Summary:
Gong plans to hire 100 new employees in Israel, increasing its local workforce to 500 by end of year.
The AI startup uses natural language processing and machine learning to analyze customer interactions and boost sales efficiency.
With over 4,500 business clients, Gong reports a $300 million annual revenue run rate and handles 1 million AI tasks monthly.
Founded in 2016, Gong has raised $583 million in funding, including a $250 million Series E at a $7.25 billion valuation.
Israel's AI sector shows growing demand for experienced roles like data scientists and machine learning specialists.
Israeli-founded startup Gong is ramping up its operations with plans to hire an additional 100 engineers and developers in Tel Aviv, responding to surging demand for its AI-powered platform. This expansion will boost the Israeli workforce by 25%, reaching 500 employees by year-end, following the recent move to a larger 4,800-square-meter office in Ramat Gan to support R&D efforts.
Globally, Gong is on a growth trajectory, with new offices opening in Austin and New York, aiming for a total of 1,500 employees by the end of 2025. Founded in 2016 by Amit Bendov and Eilon Reshef, the company leverages natural language processing and machine learning to analyze customer interactions—such as emails and phone calls—providing sales teams with actionable insights to predict revenue and close deals faster.
Eilon Reshef, co-founder, emphasized the strong business momentum, stating, 'The extensive hiring is needed to support this expansion and enable us to continue developing innovative AI solutions, which lead the market.' Gong's platform includes over 10 dedicated AI agents that perform tasks like summarizing calls and drafting follow-ups, handling approximately 1 million tasks monthly.
Used by more than 4,500 businesses across sectors like financial services, healthcare, telecom, and media, Gong has reported an annual revenue run rate of $300 million. CEO Amit Bendov highlighted that 'AI isn't about replacing roles, it's about freeing people up to do their most impactful work,' empowering revenue teams with automation while preserving human connections.
In terms of funding, Gong raised $250 million in a Series E round in 2021, valuing the company at $7.25 billion, with total capital raised reaching $583 million from investors including Franklin Templeton, Coatue, and Salesforce Ventures.
A broader context from a recent Israel Innovation Authority report notes that Israel hosts 2,158 AI-focused R&D startups, with a shift in hiring trends: demand for junior roles has decreased, while positions for experienced talent like data scientists and machine learning specialists are on the rise.
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