Reltio, a Redwood Shores, CA-based provider of an enterprise data-driven applications and modern data management platform, secured $40m in Series C funding.
The round was led by New Enterprise Associates (NEA), with participation from new investor Sapphire Ventures and existing investors Crosslink Capital and .406 Ventures.
The company intends to use the new funds to accelerate engineering, sales, and marketing initiatives while enhancing its global presence.
Led by Manish Sood, CEO, Reltio provides Reltio Cloud, a PaaS that enables organizations to build data-driven applications with master data management (MDM), big data insights, and intelligent recommended actions. The platform combines data-driven applications with data management for planning, customer engagement and risk management, 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.
It is used by companies of all sizes including leading Fortune 500 companies in healthcare and life sciences, media & entertainment, hospitality, distribution and retail.