Spigit, a Pleasanton CA-based provider of social innovation software and services, has secured $15.2m in a Series E financing.
The round, which brings the total amount raised by the company to $41.2m, was led by global private equity firm Warburg Pincus.
The company intends to use the funding to continue building its product portfolio, to grow its partner ecosystem, launch its new platform, and hire new people (http://www.spigit.com/about-spigit/careers).
Led by Paul Pluschkell, CEO and founder, Spigit offers a social software that helps large enterprises, government organizations and companies organizations tap into the collective intelligence of employees, customers, partners and fans to help tackle business objectives.
By incorporating game mechanics, the company’s solution engages people at scale, uses social algorithms to leverage this crowd to surface the most promising ideas through collaboration, and then analyzes big data to determine actionable and predictive information.
Customers include Overstock.com, AAA, US Bank, City of New York, Estee Lauder and Capgemini.