MONACO RAISES $50M SERIES B FOR AI SALES AUTOMATION
AI DESK■ 1 MIN READ
MON, MAY 18, 2026■ AI-SUMMARIZED FROM 1 SOURCE ▸ TIMELINE
AI sales automation startup Monaco closed a $50M Series B led by Benchmark, bringing total funding to $85M. The company emerged from stealth earlier this year with software designed to automate sales processes.
Monaco secured the Series B funding nine months after closing a $25M Series A in February 2026. Benchmark led the latest round, signaling investor confidence in the startup's AI-driven approach to sales automation.
The startup develops software that uses artificial intelligence to streamline and automate sales workflows. Monaco launched publicly earlier this year after operating in stealth mode during its initial development phase.
The $85M in total funding reflects growing investor appetite for AI solutions targeting enterprise sales operations. The sales automation category has attracted significant capital as companies seek tools to improve efficiency and reduce manual work.
Monaco joins a competitive field of startups building AI-powered sales tools. The market includes established players and newer entrants focusing on different aspects of the sales process, from lead generation to deal management.
The Series B funding will likely support product development, team expansion, and go-to-market efforts as Monaco scales its customer base. The company's emergence from stealth and subsequent funding suggest traction with early customers.
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