Privately owned Banzai, headquartered in the US, was founded in 2015 and has approximately 80 employees. Its main product is events services. The company functions as a marketing tech startup and developer of end-to-end video engagement solutions.
Banzai acquired the assets of ConnectAndSell, an AI sales-acceleration platform, for $13.2 million, effective July 2. The consideration for the deal, announced on July 8, included $5.5 million in cash, a $1.8 million one-year seller's note, and $5.9 million in stock and pre-funded warrants, pricing the transaction at less than one times ConnectAndSell's fiscal 2025 revenue. Previously, on July 6, Banzai confirmed the completion of this acquisition, stating it doubles the company's annual revenue at an 86% gross margin. ConnectAndSell assists B2B teams in reaching decision-makers in live phone conversations, serving approximately 250 B2B organizations across financial services, healthcare, and technology industries.
Banzai offers 3 products in the ad tech and services industry. Banzai's product portfolio comprises of marketer and agency technology and ad measurement and verification.
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Banzai's revenues were less than $25M in 2024. Caretta Research has split Banzai's revenue into 2 different product categories, the largest of which is customer engagement platforms. For full access to Banzai's revenue breakdown subscribe to Caretta Portal.
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