Reltio scores $45 million Series D
25 May 2018 | 3633 views | 0
Reltio, innovator of the Self-Learning Data Platform, today announced that it has secured a $45 million Series D investment to accelerate innovation, fuel international expansion, and ramp support for global enterprise customers.
With current investor New Enterprise Associates (NEA) leading this round, and participation from other existing investors, Crosslink Capital, .406 Ventures, and Sapphire Ventures, Reltio has now raised $117 million in total.
“Reltio’s platform is at the nexus of the technologies needed to enable companies to innovate with data,” said Chetan Puttagunta, General Partner at NEA. “The combination of continuous enterprise data organization with measurable, actionable insight that can be refined and improved through self-learning is a capability that can benefit every business. We’re thrilled to continue partnering with Reltio as it accelerates growth with marquee customers in critical markets. We’re also pleased to see existing customers significantly expand their use of Reltio, and it reaffirms our confidence in the platform’s ability to add value to any type of business.”
Reltio’s market momentum continues to accelerate: In 2017, it was ranked No. 153 in Inc. Magazine’s prestigious “Inc. 5000” list of the fastest growing private software companies in America, thanks to over 2,568% revenue growth in three years. Reltio also ranked No. 7 among all San Francisco companies and No. 10 among all software providers in America.
In addition, the company’s customer base now includes:
• Seven out of the top 10 pharmaceutical companies in the world
• Two of the top 10 technology companies in the world
• Two of the top 10 cosmetics companies in the world
• One of the largest hotel and hospitality groups in the world
• One of the largest casualty and property insurers in the US
• One of the largest healthcare insurance companies in the US
• A major pet retailer, and many others
“We’ve been able to deliver fast time to value by organizing enterprise data for some of the largest companies in the world, and we’re just getting started,” said Manish Sood, CEO of Reltio. “Reltio is now a trusted data foundation upon which the promise of new technologies, such as AI and machine learning, combined with our self-learning graph and other technologies, can truly be realized. Credit goes to our dedicated employees, whose laser focus on making our customers and partners successful continues to be the driving force behind our rapid growth.”
With Reltio’s Self-Learning Data Platform, companies can deliver on their digital transformation initiatives with personalized customer experiences while meeting regulatory compliance such as GDPR. The journey starts with the organization of data of all types and from all sources at scale to form a trusted data foundation, followed by relevant analytics for operational execution and recommended actions. Ultimately, this enables companies to become Self-Learning Enterprises that measure outcomes related to actions and use data in a continuous cycle of improvement.
“We’ve been investors in Reltio from the very beginning and have witnessed rapid cross-industry adoption by household brands in retail, high tech, life sciences and healthcare, and the list continues to grow,” said Jim Feuille, General Partner, Crosslink Capital. “We are more convinced than ever that the market opportunity for Reltio is sizeable. The Reltio team continues to innovate and execute, and we are delighted to increase our investment, and help the company scale globally.”
Having doubled headcount in 2017, Reltio continues to hire IT and business professionals around the globe as it expands into new markets in Europe and beyond. The company has opened an office in London and moved to larger facilities in Bangalore, India.