Gong signs $8.45 million lease as it expands its R&D center in Ramat Gan
Gong signs $8.45 million lease as it expands its R&D center in Ramat Gan
The AI-powered sales platform aims to bolster its team and enhance global operations.
Israeli startup Gong, which develops AI-based solutions for sales teams and was valued at $7.2 billion in 2021, has leased 3,600 square meters across three floors in the Icon Tower in Ramat Gan, Calcalist has learned. The lease agreement, signed for three years with an option to extend for an additional two years, is expected to take effect in the third quarter of 2025, following the completion of construction at the end of 2024. The total value of the deal is estimated at NIS 30 million.
Gong provides a platform for sales teams designed to boost productivity, improve predictability, and accelerate revenue growth. To date, the company has raised $583 million across seven funding rounds, with the latest round (Series E) raising $250 million at a valuation of $7.2 billion. The company employs 1,200 people worldwide, including 380 employees at its R&D center in Ramat Gan. In recent years, Gong has expanded its product offerings, now including a forecasting tool (Forecast), a system for engaging potential customers (Engage), and additional tools to enhance sales processes and analytics.
The company stated that the move to new offices is driven by its continuous and accelerated growth, with over 4,500 customers globally and increasing demand for its AI-driven solutions. The new offices will support the recruitment of hundreds of developers in Israel and further expansion of the company’s business operations. Concurrently, Gong is scaling its global presence with the opening of offices in New York, Salt Lake City, and Singapore, as well as the expansion of its existing offices in Dublin and various U.S. locations.
Amit Ben-Dov, co-founder and CEO of Gong, said: “The AI revolution is advancing rapidly, and organizations worldwide recognize that adopting AI solutions is a key strategic objective to enhance business performance. Our investment in the new office complex in Israel, alongside our global expansion, reflects the company’s sustained growth and the rising demand for our AI solutions, which empower organizations to boost productivity, improve predictability, and drive revenue growth by deeply understanding customers and market trends. A recent survey we conducted shows that organizations implementing AI not only achieve better results but also plan to expand their workforce in the coming year.”
