SteelBrick Closes $48M in Series C Funding

SteelBrick, a San Mateo, CA-based provider of quote-to-cash software applications built on the Salesforce1 platform, closed $48m in Series C funding.In conjunction with the funding, Jules Maltz from Institutional Venture Partners (IVP) will join SteelBrick as a Board Observer.The company, which has raised more than $78m in the last 18 months, will use the funds to prepare for accelerated growth going into 2016, to build out its Quote-to-Cash software, and to scale its services and support resources globally.Led by Godard Abel, CEO, SteelBrick provides a Quote-to-Cash suite including Configure, Price, Quote (CPQ) and Billing apps built native on the Salesforce1 platform.Together with the new SteelBrick Analytics, these Quote-to-Cash applications allow businesses to analyze and optimize the sales and revenue funnel while increasing sales productivity, eliminating errors, optimizing pricing, and accelerating revenue and cash flow.