Reo.Dev has raised $4 Mn in its seed funding round led by Heavybit, with participation from Foster Ventures and existing investor India Quotient.
The startup said in a statement that it will use the fresh capital to double its workforce, set up its first US office, and accelerate product development with a focus on improving revenue conversion for developer-first software companies.
Founded in 2023 by Achintya Gupta, Gaurav Jain, and Piyush Agarwal, Reo.Dev provides an AI-powered revenue intelligence tool for developer-focussed companies. Using AI, the platform analyses developer activity from sources such as GitHub and documentation usage, transforming this data into actionable sales and marketing insights.
Agarwal previously founded edtech startup Scholr, which was later acquired by BYJU'S.
Reo.Dev's offering integrates with common GTM workflows and CRM tools like Salesforce, HubSpot, and Apollo, enabling real-time sales intelligence for developer tool companies.
The startup claims to serve more than 100 companies, including Chainguard, LangChain, N8N, Temporal, Datahub, and Unstructured. It also claims that its clients have tripled new sales opportunities, doubled discovery calls, and achieved a 70% higher ROI on GTM campaigns.
Prior to this, Reo.Dev raised $1.2 Mn in its pre-seed funding round led by India Quotient, with participation from angel investors including Adam Frankl (former VP of marketing at JFrog and Sourcegraph), Savin Goyal (cofounder and CTO of Outerbound), and Shraddha Gupta (executive at Hasura).
The startup also featured in the February 2024 edition of Inc42's flagship '30 Startups To Watch'.
Reo.Dev competes with global account-based marketing, sales intelligence, and data companies such as Demandbase and Postman. In India, it competes with players like The Hustler Collective.
The fundraise comes at a time when enterprise tech startups are actively leveraging AI to offer services. These startups are also seeing a lot of interest from investors.
Earlier this week, legal tech AI startup Lucio raised $5 Mn in its seed round led by DeVC. GreyLabs AI bagged INR 85 Cr in a round led by Elevation Capital to help financial institutions automate customer care operations.