Reltio raised $120M at a $1.7B Valuation led by Brighton Park Capital

reltio 120m brighton capital

A new investment round headed by Brighton Park Capital alongside existing investors brings the company’s valuation to about $1.7 billion.

Reltio, the first software-as-a-service (SaaS), cloud-native data platform that boosts the value of data for companies, announced today that it has raised $120 million in funding, led by investment firm Brighton Park Capital (“Brighton Park”), with participation from current investors Crosslink Capital, NewView Capital, RPS Ventures, Sapphire Ventures, and.406 Ventures.

Reltio is currently valued at about $1.7 billion and has raised a total of $237 million in investment. The additional funding will support Reltio’s growth initiatives, broaden its global reach, and scale up its efforts to provide market-leading goods.

Reltio has experienced remarkable growth; in fact, the company is expanding more than 15 times quicker than the industry as a whole, according to independent market research. In its most recent fiscal year, Reltio attracted 18 new enterprise customers, and more than 25 of them had annual contract values of at least $1 million.

Reltio also strengthened its leadership team with significant C-suite hires and expanded its Board of Directors with top-tier SaaS executives. Reltio’s Board will welcome Mike Gregoire, a partner and co-founder of Brighton Park.

All sizes of businesses, including 14 of the Fortune 100, as well as well-known international brands like Pfizer, L’Oreal, Xerox, CarMax, Takeda, and AstraZeneca rely on the Reltio platform to provide a single source of reliable data and information.

The average firm has 464 custom apps, compared to 22 custom applications for smaller organisations, according to this McAfee analysis.

The lack of “clean data” is a serious economic difficulty for users as the data generated and needed by these apps is maintained by dispersed teams and disconnected technologies, leading to data that is duplicated, out-of-date, and untrustworthy.

Users have access to real-time operational, accurate, and insight-ready data through the Reltio platform, which combines multi-source data from all applications and use cases into a single trusted source. This service is available 24/7/365. More than 5.5 billion API calls are served monthly by Reltio, which manages more than 8 billion consolidated profiles (a 75 percent YoY increase).

We are thrilled about the most recent investment round, which was spearheaded by renowned investor Brighton Park, and we are appreciative of the support of our current investors, as per Chris Hylen, CEO of Reltio,

This investment highlights the importance of the data management category in today’s digital data-driven economy and is validation of the bigger market opportunity in front of us. Building on our quick development, this investment will hasten our progress toward becoming a world-class, Rule of 40+ company and delivering high-value data to consumers. SaaS business

Regarding Reltio

At Reltio, we think that data should empower businesses, not hinder them. Our ground-breaking, cloud-native platform combines complicated, multi-source data into a single, reliable source. It can stretch at will and is flexible enough to adapt to the needs of every firm, resulting in quicker data value creation and continued effectiveness.

Data may be acted upon with confidence because it is also completely compliant and secure. Our multifaceted customer base, which includes start-ups and large corporations in more than 140 countries and a variety of industries, depends on our platform to help them succeed. Go to www.reltio.com for more information about Reltio.

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