Qualtrics, a Provo, Utah-based provider of a customer, employee, and market insight platform, closed a $150m Series B financing.
The round, which was led by Insight Venture Partners with participation from Accel Partners and Sequoia Capital, valued Qualtrics at over $1 billion.
The company, which has now raised $220m in total funding to date, intends to use the funds for continued product innovation and international expansion.
Led by Ryan Smith, CEO, Qualtrics provides a software-as-a-service-based platform to capture customer, market, and employee insights for clients worldwide to make informed, data-driven business decisions.
6,000 global enterprises, academic institutions, and government agencies today use the solution to collect, analyze, and act on voice of the customer, employee engagement, customer satisfaction, brand, market, product and employee feedback.