Reo.Dev raises $1.2 million in early stage funding from clutch of investors

Bengaluru, 28 February: Reo.Dev, a revenue intelligence startup,has raised $1.2 million in pre-seed funding, with India Quotient leading the investment round.

In a press release, the company said the funding round also saw participation from notable angel investors including Adam Frankl, ex-VP marketing at JFrog and Sourcegraph, Savin Goyal of Netflix and Outerbounds, and Shraddha Gupta of Hasura.

Reo.Dev is building an AI-powered marketing stack by leveraging AI to analyse developer intent signals sourced from millions of open-source, public, and first-party data. This advanced approach enables companies to accelerate their sales processes and effectively cater to the evolving dynamics of the modern technology market.

The startup, so far, has been able to build a global customer base that counts some of the most renowned commercial open source companies from the US and Europe such as Lightbend, Unleash, Outerbonds and others.

Commenting on the fund rase, Achintya Gupta, Co-founder and CEO of Reo.Dev said, “The sales processes for new age tech companies are changing. Historically, there was just the business buyer who was a key decision maker. But now there is an additional, increasingly influential buyer - the developer or the technology user. We feel the sales tooling for this changed GTM motion will be fundamentally different and we are building for that.”

Investors exuded confidence on the ability of Reo.Dev to continue growing in the coming years.

“Developers are driving the next trillion dollar infra and AI wave. We have seen changing buyer behaviour always calls for new sales software and we felt Reo.Dev will be the right team to build this,”Anand Lunia, General Partner at India Quotient said.