Forma.ai Closes USD$45M Series B Financing

Forma.ai, Toronto, Canada-based provider of a Sales Performance Management solution, raised USD$45MIn Series B funding.

TheACME led the round CapitalParticipation from Crosslink Capital, Golden Ventures, Uncork Capital, XfundAnd Gaingels.

TheCompany plans to use the funds to increase its product development capabilities and go-to market capabilities.  

LedBy CEO Nabeil Alazzam, Forma.ai allows organizations to manage their sales compensation processes. The company’s platform automates taskwork by breaking down sales comp to its elemental building blocks of functions, rules, and workflows. TheseCustomers can reuse building blocks to automate redundant tasks. UsingAutomated workflows are used to unify the compensation effort across the company. Finance, HR, Sales, Sales OperationsIT and IT can work together in a single environment. 

FormaA growing number of innovative global businesses are using.ai ClientsIncluded AutodeskTrustPilot. OpenTable. CareerBuilder.  

FinSMEs

18/05/2022

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