Enterprise Data Management provider Reltio recently announced that it has raised $40 million in Series C funding. The round, which brings the company’s total funding earned to $72 million, was led by New Enterprise Associates with participation from Sapphire Ventures and existing partners. Founded in 2011 and based in California, Reltio offers their Data Management Platform via a Software as a Service model. Thew new capital will boost the vendor’s market presence and help them deploy marketing initiatives while expanding their footprint across the globe.
Reltio has added customers from a wide variety of vertices in the last year. The company also achieved HITRUST CSF certification and signed three of the ten largest global pharmaceutical organizations, as well as one of the largest healthcare organizations in the U.S as customers.
Reltio is hiring business and IT professionals in offices around the world and is set to increase headcount by 50+% in 2017. The company recently announced that it has added a new office in Bengaluru, India, and brought aboard industry veteran Manish Jain as Vice President and General Manager for the region.
Reltio has also continued to develop partnerships that help ensure comprehensive market offerings. Recent partnerships include a global alliance with QuintilesIMS in life sciences, a partnership with Dun & Bradstreet to power Account Relationship Management solutions, an enterprise integration partnership with SnapLogic, and solution and delivery partnerships with additional leading system integrators. Reltio has released three major product updates this year, with the most recent being an update to Reltio Cloud (2017.1) that added new integration, collaboration and globalization capabilities.
In a statement, Reltio’s CEO Manish Sood added: “We are humbled by the continuing support of our existing investors, and are thrilled to welcome Sapphire Ventures. As ever, I’d like to thank our customers and partners for their confidence in us, and our employees who have been the force behind Reltio’s success.”