Accel partner and Segment board member Vas Nataragan. Accel co-led this $175 million round for Segment image: Accel

San Francisco based data analytics company Segment has raised $175 million Series D funding co-led by existing investors Accel, Alphabet’s GV, and new investor Meritech Capital. eVentures, Thrive Capital and Y Combinator Continuity also participated in the round for the YC alum. According to Bloomberg, Segment was valued at $1.5 billion with this round, marking a new entrant to the unicorn club.

Segment has now raised $284 million in total funding. The company says it’ll make use of this new funding to accelerate global expansion, further develop its “Customer Data Infrastructure”, and invest in go-to-market activities, with a focus on expanding its enterprise customer base. Segment already counts the likes of IBM, 21st Century Fox, VMware, Levi’s, New Relic, Bonobos, InVision, Instacart, Meredith, Glossier, Atlassian and Intuit as customers.

“Segment transforms the way that businesses collect and manage customer data, with a particular emphasis on first-party data,” Accel partner and Segment board member Vas Natarajan said in a statement. “Combined with powerful governance and audience management tools, Segment is the backbone for how great companies sell, market, and support their customers. We are so excited to have led their original Series A as well as this latest round, and to support their continued growth.”

“Segment continues to be a growth machine driven by the rapid adoption of global enterprises with data-driven, customer-centric mindsets. The company’s traction among the Fortune 5000, strong international growth, and differentiated product suite solidifies Segment’s position as the leader in Customer Data Infrastructure.” GV partner Dave Munichiello also said.

VC firms NEA and Sapphire Ventures are also investors in Segment.

Share this...

Facebook

Pinterest

Twitter

Linkedin

Whatsapp

Email

Print