CleverTap, a Mountain View, Calif.-based AI-powered customer lifecycle and user retention platform, completed a $35m Series C funding.
The round, which brought total funding to $61m, was led by Tiger Global Management and Sequoia India.
The company intends to use the funds to build out its new US-based engineering hub, grow the team across engineering, sales, and marketing, Latin America, Europe, and Asia, add enhanced predictive capabilities to its platform, and accelerate its global go-to-market expansion strategy.
Led by Sunil Thomas, co-founder and CEO, CleverTap provides a customer lifecycle and user retention platform that leverages machine learning to offer an engagement suite that enables brands to convert, engage, retain, and grow their mobile user base. The company currently serves over 8,000 consumer brands around the world, including Vodafone, Star, Sony, Discovery, Fandango LATAM, Carousell, and Gojek trust CleverTap to help them improve user engagement and retention thereby growing long term revenue.
CleverTap is backed by venture capital firms including Sequoia India, Tiger Global Management, Accel, and Recruit Holdings, and operates out of San Francisco, Seattle, London, Singapore, and Mumbai.