Pulse Q&A Raises $4 Million Seed Round Led By True Ventures
SAN FRANCISCO, June 19, 2018 /PRNewswire/ -- Pulse Q&A, a platform dedicated to helping C-Suite executives make better decisions on strategy, innovation and enterprise technologies, announced today that it has raised a $4 million seed round led by True Ventures. Y-Combinator and angel investors including Steve Norall, former CPO at Survey Monkey, also participated.
The company's Co-Founders, Mayank Mehta and Anand Thaker, worked together previously at Cooliris, where Mayank led the team as co-founder and Anand held the role of mobile lead. At Pulse Q&A, they are on a mission to help top executives rethink how to engage with their peers as they tackle their hardest business problems.
To date, business leaders have relied on traditional, one-size-fits-all reports to help them make fundamental decisions on strategy and innovation. Pulse Q&A challenges that practice with real-time, bite-sized data gathered from thousands of CIOs in their community. By shifting the focus away from analysts to executives making these decisions in the trenches every day, Pulse Q&A gives users access to relevant conversations and data that can actually move the needle.
"Pulse is about people-powered insights – for executives, by executives," said Mehta, who will be leading the company as both Co-Founder and CEO. "Too many of our leaders today turn to small personal networks and out-of-touch reports to drive decision making. Why not go to peers who have just worked through the same issue in the last quarter?"
Pulse Q&A aims to create that community of executives, starting with CIOs. With thousands of CIOs already on board and engaging with one another on strategy and spend questions, Pulse Q&A helps IT executives break away from siloed echo chambers.
"Effective decision-making requires access to trustworthy and forward looking data," added Manjit Singh, CIO of a Fortune 500 company. "Being able to drive discussions with my peers on new technologies they've implemented and get real-time feedback is exactly what has been missing."
"Being able to tap into a trusted peer network to share and grow our collective knowledge, discuss challenges, and discover what other inspiring CIOs are doing to drive innovation is powerful," said Prakash Kota, CIO of Autodesk. "I am excited by both the breadth and depth of knowledge available in this community."
"At True, we invest in entrepreneurs who are dedicated to building products and communities that have a broad and lasting impact," said Puneet Agarwal, partner at True Ventures. "Pulse Q&A fits that profile perfectly."
"True Ventures has been a terrific partner in helping us uncover the power of our community and platform," added Mehta. "Given their track record and experience working with C-suite executives, we cannot be happier to have them onboard as we grow our company."
About Pulse Q&A Inc.
Pulse Q&A is a company dedicated to helping C-suite executives make better strategy, innovation and enterprise technology decisions – starting with CIOs. Today, many of these leaders still rely on one-size-fits all reports when setting important strategies. Pulse is challenging that practice with real-time, bite-sized data from thousands of IT executives discussing innovation and spend on their platform. Pulse's goal is to shift focus away from analyst to the executives making the decisions every day. By giving users access to relevant conversations and crowdsourced data, Pulse Q&A aims to pull executives out of their echo chambers and, instead, make decisions based on current data and real world experiences. For more information, visit www.pulse.qa.
About True Ventures
Founded in 2005, True Ventures is a Silicon Valley-based venture capital firm that invests in early-stage technology startups. With five core funds and capital under management in excess of $1.4 billion, True provides seed and Series A funding to the most talented entrepreneurs in today's fastest growing markets. With a mission to make the world a better place for entrepreneurs, True encourages each founder's vision and has built resources to empower the employees, families and communities of its portfolio companies. The firm maintains a strong founder community and offers innovative educational opportunities to its portfolio, helping entrepreneurs achieve higher levels of success and impact. With more than 200 companies funded and multiple companies acquired, the current True portfolio has helped create over 8,500 jobs. To learn more about True Ventures, visit www.trueventures.com.
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SOURCE Pulse Q&A
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