Drift raises $60 million to be an Amazon for businesses

Funding Rounds

Summary

Currently, Drift subscribers can use chatbots to help turn web visits into sales.In the long-run, Cancel says he hopes Drift will expand its offerings to compete with Salesforce.The company wouldn’t disclose revenue, but says it is ten times better compared to whatever it was in the past year.It plans to use some of the funding to make acquisitions in voice and video technology.Drift also plans to expand its teams in both Boston and San Francisco, with new offices for both.

$ Funding

$
Amount $60.0M Total raised
Date April 17, 2018 Announcement date
Investors Ozie Group LLC, Drift Lead investors
Company http://www.drift.com Funded company

Classifications

industries
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applications
Web and Content Management

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Linked Companies

Drift
$100M to $250M