Shelf.io raised $52,5 million in Round B, led by Tiger Global and Insight Partners. According to TechCrunch, the invest.com/investing-in-ukraine/business-opportunities/startups/" rel="dofollow">startup has previously raised $8,2 million.
According to the startup itself, from July 2020 to July 2021, its ARR (regular annual revenue) quadrupled.
The Shelf.io team is engaged in a service that helps company employees find the information they need faster incorporate sources.
He works for AI, connects to corporate information systems, learns, and then helps employees get the data they need.
According to Shelf.io, employees spend an average of 19% of their time on such tasks (as well as finding colleagues to help with this).
For example, a service can connect and train on data from Salesforce, SharePoint, or Zendesk.
The most obvious niche for such a service is the support staff, whom it can help to quickly find answers to user questions.
Also, such a service can be useful for automating the work of sales departments.
According to Sergey Shelpuk, vice president for Data Science at Shelf.io, most of the startup's product team is entirely located in Ukraine, including the Co-founder & CTO and product managers.
Now the company has more than 50 vacancies of all profiles: front-end, back-end, BA, product managers, QA, AI/machine learning, and others. The attracted investments in the startup are also planned to be spent on expanding the staff.