Web and mobile app analytics platform Glassbox has raised $100m through an initial public offering (IPO), and will use the funds to expand its global presence and reach - both organically and through acquisition, and to invest in new staff and technology.
Founded in 2010 as Clarisite and headquartered in London, Glassbox also has offices in New York City and near Tel-Aviv. The firm uses big data, behavioural analytics, session replay, free text search and app monitoring capabilities to enable enterprises to see what online and mobile customers are doing and why. The firm's real-time Cashbox solution enables enterprises to calculate the revenue loss resulting from negative online customer experiences, and proactively resolve issues impacting online transactions. Last year, it raised $40m in a Series C round of funding.
Commenting on the latest funding raise, CEO Yaron Morgenstern (pictured) said: 'This is a significant milestone for Glassbox that represents our commitment to growth in the near term and provides the resources to fuel innovation towards our unique AI-driven vision for experience intelligence. I'm incredibly proud of the accomplishments and success of our diverse global team and am energized by the opportunity to continue fulfilling our mission of helping global enterprises deliver frictionless digital journeys to their customers'.
Web site: www.glassbox.com .
All articles 2006-21 written and edited by Mel Crowther and/or Nick Thomas unless otherwise stated.