Everstage, a sales performance management software for enterprises has raised $30 million in a Series-B funding round led by Eight Roads Ventures, with participation from existing investors, Elevation Capital and 3one4 Capital. This investment brings Everstage’s total funding to $45 million.
The fresh capital will be used to expand its product capabilities and further invest in its in-house professional services to accelerate time-to-value for customers.
Everstage is also set to launch its AI Agent Creation Studio, a feature that will empower RevOps professionals to build and customize their own AI assistants. These AI agents will be capable of performing tasks such as sales performance analysis, plan building, and modeling recommendations, further streamlining the sales operations process.
“Our Series B is not just about growth; it’s about a long-term commitment to our customers. In a market dominated by traditional vendors, we’ve questioned the status quo by offering a modern, strategic approach to sales performance management. This investment will allow us to double down on product innovation and elevate our customer experience with the highest standard of service, unlike anything the market has seen before,” said Siva Rajamani, Co-founder and CEO of Everstage.
“Everstage’s modular product helps organizations dynamically manage their evolving Sales Performance Management needs and align frontline teams with broader organization goals. Customers consistently expressed their appreciation for the product’s simplicity and intuitive design, which significantly shortens the time to value,” said Aditya Systla, Partner at Eight Roads Ventures.
“We are excited to partner with Siva and Vivek, who have assembled a strong team with extensive experience in Revenue Operations. Together, we share a unified vision of creating a customer-first sales performance management platform that delivers real impact,” he added.
“Our move to Everstage was one of the best decisions we’ve made. Working with Everstage has been a great experience. They’ve delivered on every promise, and we’re 110% satisfied with what we’ve achieved so far. We’re excited for what the future holds,” said Jose Aleman, VP of Commercial Operations at Diligent.
Founded in 2020 by Siva Rajamani and Vivek Suriyamoorthy, Everstage was born out of the founders’ firsthand experience with the challenges of sales compensation management. Prior to starting Everstage, Rajamani served as the head of Freshworks’ global revenue operations team.
Everstage has a growing list of several global Fortune 1000, publicly-listed companies and large enterprises including GrayTV, Wiley, Diligent, Trimble and Paychex as their clients.
As part of its growth strategy, Everstage is also investing significantly in delivering value to customers. The company recently hired Kelly McGuire as VP of Customer Success, bringing over 15 years of experience from companies like Glassdoor and Sisense to enhance Everstage’s customer experience.
Everstage currently caters to a variety of industry verticals such as Technology, Manufacturing, and Financial Services, to go beyond simple innovation and turn sales compensation into a strategic lever for business growth. At the heart of the company’s approach is Crystal, a module that provides real-time commission forecasting for sales representatives.
