RudderStack, a San Francisco, California-based leading platform for building customer data stacks trusted by many of the world’s leading brands, announced it raised $56 million in Series B funding.
The round was led by New York-based global venture capital and private equity firm Insight Partners along with continued support from Kleiner Perkins and S28 Capital.
The investment will be used to accelerate growth and enable data engineers everywhere to build the infrastructure required to help their businesses understand their users and serve their needs. To date, the company has raised a total of $82 million.
Company: RudderStack Inc.
Round: Series B
Funding Month: February 2022
Lead Investors: Insight Partners
Additional Investors: Kleiner Perkins and S28 Capital
Company Website: https://www.rudderstack.com/
Software Category: Customer Data Platform
About the Company: RudderStack was founded in 2019 by Soumyadeb Mitra, CEO, and Shvet Jain, executive chairman of the company and partner at S28 Capital. RudderStack is the warehouse-first, customer data platform built for developers. As the leading open-source Customer Data Platform (CDP), RudderStack provides data pipelines that make it easy to collect data from every application, website, and SaaS platform, then activate it in your warehouse and business tools. RudderStack elegantly handles every piece of data from every source and syncs it with every tool in your stack. Since its founding, RudderStack has grown at a rapid pace. In 2021, the company’s revenue and customer base expanded by over 300%, with the addition of customers such as AllBirds, Wealthfront, and Crate & Barrel. The RudderStack team has tripled in size to support this growth.