Orum

Orum

Automates outbound calling for sales teams

About Orum

Simplify's Rating
Why Orum is rated
B+
Rated B on Competitive Edge
Rated A on Growth Potential
Rated B on Rating Differentiation

Industries

Consulting

Enterprise Software

Company Size

51-200

Company Stage

Series B

Total Funding

$51M

Headquarters

San Francisco, California

Founded

2018

Overview

Orum provides a platform that simplifies outbound calling for inside sales teams. It uses AI technology to automate tasks like detecting voicemails, filtering out bad numbers, and navigating phone directories, allowing sales representatives to focus on having live conversations with potential clients. The system enables users to call multiple numbers at once and automatically logs call outcomes in the CRM, which saves time and increases the number of interactions. Orum integrates with popular CRM and sales tools such as Salesforce, Outreach, and SalesLoft, creating a seamless workflow for sales teams. The platform is designed to help inside sales teams across various industries enhance their outreach and improve sales performance, operating on a subscription-based model that offers different service tiers.

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Simplify's Take

What believers are saying

  • Growing demand for AI-driven sales solutions boosts Orum's market potential.
  • Remote work trends increase need for efficient outbound calling solutions like Orum.
  • Orum's automation of call dispositions aligns with sales process optimization trends.

What critics are saying

  • Emerging AI-powered dialer platforms may threaten Orum's market share.
  • Rapid AI advancements could render Orum's offerings obsolete without innovation.
  • Potential regulatory changes may hinder Orum's global expansion efforts.

What makes Orum unique

  • Orum automates outbound calls, enhancing efficiency for inside sales teams.
  • Seamless integration with Salesforce, Outreach, and SalesLoft streamlines sales workflows.
  • ISO 27701 certification underscores Orum's commitment to data privacy and security.

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Funding

Total Funding

$51M

Meets

Industry Average

Funded Over

3 Rounds

Notable Investors:
Series B funding is typically for startups that have proven their business model and need more funding to expand rapidly—often by entering new markets or adding more products. Investors are usually venture capital firms that specialize in later-stage investments.
Series B Funding Comparison
Below Average

Industry standards

$35M
$30M
Patreon
$45M
Linktree
$65M
Substack
$100M
ClickUp

Benefits

Competitive salary & equity

Top-notch health benefits

Unlimited PTO

Company & team retreats

401k & financial planning

Office setup budget

Growth & Insights and Company News

Headcount

6 month growth

-11%

1 year growth

-10%

2 year growth

-8%
PR Newswire
Jul 23rd, 2024
Orum Achieves Iso 27701 Certification And Adds Advanced Compliance Controls

AUSTIN, Texas, July 23, 2024 /PRNewswire/ -- Orum, the leading AI-powered dialer that has seen a 145% year-over-year growth in sales rep and prospect conversations, proudly announces its successful achievement of ISO 27701 certification. This certification demonstrates Orum's enterprise-grade commitment to protecting personal data and complying with global privacy regulations."Achieving ISO 27701 certification is a significant milestone for Orum," said Jason Dorfman, CEO of Orum. "This certification not only validates our rigorous data privacy and security practices but also assures our customers that their data is handled with the utmost care and in compliance with the highest international standards."In addition to this achievement, Orum has expanded its dialing capabilities globally and released advanced compliance controls for call monitoring and call recordings to ensure customers can make calls in a compliant manner. "For companies with sales reps calling internationally, certifications like ISO 27701 and compliance controls are crucial," added Dorfman. "These capabilities give our customers unprecedented control over call monitoring and recording settings, enabling them to navigate complex regulatory landscapes confidently."Sellers have completed nearly 300 million calls and generated over $1 billion in pipeline using Orum's AI-powered dialer. With the ISO 27701 certification and more robust controls, Orum reinforces its position as a trusted partner for organizations looking to expand their sales efforts while ensuring data privacy and security."Data privacy is a top priority at Orum, and achieving ISO 27701 certification reflects our ongoing commitment to excellence in this area," added Rolland Miller, Orum's VP of Security and Compliance

PYMNTS
May 2nd, 2024
Orum Debuts ‘No Code Verify’ To Combat Failed Payments

Payments firm Orum has debuted a tool to help clients prevent failed payments. No Code Verify, announced Thursday (May 2), lets businesses and institutions determine if a bank account is open and valid before initiating payments, Orum said in a news release. It’s an extension of the company’s Verify solution, launched last year to help businesses and banks verify the status of any type of bank account. No Code Verify expands on this by letting financial institutions use the technology without integrating an API (application programming interface)

BNN Bloomberg
Feb 28th, 2024
Orum Launches Deliver API, Directly Connecting to Federal Reserve for Optimized Banking Transactions

Orum achieves a milestone in fintech with the launch of Deliver API, connecting directly to the Federal Reserve's payment rails.

Web3 Rodeo
Oct 11th, 2023
Orum Launches Verify to Determine Validity of Bank Accounts

Orum launches verify to determine validity of bank accounts.

Digital Transactions
Oct 10th, 2023
Orum Launches an Instant Account Verification Solution for FedNow

Orum launches an instant account verification solution for FedNow.

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