\n<\/p>\n
SetSail<\/a> set out to build a new way to compensate sales people, where based on the data, companies could pay salespeople on where they were in the pipeline, not in just one big chunk when they landed the sale. They believed this approach would enable salespeople to take more risks.<\/p>\n Such an approach requires a great deal of data to understand where the sales process stands, and that data infrastructure it turns out is a great source for generative AI. Today the company announced new capabilities to ask the system questions in natural language, which in turn gets translated in a SQL query and delivers an answer.<\/p>\n SetSail co-founder and CEO Haggai Levi says his company learned that in order to build a fair sales compensation system, it required getting key data out of data silos. His company built the underlying data layer, and could display it not only in dashboards with predefined data, now they could take advantage of that in a different way to answer very pointed questions.<\/p>\n \u201cWe spent a lot of time in the past three and a half years focusing on that data infrastructure product that connects all of these silos together and gives you 360 degree views using dashboards \u2014 and then ChatGTP comes and then we realize, hey, this is like another great entry point into our data,\u201d Levi said.<\/p>\n He points out that ChatGPT isn\u2019t just good at writing text, it can also write code including well structured SQL queries, which are good enough to replace dashboards with interactive discussion on top of the data.<\/p>\n \u201cWe\u2019ve merged the GPT power with the data infrastructure that we created. It just makes ask yourself, why do we need dashboards? We don\u2019t need dashboards anymore because we can ask the questions and answer them directly,\u201d he said.<\/p>\n While he still sees building sales incentives as a viable idea, it turns out that the data infrastructure he\u2019s built has value even if you\u2019re not using it for that original purpose. \u201cIn order to deliver on our original vision, we had to create a very unique data set that tracks everything automatically\u2026and what we found was that the infrastructure by itself has a lot of value to customers,\u201d he said.<\/p>\n So you can begin to ask specific questions like which deals are close to closing, which sales people are having trouble closing deals and who\u2019s meeting with an executive decision maker this week. The system connects to email, calendars, the CRM, the marketing automation system to build a picture and answer questions better than simply looking at data points in a dashboard.<\/p>\n In addition to these new capabilities, the company also announced an $11 million investment led by Zoom Ventures, which itself recently announced Zoom IQ<\/a>, a new conversational tool that actually is well aligned with SetSail\u2019s new capabilities.<\/p>\n The company was founded in 2018 and has raised almost $50 million with the latest investment.<\/p>\n<\/p><\/div>\n