Seed Funds for AI-Based Knowledge Management Firm 1up

In New York, AI-based Knowledge Management software firm 1up has raised $5.25m in seed funding, which will be used to accelerate sales and marketing efforts and expand the customer base.

1up promises go-to-market teams need immediate access to accurate product knowledge. The platform allows workers including account executives, sales engineers, solutions consultants, RFP managers and IT professionals to automate their workflows and respond to queries rapidly - including sales questions, RFPs and security questionnaires.

The round was led by Upfront Ventures, with participation from Lightbank, 8-Bit Capital, RRE Ventures, AVG, Aviso Ventures, Gaingels and 1121, and brings the total raised to date to more around $8.5m.

1up founder and CEO George Avetisov comments: 'Sales is one of the toughest jobs in the world. It gets even harder when you don't have easy access to company knowledge. Try spending hours filling out a 200-row questionnaire outlining the technical details of your product. Sales teams everywhere are drowning in customer questions and painful manual tasks that slow down the deal process'.

Web site: www.1up.ai .