Saturday, April 20, 2024
HomeFunding Scribe Secures $25Million in Series B Round Funding

[Funding alert] Scribe Secures $25Million in Series B Round Funding

Scribe Secures $25million in series B round funding. Redpoint Ventures led the round, which increased the total amount funded to $55 million. New York Life Ventures, Amplify Partners, Tiger Global, and XYZ Ventures also participated.

Scribe Secures $25million in series B round funding. Redpoint Ventures led the round, which increased the total amount funded to $55 million. New York Life Ventures, Amplify Partners, Tiger Global, and XYZ Ventures also participated.

Read also – CA-based Lilac Solutions Secures $145Million in Series C Round Funding

CEO and co-founder Jennifer Smith said “the idea behind the company is pretty simple. There are folks who know how to do stuff like entering leads into the CRM or signing up for a 401(k). Some companies try to keep a Wiki or hold Zoom meetings to share knowledge, but they wanted to make it much easier.”

she said “And then you can share that with anyone who needs to do the process on the other side. So the idea is you’re scaling the expertise that lives in people’s heads and was previously very siloed. And you’re doing that in an automatic way. It’s always in the context in the flow of work,”.

According to Smith, they are cash flow positive and present in 97% of Fortune 500 businesses today. Despite having not yet used the majority of their $22 million Series A, they were nevertheless able to raise money at this time. In an era where numerous businesses are facing difficulties obtaining funding, this is an advantageous position to be in.

Read also – CA-based Freenome Secures $254Million in Funding

About Scribe

With Scribe, you can save over 20 hours each month on training, explanation, and “quick” inquiry responses. Scribe automatically creates detailed instructions using text and screenshots. Don’t waste any more time sharing what you know. Everybody is an expert, in their opinion. There are go-to individuals on every team who know exactly how to carry out every procedure.

Read also – CA-based Point2 Technology Secures Additional $22.6Million in Series B Round Funding

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