RepIQ Raises $1.1 Million

Artificial Intelligence startup RepIQ closed $1.1 million in financing. Six investors contributed to the round, among them Pfizer Venture Investments, Amicus Capital, and Hyde Park Angels.

Formed in March, 2016, RepIQ’s goal is to help salespeople identify the best customers for their businesses. Its AI-powered database uses machine-learning to suggest the best prospects to target to shorten sales cycles, generate higher revenues, and increase average customer value. The product’s features include a lead discovery database, which allows sales reps to research prospects using databases of more than 800,000 companies and more than one million people. The platform also allows sales teams quickly to identify key decision makers, save targeted lists of leads, and access prospects’ verified email addresses and phone numbers.