Rox announced a US$100 million Series B at a US$1.3 billion valuation. General Catalyst and March Capital co-led the round. The company builds AI revenue agents for Global 2000 sales teams.
Funding details
Existing investors Sequoia Capital and Factory doubled down. New investors include Databricks Ventures and Prosperity7 Ventures. The round follows a US$50 million Seed and Series A announced in November 2024.
Customer traction
Rox reports that annual recurring revenue grew more than 10x in its first year in market. It also reports more than 700% net revenue retention across enterprise customers. Some customers saw around 25x return on investment within 90 days.
What Rox does
The Rox agent automates pipeline generation, deal execution, and upsells. It runs on each customer's data warehouse and helps reps manage complex accounts. Enterprise customers include IT services, energy, commodities, medical technology, industrial manufacturing, and automotive.
Rox will use the capital to advance AI research, custom models, and evaluation infrastructure. It also plans to expand with large enterprises in healthcare, industrial, financial services, energy, and technology. The company recently cut outbound prospecting pricing by 50%.