Customer Data Platform RudderStack Raises $56m

RudderStack, a customer data platform (CDP) for developers, has raised $56m in a Series B round of funding, which it will use to accelerate company growth.

San Francisco-based RudderStack, which was founded in 2019 by Soumyadeb Mitra, CEO, and Shvet Jain, Executive Chairman, collects a company's data from every customer touchpoint - including web, mobile and backend systems - and can send it in real time to more than 50 cloud-based destinations and any major data warehouse. Following its 2020 acquisition of data integration company Blendo, RudderStack launched a tool called RSDX, which combines CDP capabilities, including out of the box connectors for more than 150 apps.

New funding has been led by Insight Partners, with participation from Kleiner Perkins and S28 Capital, bringing the total raised to date to $82m. Insight Partners MD Praveen Akkiraju, who is joining the RudderStack Board, comments: 'What makes RudderStack unique is its end-to-end data pipelines for customer data optimized for data warehouses. We are thrilled to lead this round and join Soumyadeb and his team as they build an amazing customer data platform and company'.

Web site: www.rudderstack.com .

All articles 2006-23 written and edited by Mel Crowther and/or Nick Thomas, 2024- by Nick Thomas, unless otherwise stated.