Onfire Raises $20M Seed Round to Scale Vertical AI for IT Revenue Teams

Why It Matters

The financing validates strong market demand for specialized AI tools that streamline IT sales processes, positioning Onfire to capture a niche in the growing enterprise AI SaaS sector, and underscores continued venture appetite for AI startups despite broader market volatility.

Deal Summary

Onfire, a Tel Aviv-based vertical AI platform for IT revenue teams, raised $20M in an initial funding round co-led by Grove Ventures and TLV Partners, with participation from IN Venture and Leumi Tech 77 By Bank Leumi. The company will use proceeds to accelerate product development and go-to-market efforts.