RudderStack, the leading platform for building customer data stacks, this week announced $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.
RudderStack was founded in 2019 by Soumyadeb Mitra, CEO and Shvet Jain, executive chairman of the company and partner at S28 Capital. Today, thousands of companies are using RudderStack’s platform as a key component in their customer data stacks to power the collection, enrichment, and activation of customer data. The company’s data pipelines that sync data into the cloud data warehouse and to downstream apps help free up engineering time to focus on building data products that create value for customers.
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.
Soumyadeb Mitra, CEO
At RudderStack, we enable data engineers to build future-proof customer data infrastructure. We are uniquely positioned to support companies that are simply looking to collect data from their website or application and send it to downstream SaaS destinations or those looking to employ predictive machine learning models to better serve their customers.
