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.
Indian AI coding startup Emergent reached a $1.5 billion valuation in its latest funding round, raising $130 million in Series C and joining the unicorn club after a five-fold valuation jump in six months.
Rime, an AI platform processing over 100 million calls monthly, secured $24 million in Series A funding to expand its customer service solutions for enterprises.
A former SpaceX engineer has secured $65 million in funding to revolutionize wire harness manufacturing for aerospace and defense. The startup aims to replace decades-old production methods still used in rockets, missiles, and satellites.
Israeli identity management startup Oak has emerged from stealth with $60 million in seed funding. The company, cofounded by veteran entrepreneur Shai Morag, addresses identity management challenges created by the proliferation of AI agents.