AI Conversation Intelligence Platform Chorus.ai Acquired by ZoomInfo for $575M

▤ Summary

The $575 million acquisition, which was announced July 13 (Wednesday), will add another tool to ZoomInfos broad business intelligence and engagement services to enterprises, according to the company. “The acquisition of Chorus will accelerate our vision to deliver a modern go-to-market platform that brings together best-in-class intelligence with comprehensive data management, workflow, and engagement software, empowering companies to effectively execute their revenue-generating strategies,” Henry Schuck, ZoomInfo’s founder and CEO, said in a statement. “With the largest Conversation Intelligence patent portfolio in the industry, Chorus will advance each aspect of our vision by surfacing a new category of insights, illuminating new workflows, and enabling more targeted engagement at scale.” In a July 13 blog post about the Chorus.ai acquisition, Schuck wrote that the company’s technology will help drive ZoomInfo’s position in the enterprise sales marketplace. “This merger, if successful, should become an example of how AI should be applied to help the human race not displace or destroy it.” Another analyst, Dan Maycock, principal of engineering and analysis with Loftus Labs, agreed. I do not anticipate these trends slowing down for the next several years.” In February, Chorus.ai announced it had achieved record growth in 2020, while bringing in $45 million through a Series C funding round.

▦ Linked Companies

ZoomInfo

$1B+