India, July 16 -- AI-powered sales intelligence startup Reo.Dev has raised $11.3 Mn (about Rs.109 Cr) in a Series A funding round led by Elevation Capital, with participation from existing investors Heavybit and India Quotient, as the startup looks to deepen its presence in the US and accelerate development of its AI-powered go-to-market platform.

The round also saw participation from angel investors, including Gokul Rajaram, along with select customers of the startup.

The fresh capital will primarily be deployed to expand the startup's sales and marketing operations in the US, which accounts for the majority of its business, while also accelerating product development, cofounder and CRO Piyush Agarwal told Inc42.

"We are expanding big...