Vitally

Vitally

Customer success software for relationship management

About Vitally

Simplify's Rating
Why Vitally is rated
C
Rated D+ on Competitive Edge
Rated B on Growth Potential
Rated C on Rating Differentiation

Industries

Data & Analytics

Enterprise Software

Company Size

51-200

Company Stage

Series B

Total Funding

$38.2M

Headquarters

New York City, New York

Founded

2017

Overview

Vitally provides customer success software that helps businesses improve their relationships with customers. The platform includes tools for tracking customer lifecycles, automating workflows, and analyzing data. Key features are automated playbooks for streamlining tasks and dashboards for a comprehensive view of customer information. Vitally integrates with various data sources, making it easier for businesses to access all relevant information in one place. This enables informed decision-making and proactive measures to enhance customer satisfaction and retention. Unlike many competitors, Vitally offers a subscription service with different pricing tiers, allowing businesses of all sizes to choose a plan that suits their needs. The goal of Vitally is to empower companies, particularly in the tech industry, to ensure their customers achieve desired outcomes and maintain long-term relationships.

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Significant Headcount Growth
Simplify Jobs

Simplify's Take

What believers are saying

  • $30 million Series B funding boosts product innovation and global expansion efforts.
  • Increased focus on mental health can lead to new features addressing CSM challenges.
  • Growing importance of CSMs in revenue retention aligns with Vitally's automation and analytics focus.

What critics are saying

  • Burnout among CSMs may lead to higher turnover and service delivery issues.
  • Economic challenges in B2B SaaS could reduce budgets for customer success platforms.
  • Intensifying competition requires Vitally to continuously innovate and differentiate its offerings.

What makes Vitally unique

  • Vitally integrates all customer data for a 360-degree view of key metrics.
  • The platform offers automated playbooks to streamline repetitive tasks for customer success teams.
  • Vitally's comprehensive data integration capabilities align with industry trends for business tool integration.

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Funding

Total Funding

$38.2M

Below

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
Vitally
$45M
Linktree
$65M
Substack
$100M
ClickUp

Benefits

100% of health/dental/vision insurance

401k with a company match

Commuter benefits

Unlimited PTO

Flexible work hours and work-from-home policy

WFH stipend

Education stipend

Growth & Insights and Company News

Headcount

6 month growth

↑ 4%

1 year growth

↑ 5%

2 year growth

↑ 12%
PRWeb
Nov 8th, 2023
Vitally Releases "The Secret Lives Of Csms" Report, Highlights Anxieties, Mental Health Challenges Plaguing Customer Success Managers And Calls For Solutions

New data indicates low job security and sleep deprivation impact Customer Success leaders, often stemming from poor work-life balance and the always-on nature of remote workNEW YORK, Nov. 8, 2023 /PRNewswire-PRWeb/ -- Vitally, the first Customer Success Platform (CSP) specifically designed for maximizing productivity, visibility, and collaboration, today released the findings of "The Secret Lives of CSMs" report. A survey of hundreds of Customer Success Managers (CSMs) in the U.S. revealed that their role is crucial to business success in the current economic climate, but employees with that title are burnt out, overworked, and often underpaid. Businesses that are unable to remedy these issues run the risk of losing a significant segment of their revenue-generating workforce.B2B businesses, particularly those in the SaaS sector, are currently facing economic turmoil following a brief pandemic-induced boom. Acquiring new customers is now an uphill battle, which makes the roles of CSMs — who are responsible for preventing churn and maximizing the value of existing accounts — even more critical

GlobeNewswire
Feb 22nd, 2023
Vitally Closes $30 Million Series B Round Led By Next47

Vitally, a leading Customer Success Platform (CSP), announced today that it closed $30 million in Series B funding to accelerate the company's product innovation for B2B Customer Success teams and expand global reach.

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