Kronologic, a calendar monetization platform, secured $20 million in seed funding in a round led by Signal Peak Ventures with additional investment from Silverton Partners, Next Coast Ventures and Geekdom Fund.
Kronologic is an AI-powered scheduling platform that integrates with customer data platforms to enable seamless scheduling experiences and help users convert their sales leads. The company also offers a Calendar First technology to help marketing, sales and customer success teams prevent delays in their response times and reduce churn.
With the additional funding, Kronologic plans to continue developing its data science program, aiming to help global enterprise customers automate their 1:1 and 1:many interactions for more efficient scheduling. The company also plans on expanding its engineering and leadership teams to increase its number of addressable markets.
"In an age of digital sales, the 'last mile problem' refers to the failure of converting leads to sales appointments, which for businesses, translates to millions of dollars in lost revenue and missed opportunities," said Ben Parker, COO of Kronologic, in a statement. "By leveraging our Calendar First technology, Kronologic eliminates the last mile problem entirely by automatically sending your most qualified, ready-to-buy leads a timely and tailored calendar invite as the initial and primary touchpoint. This has enabled sales teams to come into work with a full calendar of high-value meetings with no human effort. This ultimately drives revenue for businesses by lowering costs, saving time and granting teams the ability to use their resources more strategically."