Israeli startup Gong raised $ 250 million in round E

Gong, a business intelligence platform for salespeople that leverages artificial intelligence technologies to upgrade the capabilities of sales teams, raised $ 250 million in round E led by investment firm Franklin Templeton.
The total capital raised by Gong now reaches $ 584 million. Existing investors in the current round included Coatue, Salesforce Ventures, Sequoia, Thrive Capital and Tiger Capital.
Franklin Templeton is a global investment firm founded in New York in 1947 and currently manages $ 1.5 trillion in assets. Gong was co-founded by Amit Ben Dov, CEO and Elon Reshef, the company's VP of Product and has been on a path of accelerated growth since its inception in 2015.
The company currently employs 550 people in Israel and the United States. In Israel, the company's offices are located in the stock exchange complex in Ramat Gan, with 170 research and development and product management men and women. The capital raised will be used to double human capital in the company, the United States and Israel. By the end of 2021, the company plans to double its workforce and reach about 300 employees in Israel and about 1,000 employees in the world.
Business executives today use static reports, various anecdotes and information reported by employees to understand what is going on in their business, but they lack the understanding, why certain results were obtained and how to make the necessary adjustments to improve the results.
Gong's patent - pending business intelligence platform captures all of the company's interactions with its customers, floods business insights about the market, sales opportunities and potential to improve employee capabilities and recommends the next effective step that will promote closing deals, ensure customer success and enable the company to conquer markets.