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Former Founders Fund VC Sam Blond launches AI sales startup to upend Salesforce
Yahoo Finance· 2026-02-11 16:00
Company Overview - Monaco is a startup co-founded by Sam and Brian Blond, who have backgrounds in sales and venture capital, along with two other co-founders, Abishek Viswanathan and Malay Desai [2] - The company has raised a total of $35 million, consisting of a $10 million seed round and a $25 million Series A round, both led by Founders Fund [3] Investment and Backing - Monaco has attracted notable investors, including the founders of Stripe and Y Combinator, indicating strong confidence in its business model [4] - The involvement of experienced investors suggests a promising outlook for the startup in the competitive AI sales tech market [5] Product Offering - Monaco is entering the AI sales technology sector with a unique approach, combining AI-driven solutions with human sales expertise [5] - The startup targets early-stage companies with a product suite that includes an AI-native CRM system and a database for prospecting [6] Technology and Functionality - The AI agents developed by Monaco can automate various sales tasks, such as creating email outreach campaigns and drafting follow-up emails, while being monitored by human experts [6][7] - The platform aims to replace traditional sales workflows, orchestrating the entire sales process from prospect identification to meeting scheduling [7] Human-AI Collaboration - Unlike many AI startups, Monaco emphasizes the role of human salespeople in the sales process, ensuring that AI outputs are accurate and effective [8] - This model allows Monaco to provide experienced sales professionals to startups that may not yet have the resources to hire them directly [8]