI-powered trusted business network with
a singular goal: to fast-track enterprise sales. This follows a
period of hypergrowth; over the past 12 months, customer and
revenue numbers have more than tripled, including several marquee
publicly listed organizations. The seed round was led by
Trilogy Equity Partners with participation from Incubate Fund and
Vela Partners. In addition to the institutional investors, 44 angel
investors, including prominent founders, CEOs, and sales leaders
from the enterprise software industry, have also invested in this
round.
Vieu founders: Simon Skaria and Samir Manjure
As more VC-backed companies chase efficient growth, there’s been
a significant cut back on acquisition spending. With smaller
budgets and failing legacy techniques and tools, sales leaders are
trying to build robust pipelines to meet topline targets. In an era
of constrained sales budgets, Vieu brings a unique and fresh
perspective to the world of enterprise sales - an approach based on
trust, building meaningful relationships, and adding value from the
first touch point with the customer. Vieu is a first-of-its-kind
AI-powered business network that replaces outdated “spray and pray”
cold outbound methods, offering a novel way to get connected to the
buying committee at scale and truly fast-tracking your enterprise
pursuits at scale.
Vieu’s founder and CEO, Samir Manjure, said: “It’s a
‘sales pandemic’. What worked in the last decade to get into new
accounts is no longer working for enterprise sellers. Today’s sales
teams are buried under a blanket of sales acceleration tools but
none that solve for building trust with customers. Our mission is
to help salespeople get to the first business meeting faster
without dozens of cold calls or emails, while building trust with
the buyer in the process. The ability to secure trust, leverage
networks, and land business meetings with the buying committee is
just the beginning; we’re creating a real business network.”
Illustrated: Vieu's AI Sales Graph
According to Salesforce’s State of Sales Report 2024, sellers
spend 70 percent of their time on non-selling tasks - 26 percent on
the prioritization of opportunities, preparation and planning, and
researching prospects. Vieu helps enterprise sellers save time by
providing a consistent, qualified pipeline of potential clients. It
creates hyper-personalized account handbooks for every opportunity,
identifies key stakeholders and buying committee members, and
constructs detailed buying committees. This eliminates data chaos
by building easy-to-use account plans for sellers to secure
meetings with key stakeholders.
Behind Vieu’s deceptively simple experience are multiple
technological breakthroughs. Simon Skaria, Vieu’s founder
and CTO, explains, “Two secular trends are playing out in the
market. First, buyers are getting ROI conscious on investments like
6Sense, ZoomInfo, LinkedIn Sales Navigator, & Outreach. Second,
LLMs have become 100X more effective, affording us superpowers to
mint gold from our proprietary data sources. The result is an
all-in-one business graph that disrupts incumbents built on
list-based declarative tools towards our graph-based semantic
platform.”
Samir Manjure and Simon Skaria, both veterans from
Microsoft, have deep expertise in the enterprise software
and startup ecosystem. They were inspired to build Vieu after
meeting nearly 100 sales leaders, who revealed that their teams
were using a dozen different tools, yet after half a year of
pursuing accounts, many were still dissatisfied with their
enterprise efforts and failing to meet their quotas.
“I experienced this problem firsthand while building my previous
company. How do I create a steady pipeline and how to convert them
efficiently to topline impact? 9 out of every 10 business leaders
in my network echo this concern. The current strategies and legacy
tools that relied heavily on outreach via email, cold calls, or
LinkedIn are no longer working,” added Samir Manjure.
"Vieu’s trust-driven approach is delivering results that cold
outreach simply can't match. We're seeing our customers secure
first meetings with target enterprise customers five times faster,
while increasing their sales team productivity threefold. This is
what's possible when you replace old legacy spray-and-pray methods
with trusted introductions from the Vieu Network”.
Vieu’s customers seem to agree. Sandeep Menon, CEO of
Auxia, an AI platform for B2C Growth, says, “If you need true
revenue, you need a top-down Enterprise Sales motion. For top-down
high-value Enterprise GTM, there is no better tool than Vieu. Auxia
has more than tripled our revenue in about 3 quarters, and Vieu has
been instrumental to that growth. My team gets to focus on building
and selling, and not deploying and operating sales tools. That's
the value".
Vieu’s rise coincides with the increasing complexity of B2B
buying processes and growing resistance to unsolicited pitches. Its
AI-powered solution provides a scalable approach to building trust
in enterprise sales at a time when purchasing decisions involve
multiple stakeholders and demand more personalized, value-driven
engagement.
“With legacy tools and techniques proving obsolete, the GTM
& sales tech landscape is undergoing a significant
transformation and is ripe for disruption. While we explored
multiple start-ups solving for this space, we strongly believe that
Vieu is solving for the right problem at the right time with the
right approach,” said Chuck Stonecipher, Managing Director at
Trilogy Equity Partners. “Enterprise deals need a warm and
informed approach. We believe that the B2B sales will move more
towards the Vieu way of selling, one that’s driven by trusted
relationships.”
Vieu's ultimate goal is to fuse its trusted business network
with CRM capabilities, creating an unprecedented ecosystem for B2B
relationships. "Our vision is to make Vieu the go-to platform
where trust is cultivated, leveraged, and transformed into
meaningful business relationships and opportunities." says
Samir Manjure.
Ends
Notes to the editorMedia images can be found
here.
About VieuCofounded by Samir Manjure and Simon Skaria,
Vieu uplevels every sales pursuit into faster, bigger strategic
wins. Samir previously was founder and CEO of KenSci (acquired by
Providence Group) and has held various positions at Microsoft for
over 17 years. Simon has founded and sold 2 startups previously –
Albits (acquired by ICICI), and Office365Mon (acquired by ZScaler)
and has also held various positions at Microsoft for 16
years.
About Trilogy Equity PartnersTrilogy Equity
Partners is a Bellevue, Washington-based early-stage venture
capital firm led by former entrepreneurs and operators. With a
17-year founder-first track record, we take a long-term approach to
helping entrepreneurs build extraordinary businesses. For more
information, please visit www.vieu.com or follow Vieu on
LinkedIn
For further information please contact the Vieu press office: Bilal Mahmood on b.mahmood@stockwoodstrategy.com or +44 (0) 771 400 7257.