Onfire, an AI platform designed for IT revenue teams, has emerged from stealth mode with $20 million in funding. The funding includes a $14 million Series A co-led by Grove Ventures and TLV Partners, with participation from IN Venture and Leumi Tech by Bank Leumi.
Onfire's platform aims to provide a more focused and contextual alternative to generic AI sales tools. It integrates third-party data with a company's sales information to identify potential customers and their needs in real time. The platform analyses online activity across forums, blogs, networks, and developer communities to help software and cloud companies identify potential customers. Onfire's AI identifies buying intent by monitoring public developer forums.
Founded in 2023 by veterans of Israeli intelligence Unit 8200, Onfire has already helped SaaS clients close over $50 million in revenue. Customers include Aiven, Spectro Cloud, and Cyera. The company plans to use the funding to expand its teams.
