Reltio, a Redwood City, Calif.-based cloud-native, software-as-a-service (SaaS) data platform that accelerates data value for businesses, raised $120m in funding.
The round, which has raised $237m in total funding and is valued at approximately $1.7 billion, was led by Brighton Park Capital with participation from existing investors Crosslink Capital, NewView Capital, RPS Ventures, Sapphire Ventures, and .406 Ventures. In conjunction with the funding, Mike Gregoire, Partner and Co-Founder of Brighton Park, will join Reltio’s Board.
The company intends to use the funds to accelerate growth strategies, expand global go-to-market, and further scale its efforts to deliver products.
Led by Chris Hylen, CEO, and Manish Sood, CTO and Founder, Reltio provides a cloud-native platform that synthesizes multi-source, complex data into a single source of information. The platform unifies multi-source data, across all applications and use cases, into a single source that gives users access to real-time operational, accurate, and insight-ready data — 24/7 year-round. Reltio has more than 8 billion consolidated profiles under management and serves more than 5.5 billion API calls per month (a 75% YoY increase).
The company serves companies of all sizes, including 14 of the Fortune 100, and globally recognized customers such as Pfizer, L’Oréal, Xerox, CarMax, Takeda, and AstraZeneca.
FinSMEs
04/11/2021