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Investments

5

Portfolio Exits

2

About Peter Kazanjy

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Latest Peter Kazanjy News

Sales management platform Atrium raises $13.5M to surface insights with AI

Apr 14, 2021

Learn how your company's culture can either advance or totally sabotage your company goals. Atrium today revealed it has raised $13.5 million in seed funding to drive the adoption of a sales management platform that leverages AI to surface issues and opportunities of specific interest to sales managers. While most organizations already have a customer relationship manager (CRM) application in place, Atrium is making a case for a software-as-a-service (SaaS) platform that combines data from CRM applications with other applications to enable sales managers to closely track actual levels of customer engagement. For example, if a deal is expected to close in the current quarter but there have been no communications with the customer via email or any other medium, analytics software infused with machine learning algorithms will issue an alert, company cofounder and chief revenue officer Peter Kazanjy told VentureBeat. Armed with that insight, it then becomes possible for sales managers to more proactively intervene when necessary, Kazanjy added. Tracking and forecasting Sales managers can track a library of key performance indicators (KPIs) using a diagnostic tool that identifies the root causes for sales issues. These might range from consistently poor sales pipeline management to a customer’s tendency to not sign a contract until the very last week of the quarter in the hopes of maximizing discounts and other concessions. The challenge sales managers face today is not so much gaining access to data as it is making sense of it all to identify issues impacting the sales pipeline, Kazanjy said. Much of that data, however, resides in indecipherable dashboards that in some cases conflict with one another, Kasanjy added. “Sales managers today are awash in data,” he said. Atrium claims more than 100 organizations are now using its platform as an alternative to dashboards in other sales applications that lack the context sales managers require. Customers include Salesloft, Chorus, and LaunchDarkly. Atrium also hosts a Modern Sales Pros online community made up of more than 20,000 sales representatives that work for more than 7,000 companies worldwide. The seed round of funding is being provided by Bonfire Ventures, Charles River Ventures, and Bullpen Capital. Data-driven sales Sales management for much of that past decade has been slowly evolving to become a more data-driven science . Organizations of all sizes are being required to predict revenue flows more accurately, which Kazanjy noted requires more visibility into the sales pipeline. The level of forecasting accuracy is made is now viewed as an indicator of the degree to which a sales manager is on top of events occurring within their territory. Sometimes those events are beyond the control of any sales team. In other instances, however, a salesperson may be deliberately under-forecasting sales opportunities to lower their sales quotas, otherwise known as “sandbagging.” Regardless of the motivation, the sales manager is usually held more accountable to sales forecasts than an individual sales representative. Whatever the reason, sales managers today are being held to a higher standard than ever at a time when the signal-to-noise ratio within sales pipelines has never been greater. It’s simply too difficult for the average sales manager to make sense of all that input without the aid of an application platform created for that specific purpose, Kazanjy said. Ultimately, turnover in a sales team is bad for business. It takes an average of six months or more to bring a new sales representative up to speed on their accounts. The primary goal for investing in sales software should be to minimize that turnover as much as possible by surfacing the insights a sales manager needs to make a course correction while there’s still enough time to make a meaningful difference. VentureBeat VentureBeat's mission is to be a digital town square for technical decision-makers to gain knowledge about transformative technology and transact.Our site delivers essential information on data technologies and strategies to guide you as you lead your organizations. We invite you to become a member of our community, to access: up-to-date information on the subjects of interest to you our newsletters networking features, and more

Peter Kazanjy Investments

5 Investments

Peter Kazanjy has made 5 investments. Their latest investment was in Palette as part of their Seed VC on May 5, 2022.

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Peter Kazanjy Investments Activity

investments chart

Date

Round

Company

Amount

New?

Co-Investors

Sources

5/18/2022

Seed VC

Palette

$6M

Yes

1

1/3/2022

Series A

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$99M

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10

5/8/2015

Seed VC - II

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$99M

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10

11/12/2014

Seed VC

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$99M

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10

Other Investors

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0

Date

5/18/2022

1/3/2022

5/8/2015

11/12/2014

Round

Seed VC

Series A

Seed VC - II

Seed VC

Other Investors

Company

Palette

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Amount

$6M

$99M

$99M

$99M

New?

Yes

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Co-Investors

Sources

1

10

10

10

0

Peter Kazanjy Portfolio Exits

2 Portfolio Exits

Peter Kazanjy has 2 portfolio exits. Their latest portfolio exit was Lawn Love on August 03, 2021.

Date

Exit

Companies

Valuation
Valuations are submitted by companies, mined from state filings or news, provided by VentureSource, or based on a comparables valuation model.

Acquirer

Sources

8/3/2021

Acquired

$99M

2

7/16/2016

Acq - Talent

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$99M

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10

Date

8/3/2021

7/16/2016

Exit

Acquired

Acq - Talent

Companies

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Valuation

$99M

$99M

Acquirer

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Sources

2

10

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