Sybill raises $11M for its AI assistant that helps salespeople reduce administrative burden.

Today, Sybill, a startup solving this problem with a novel AI assistant, announced it has raised $11 million in Series A funding from Greycroft, Neotribe Ventures, Powerhouse Ventures and Uncorrelated Ventures.

Join our daily and weekly newsletters for the latest updates and exclusive content on industry-leading AI coverage. Learn More. Enterprises want to accelerate their sales, but more often than not, the reps responsible for talking to customers and converting them are bogged down with tedious administrative tasks. Today, Sybill, a startup solving this problem with a novel AI assistant, announced it has raised $11 million in Series A funding from Greycroft, Neotribe Ventures, Powerhouse Ventures and Uncorrelated Ventures.While there are plenty of vendors that operate in the coveted “conversation intelligence” space, allowing account executives to automate tasks and better connect with their prospects, Sybill claims to have solved the problem of behavioral understanding. Essentially, the company’s AI copilot can read the intent and behavior patterns of potential customers, giving sellers detailed insights into what they are interested in and automating several tasks to help them close the deal.The startup, founded by AI experts from Stanford, UC San Diego and Harvard, already claims to have roped in more than 500 enterprises as customers. It will use the capital from this round to grow its footprint, capture buyer insights on a deeper level and automate even more tasks for sellers. Capturing insights from sales conversationsCurrently, when a sales rep handles a customer account, they manage a variety of different administrative tasks throughout the deal lifecycle, right from transcribing and analyzing the conversations with the prospect to extracting relevant information and feeding it into different platforms, including CRMs like Salesforce and Hubspot.While the process seems pretty straightforward, the reality is that these tasks take a lot of time, keeping sales teams from selling the product or service