Apollo.io valued at $1.6 billion in technology sales funding

Tech company Apollo.io says it has received an investment from Bain Capital Ventures with existing investors including Sequoia Capital, Tribe Capital and Nexus Venture Partners. The company was valued at about $900 million last year after a $110 million funding round.

Apollo.io says it has over 500,000 companies and millions of platform users for its sales and marketing process management tools. According to the company's website, its customers include payment platform Stripe Inc., electronic signature company DocuSign Inc. and the Utah Jazz team of the National Basketball Association.

Its platform organizes customer data to help users make more sales. Apollo.io says it now uses artificial intelligence to tailor email messages.

Co-founder and CEO Tim Zheng stated that its products "automate a lot of boring things that would otherwise have to be done by hand." He said that an initial public offering is a "long-term goal" for the company.

Officially based in San Francisco, Apollo.io positions itself as a company focused on remote work. The company has 450 employees in 30 countries.