Segment, a San Francisco, CA-based customer data infrastructure company, raised $175m in Series D funding.
The round, which brought total capital raised to date to $284m, was co-led by existing investors Accel, GV, and new investor Meritech Capital, with participation from Thrive Capital, Y Combinator Continuity, and eVentures, as well as new investor Sapphire Ventures.
The company intends to use the funds to and will be used to open multiple new offices across North America, EMEA, and Asia-Pacific, grow its team, further develop Customer Data Infrastructure (CDI) and its partner network and invest in customer growth across the board.
Led by Peter Reinhardt, co-founder and CEO, Segment provides a customer data infrastructure platform for businesses use to collect, unify, and connect their first-party data to over 250 marketing, analytics, and data warehousing tools.
Today, thousands of companies across 71 countries use Segment, from fast-growing businesses such as Atlassian, Bonobos and Instacart to some of the world’s largest organizations like Levi’s, Intuit and Meredith, to deliver seamless, personalized customer experiences across every channel and touchpoint, while also respecting user privacy and preferences through first-party data.
Its enterprise customer base already includes established industry leaders such as Intuit, IBM, 21st Century Fox, Levi’s, VMware and Meredith.
The company currently counts over 350 people in San Francisco, New York, Vancouver and Dublin.