Reltio, a Palo Alto, Calif.-based enterprise data-driven applications and modern data management company, raised $10m in Series A funding.
Backers included Crosslink Capital and .406 Ventures. As a result of the Series A round, Jim Feuille, general partner of Crosslink Capital, has joined the board.
The company, which had previously raised $1m from angel investors, intends to use the funds to accelerate product development, as well as expand sales and marketing initiatives.
Led by Manish Sood, founder and CEO, Reltio combines data-driven applications with data management to provide enterprises with planning, customer engagement and risk management capabilities. It enables IT to streamline data management for a complete view across all sources and formats at scale, while sales, marketing and compliance teams use data-driven applications to predict, collaborate and respond to opportunities in real-time. The platform is used by companies of all sizes, including leading Fortune 500 companies in healthcare and life sciences, distribution and retail.