RudderStack, a San Francisco, California-based provider of an open source customer data platform, raised $5M in seed funding.
The round was led by S28 Capital with participation from Salil Deshpande (Uncorrelated Ventures) and Florian Leibert (468 Capital).
The company intends to use the funds to accelerate product development and rollout to larger enterprises.
Led by Soumyadeb Mitra, CEO, RudderStack collects a company’s data from every customer touchpoint – including web, mobile and backend systems – and sends it in real-time to over 50 cloud-based destinations and any major data warehouse. By unifying and analyzing their customer data in a privacy- and security-conscious way, companies are then able to turn it into business actions across all their functions. The company has built integrations with all of the leading customer data destinations, including Snowflake, AWS, and Zendesk. Incubated at S28 Capital, RudderStack has already implemented its solution with multiple customers, ranging from startups to large enterprises.
The company also announced the acquisition of data integration company Blendo, which brought additional IP and expertise to the RudderStack team. With the acquisition, it was able to incorporate Blendo’s cloud-based ELT solution into its Customer Data Platform, and combined the teams. Blendo founder Kostas Pardalis joined RudderStack as Head of Growth.
FinSMEs
27/05/2020