Vivek Suriyamoorthy (Everstage)
Overview
Vivek Suriyamoorthy is a prominent figure in the software-as-a-service (SaaS) industry, best known as the co-founder and Chief Technology Officer (CTO) of Everstage, a sales performance management platform. Everstage specializes in automating sales commission processes, offering enterprises tools to enhance performance and track earnings in real-time. Since its establishment in 2020 by Suriyamoorthy and Siva Rajamani, Everstage has quickly gained a reputation for innovation and user satisfaction. The platform is recognized for its no-code approach and has been a game-changer for businesses looking to efficiently manage sales commissions, contributing to Everstage's rapid ascent as a market leader in sales performance management.
Recent Developments
- October 2024: Everstage raised $30 million in a Series B funding round led by Eight Roads Ventures, with additional participation from Elevation Capital and 3one4 Capital. This brought Everstage's total funding to $45 million. The funding will be utilized to expand product capabilities, improve customer service, and develop an AI Agent Creation Studio to empower revenue operations professionals with customized AI assistants. The company announced plans for an Employee Stock Ownership Plan (ESOP) buyback worth INR 5 crore.
- 2024: The company reported a staggering 300% year-on-year revenue growth and expanded its clientele to over 200 companies across various sectors including technology, manufacturing, and financial services. Everstage also hired Kelly McGuire from Glassdoor as VP of Customer Success to enhance customer experiences.
- Late 2023 - Early 2024: Everstage achieved recognition as the highest-rated sales compensation platform on G2 and Gartner, further solidifying its position in the market with a customer satisfaction score of 4.8/5.
- 2023: Everstage continued its rapid growth trajectory with significant investments in product development and customer support expansion.
Personal Information
| Attribute | Information |
|---|---|
| Full Name | Vivek Suriyamoorthy |
| Born | [Information not publicly available] |
| Nationality | Indian |
| Occupation | Co-founder & CTO at Everstage |
| Known For | Co-founding Everstage |
| Education | [Information not publicly available] |
Early Life and Education
Much of Vivek Suriyamoorthy's early life details remain private, with specific information about his childhood and initial education undisclosed in the available public records. However, it is known that he has a background in technology and substantial expertise gained from previous roles, notably at D.E. Shaw Group. This early professional experience has significantly influenced his entrepreneurial journey, particularly in solving painful inefficiencies in legacy sales commission systems, which catalyzed the founding of Everstage.
Career and Notable Achievements
Vivek Suriyamoorthy began his professional career at the esteemed D.E. Shaw Group, where he cultivated his expertise in technology solutions for businesses. This role provided the foundational insight necessary for his subsequent ventures.
- 2020: Co-founded Everstage with Siva Rajamani, focusing on revolutionizing the sales commission management space.
- 2021-2024: Under his technological leadership, Everstage experienced rapid growth, securing major funding rounds, including Series A and B, and expanding its product offering.
- Awards and Recognition: Everstage attained the highest user rating on platforms such as G2 and Gartner, marking a notable achievement in user satisfaction and market presence.
Current Work and Impact
As of 2024, Vivek Suriyamoorthy continues to drive Everstage's technology innovations as its CTO. His efforts focus on enhancing the platform's usability and efficiency in automating complex sales commission processes, thereby delivering measurable value and strategic advantage to clients.
Everstage Careers
Everstage positions itself as an attractive workplace, promoting core values such as curiosity, hustle, and integrity. The company offers competitive salaries, health insurance, skill advancement opportunities, and mental wellness programs. Employee testimonials highlight a collaborative work environment and substantial opportunities for career growth, reflecting the company's commitment to a dynamic and supportive professional culture.
Everstage Funding
The financial growth of Everstage is noteworthy. Since its inception, the company has successfully completed multiple funding rounds:
- 2020: Seed funding of $1.7 million, led by 3one4 Capital.
- 2021: Series A funding, raising $13 million led by Elevation Capital and 3one4 Capital.
- 2024: Series B funding of $30 million, significantly enhancing its capacity to scale and innovate further. These financial infusions have enabled Everstage to accelerate product development, expand its workforce, and innovate in AI-driven solutions for revenue operations.
Conclusion
Vivek Suriyamoorthy’s journey as a co-founder and CTO of Everstage signifies a robust engagement in transforming enterprise-level sales operations through technological innovation. His leadership has steered Everstage towards becoming a leading entity in sales performance management, earning accolades for its user-driven approach to complex commission challenges. With ongoing product enhancements and a strategic vision for the future, Everstage, under Suriyamoorthy’s guidance, is poised to not only sustain its growth but also redefine standards in its field through cutting-edge SaaS solutions.