Reltio, a Redwood Shores, CA-based enterprise data-driven applications and modern data management Platform as a Service (PaaS) company, raised $22m in Series B funding.
The round was led by New Enterprise Associates (NEA) with participation from existing investors Crosslink Capital and .406 Ventures. In conjunction with the funding, Chetan Puttagunta, partner at NEA, joined Reltio’s board of directors.
The company, which has raised $32M in total funding to date, intends to use the funds to extend its reach through accelerated hiring of talented individuals across all groups, and continued expansion into global markets.
Led by Manish Sood, founder and CEO, Reltio Cloud combines data-driven applications with modern data management for planning, customer engagement and risk management. This enables IT to streamline data management for a complete view across all sources and formats at scale, as well as sales, marketing and compliance teams to predict, collaborate and respond to opportunities in real-time.
Reltio’s solutions are used by companies of all sizes, including leading Fortune 500 companies in healthcare and life sciences, media & entertainment, hospitality, distribution and retail.