SaaS Labs, the SaaS startup that builds business automation tools for sales and support teams worldwide, has raised $42 million in Series B funding led by Sequoia Capital India with participation from existing investors, Base 10 Partners and Eight Roads Ventures.
The round also saw participation from prominent Silicon Valley angel investors such as Amit Agarwal, Allison Pickens, Anand Chandrasekaran, and Michael Stoppelman. The company plans to use the funds raised on R&D, to develop new products for its global users, as well as to scale newly-launched products.
With this funding, SaaS Labs has also acquired Atolia, a productivity, communication and collaboration workspace tool, as well as CallPage, a callback automation tool.