Enterprise Social Tech Company Sprinklr Raises $105M; Valued at $1.8 Billion
Summary
The round, which brought total funding to $239m and valued the company at $1.8 billion, was led by Temasek, a large, Singapore-based investment firm focused on long-term value creation, with participation from Wellington Management Company LLP and EDBI, the corporate investment arm of the Singapore Economic Development Board, as well as existing investors.Led by Ragy Thomas, CEO & Founder, Sprinklr provides a social media management platform for half of the Fortune 50 and 1,200+ brands including Nike, McDonald’s, Microsoft, P&G, and Samsung to manage listening, planning, publishing, engagement, analytics, across their enterprise, from marketing to customer care to sales.Since the beginning of 2015, Sprinklr has expanded its global reach to Brazil, Japan, and the United Arab Emirates, adding to its existing international operations in the UK, France, Germany, India, and Canada.Over the last year, the company acquired the social visualization platform Postano (March 2016), audience segmentation and management platform Booshaka (November 2015), and location-specific text analytics software NewBrand (June 2015).Sprinklr has also announced strategic partnerships with technology and consulting companies including SAP, IBM, Deloitte Digital, and, most recently, Microsoft.
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