Jack Altman's first Benchmark deal is a new AI sales startup that is seeing huge revenue growth
Summary
Monaco raised a $50 million Series B led by Benchmark, marking Jack Altman's first deal at the firm and bringing the startup's total funding to over $85 million. The AI sales company came out of stealth in February and rapidly grew from zero revenue to adding more than $1 million in ARR each month across February–April. Benchmark's Altman will join Monaco's board, and returning investors Founders Fund and Human Capital also participated; Monaco says it will use the capital to hire engineers and accelerate its product. Monaco competes with incumbents like Salesforce and HubSpot as well as newer AI-native challengers in the crowded sales automation market.
Funding
Amount
$50.0M
Total raised
Date
May 12, 2026
Announcement date
Investors
Benchmark, Brex, HubSpot, Lattice, Human Capital, Founders Fund
Lead investors
Company
monaco.ai
Funded company
Classifications
industries
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applications
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AskAI Classifications
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