Reltio Raises $40M in Series C Funding to Accelerate Data Innovation
Reltio, a leading cloud-based enterprise data management platform, has secured $40 million in a Series C funding round. The investment was led by New Enterprise Associates (NEA) and Sapphire Ventures, with participation from Crosslink Capital and .406 Ventures.
Transforming Enterprise Data into Actionable Insights
Founded in 2011 and headquartered in California, Reltio empowers organizations to:
- Unify disparate data sources (internal transactions, public data, social data)
- Generate real-time insights for sales, marketing, and other business units
- Build custom data-driven applications to identify leads and opportunities
By consolidating multi-format data into a single platform, companies gain a 360-degree view of their operations, enabling smarter decision-making.
Strategic Growth Plans
With this latest funding round (bringing total investment to $72 million), Reltio plans to:
- Expand engineering, sales, and marketing teams
- Increase headcount by 50%+ in 2017
- Accelerate platform innovation for enterprise clients
Investor Confidence in Disruptive Technology
“Reltio has demonstrated impressive growth in the massive data management market,” said Chetan Puttagunta, General Partner at NEA. “We invest in disruptive technologies with high market potential, and Reltio’s agile platform delivers rapid time-to-value while being embraced by business users.”
This investment underscores the growing demand for cloud-native data management solutions that help enterprises turn complex data into competitive advantages.
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