Outreach & Drift Make LinkedIn Top Startups

LI Top StartupsCongratulations to Outreach (#15) and Drift (#22) for making the LinkedIn Top 25 U.S. Startups list.  To be eligible for Top Startups, companies must be 7 years old or younger, have at least 50 employees, be privately held, and headquartered in the U.S.  Selection is based upon employment growth, engagement, job interest, and attraction of top talent between July 1, 2017 and June 30, 2018

Coincidentally, I just began covering Drift in my subscription newsletter.  They will be covered here in two weeks following my standard embargo.  I’ve been covering Outreach for several years.

Outreach is a sales engagement platform that helps sales reps manage their multi-channel communications with customers and prospects.  Along with templates and cadence tools, Outreach offers call recording and coaching, analytics, a partner ecosystem, and meeting management.  The firm has 285 employees and is looking to double its headcount over the next year following a $65 million funding round.  LinkedIn noted that they have 2,400 customers.

Outreach Employee Count
Seattle-based Outreach said in April that it plans to double its headcount over the next year. (Chart Source: LinkedIn)

Conversational marketing firm Drift landed a $60 million Series C round earlier this year.  The funds will be used to quadruple its office space with an expanded presence in Boston and new space in San Francisco.  As one-third of their clients are outside of the United States, they plan to open international offices later this year.

The Drift platform removes webforms and offers chatbots for conversational discovery and qualification.  “A sale doesn’t get made until a conversation happens. So, with Conversational Marketing, we created a new way of doing marketing and sales that removed the roadblocks and hurdles that can get in the way of someone talking to your business. This creates a better customer experience, makes it easier for people to buy, and ultimately creates a faster path to revenue,” said CEO David Cancel.

Drift supports email sequencing, revenue reporting, visitor id, chatbots, playbooks (templates), reporting, email reply management, and meeting scheduling.  A new Conversational Advertising capability provides conversational landing pages instead of webforms.

Drift’s goal is to be the Amazon for Business.  “Amazon revolutionized how people buy with the one-click buying experience, and that’s what we all expect online today,” said Cancel. “But when it comes to B2B, the buying process is painful. Companies force buyers to fill out forms and jump through so many hoops just to talk to them, despite the fact that most buying decisions have already been made by the time someone comes to your website. We’re on a mission to build the most customer-centric company in the world and make B2B buying as easy as buying from Amazon.”

Boston-based Drift has had rapid employee growth over the past two years (Source: LinkedIn)
Boston-based Drift has had rapid employee growth over the past two years. (Chart Source: LinkedIn)

 

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