Fundz

Conveyor Raises $12.5M Series A To Offload The Most Tedious Part Of The Sales Process To Artificial Intelligence

PRIVATEOct 11, 2023

Amount Raised

$12.5 Million

Round Type

Series A

San FranciscoInformation TechnologySoftwareSecurityCyber SecuritySaaS

Investors

Cervin Ventures

Description

Conveyor, the leading AI-powered platform that streamlines, automates, and scales customer security reviews, today announced a $12.5M Series A investment round led by Cervin Ventures. The funding will be used to support Conveyor's growth, expand its team, and further advance the company's generative AI solution to accurately convey a customer's security posture in seconds instead of weeks.

Quick answer

Conveyor raised $12.5 Million in a Series A round, dated October 11, 2023. Investors: Cervin Ventures. Conveyor is based in San Francisco, California, United States.

How much did Conveyor raise?
Conveyor raised $12.5 Million in a Series A round on October 11, 2023.
Who invested in Conveyor?
Cervin Ventures is named as investors in this round.
What does Conveyor do?
Conveyor is the leading generative AI-powered platform that automates and scales the most tedious parts of the sales process: customer security reviews and RFPs.
Where is Conveyor based and how big is it?
Conveyor is based in San Francisco, California, United States. Fundz records about 48 employees.
Who are the decision-makers at Conveyor?
Fundz holds 1 contact at Conveyor. Names and contact details are shown to Fundz members.

Source: Fundz verified event record.

Who else raised in Security and Cyber Security around the same time

Companies in the same sectors as Conveyor that raised within 45 days of this round, from Fundz verified event records.

  • Vulcan Cyber raised $55M (Series B) on November 15, 2023.
  • TrojAI raised $2M (Seed) on November 15, 2023.
  • Tidal Cyber raised $5M (Seed) on November 9, 2023.
  • Myrror Security raised $6M (Seed) on November 7, 2023.
  • Tidal Cyber raised $3M (Seed) on November 3, 2023.
  • Cranium Al raised $25M (Series A) on October 26, 2023.

Who to call at Conveyor, and when

A new round usually means Conveyor is about to hire and buy. The teams that reach out first get the meeting.

  • An alert the day Conveyor raises, hires an executive or expands, scored against what you sell
  • The decision-makers there, with verified emails
  • Who you already know at Conveyor, from your own LinkedIn network

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Company Information

Company

Conveyor

Location

San Francisco, California, United States

About

Conveyor is the leading generative AI-powered platform that automates and scales the most tedious parts of the sales process: customer security reviews and RFPs. Trusted by the world's top SaaS companies, Conveyor helps vendors build trust with customers while reducing the time spent on the mind-numbing task of sharing security information, answering security questionnaires, and responding to RFPs by over 90%.

AI made execution free. Knowing first is the whole game now.

Fundz sees it the moment Conveyor raises, hires an exec or expands, usually minutes after it happens, and tells you who to reach.

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Funding Insights

What this usually means
Typical timeline to Series B
Series A companies typically raise their next round in 10-18 months

Conveyor raised. Fundz records a round at a median of 3.6 minutes from the SEC filing, with the decision-maker attached.

145 of these a day, filtered to the companies you pick, with the decision-maker attached.

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Fundz is a real-time business intelligence platform powered by agentic AI that proactively delivers personalized daily signals, including funding rounds, executive changes, M&A activity, 13F institutional filings, SEC 8-K events, investor activity, and website modifications, based on each user's watchlist and ICP. A trusted data source at firms such as BlackRock, Oracle, Kleiner Perkins, LinkedIn, HubSpot, and Cloudflare, Fundz democratizes the institutional-grade intelligence that previously required a PitchBook or Bloomberg terminal. Features include Daily Briefing for AI-powered daily briefings, and unified cross-signal alerts across 281,000+ organizations. Developers and data teams can access these signals programmatically via the Fundz Funding Data API, with transparent published pricing.