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.
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.
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