INSUBCONTINENT EXCLUSIVE:
It’s not often you can get three cloud giants like Amazon, Microsoft and Salesforce to agree on much of anything, but today they were
all part of a $27 million Series C investment in Tact.ai, a startup that has been trying to change the way sales people interact with
information in CRM systems using voice.Amazon Alexa Fund, Salesforce Ventures and M12 (formerly Microsoft Ventures) joined Comcast Ventures
as strategic investors in the company this round
Traditional VCs Accel Partners, Redpoint Ventures and Upfront Ventures also participated
Tact has now raised over $53 million, according to Crunchbase.Amazon is of course deeply invested in voice interfaces and has recognized
what Tact is trying to do in an enterprise setting with this investment
In fact, Tact was one of the first services to launch as part of Alexa for Business last fall
“Just as people were quick to adopt voice technology in the home, we see an enormous opportunity for voice services in the enterprise,”
Paul Bernard, Director of the Amazon Alexa Fund said
He sees Tact on the forefront of that movement.As though to prove Amazon’s point, the company also announced a product enhancement to
improve the voice experience in the car
The feature dubbed ‘Voice Intelligence’ acts like a car-based virtual assistant
Sales people spend much of their time in the car, and the tool can not only give them the basics about the next meeting, it can also provide
details about the deal and other relevant information, such as recently filed service tickets
All of this info can arm the salesperson for a potentially more effective meeting, Tact CEO Chuck Ganapathi explained.“We want sales
professionals who are on the road, keeping their eyes on the road ahead, so we are pushing information to them and initiating a
conversation, which is exactly what a human assistant would do,” he said.Ganapathi understands the limitations of CRM tools perhaps better
That’s because before he started Tact, he had been helping build them for more than 20 years — first custom systems with Ernst and
Young, then on prem with Siebel Systems and finally with Salesforce in the cloud.CRM’s value proposition has always been that it provides
companies with a central place for storing customer data, an electronic rolodex of sorts, but entering and retrieving data has mostly been a
chore for busy sales people
Ganapathi launched Tact in 2012 with the vision of using voice to help make it easier to interact with these tools
He was clearly ahead of his time, but the technology has finally caught up with his idea, and the strategic investors in this deal certainly
recognize the value of a voice interface for sales people.Ganapathi says the idea behind Tact is to reduce the friction involved in adding
and retrieving information from the database, and making life easier for sales to do their job
If sales pros can get the information they need, they can potentially make more sales and that’s a fairly compelling argument for any
