November Private Market UpdateThe private market one year past the peak - down, not out
November Private Market Update
Gong was founded in 2015 by Amit Bendov and Eilon Reshef. After a $250 million round of Series E funding pushed the company to a $7.25 billion valuation, CEO Bendov said "we are not heading for an IPO in the coming months...We always thought about something big, about a company that is worth billions. I always thought it was possible to reach a hundred billion." These comments should not be interpreted to mean that the company is formally pursuing or foregoing an IPO.
Gong is developing a software platform that uses AI to observe customer interactions, process, and synthesize the information with the hope of helping companies optimize their customer conversation strategy and fulfil their sales potential. Gong has acquired the data management companies ONDiGO and Vayo. The company has raised over $500 million in venture capital funding from investors including Franklin Templeton, Coatue Management, Salesforce Ventures, Sequoia Capital, Thrive Capital, and Tiger Global Management.
Gong does not currently have an official ticker symbol because this company is still private. Register today to connect with our Private Market Specialists and learn more about new pre-IPO investment opportunities.
The stock price for Gong will be known as it becomes public. Here are similar public companies: Dropbox (NAS: DBX), Okta (NAS: OKTA), VMware (NYS: VMW), Workday (NAS: WDAY), Atlassian (NAS: TEAM).
