Gong

Gong sells a revenue AI platform that captures sales calls, video meetings and emails, analyzes them with AI, and gives revenue teams deal insights, forecasting, coaching and automated workflows. It was founded in 2015 by Amit Bendov, the CEO, and Eilon Reshef, the CTO, with operations in Israel and the United States, and its press releases now date from San Francisco. Customers named in press coverage include Canva, Google, LinkedIn and Square, and the company reported more than 5,000 customers in 2026.

Gong emerged from stealth in June 2016 with a $6 million Series A led by Norwest Venture Partners and Check Point co-founder Shlomo Kramer. Norwest and Kramer led a $20 million Series A1 in July 2017, joined by Wing Venture Capital and NextWorld Capital, and Cisco Investments later extended that round. Battery Ventures led a $40 million Series B in February 2019, bringing total funding to $68 million. Sequoia Capital led a $65 million Series C in December 2019 (total $134 million), with Carl Eschenbach joining the board. Coatue led a $200 million Series D in August 2020 at a $2.2 billion valuation, joined by Index Ventures, Salesforce Ventures and Thrive Capital (total $334 million). Franklin Templeton led a $250 million Series E in June 2021 at a $7.25 billion valuation, with Coatue, Salesforce Ventures, Sequoia, Thrive Capital and Tiger Global, bringing total funding to $584 million.

Gong has not raised a disclosed primary round since 2021. It reported annualized recurring revenue above $300 million in March 2025, when the CEO said an IPO was not planned that year and that the company had barely used its 2021 proceeds. On May 12, 2026 Gong reported ARR above $500 million, growth above 55% year over year and its tenth consecutive quarter of accelerating growth. It acquired Israeli sales startup Vayo in 2020.

Gong shows a company whose valuation outran its revenue during the 2021 market and then grew into it. The $7.25 billion Series E price was about 24 times the ARR reported in early 2025, and growth since then has narrowed that gap without a down round. Early investors Norwest, Wing and Battery entered at the Series A and B stages and have held for roughly a decade without a public liquidity event, while the 2020 and 2021 crossover investors bought in at much higher prices.