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Jack Altman's first Benchmark deal is a new AI sales startup that is ...
Exclusive Jack Altman's first Benchmark deal is a new AI sales startup that is seeing huge revenue growth By Ben Bergman You're currently following this author! Want to unfollow? Unsubscribe via the link in your email. Monaco cofounders left to right: Abishek Viswanathan, Brian Blond, Sam Blond, and Malay Desai. Monaco 2026-05-12T15:00:01.236Z Monaco, which came out of stealth earlier this year, is developing AI software to automate sales. Monaco announced Tuesday that it raised a $50 million funding round led by Benchmark. This is the first deal longtime investor Jack Altman has made since joining Benchmark. Monaco had no revenue in February. Three months later, the AI sales startup says it is adding more than $1 million in revenue every month. That kind of hockey stick growth is what turned Benchmark's newest partner, Jack Altman, into a believer and landed the startup a fresh $50 million round. Monaco announced Tuesday it raised a $50 million Series B funding round led by Benchmark, bringing its total funding to more than $85 million. Altman, the former Lattice CEO and brother of OpenAI CEO Sam Altman, who joined Benchmark earlier this year, will join Monaco's board.Returning investors Founders Fund and Human Capital also participated in the round. The valuation was not disclosed.The raise is the latest example of how quickly capital is flowing into AI startups, especially those that show strong revenue growth. Companies are increasingly raising massive rounds only months after launching products publicly as investors race to back potential category leaders early."We launched in February, we had no revenue," founder and CEO Sam Blond told Business Insider. "During February, March, and April, we added seven figures of ARR each month, and revenue is accelerating." Monaco is developing AI software to automate key parts of the sales process, including prospecting, outbound outreach, pipeline management, and customer tracking. Blonde wants the company to be known as the "Cursor of sales," referring to the popular AI coding startup that made a $60 billion deal with SpaceX.'When stuff works, it works fast'It used to be startups waited years, not months, to raise a Series B, but these are not normal times. Just two months ago, Monaco announced a $25 million Series A round led by Founder's Fund, where Blond was a partner until 2024.Altman said Monaco's early traction was part of what convinced Benchmark to move quickly."I think in general, when stuff ...
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Monaco Secures $50 Million in Series B Funding to Grow AI-Powered Sales ...
SAN FRANCISCO, May 12, 2026 (GLOBE NEWSWIRE) -- Monaco, the AI-native sales platform, today announced a $50 million Series B funding round led by Benchmark. The company will use the funding to ...
Monaco Secures $50 Million in Series B Funding to Grow AI-Powered Sales ...
About Monaco Monaco is the AI-powered sales platform of the future, helping startups automate their sales motion and accelerate revenue growth. As an AI-native, end-to-end tool, Monaco covers everything from prospecting to demand gen to converting revenue, replacing today's patchwork of sales tools with a single solution.
