Customer Data Platform vendor, Tealium, announced that it has completed a Series F fundraising round, and successfully raised a whopping $55 Million.
The round was led by Silver Lake’s late-stage growth capital fund, Silver Lake Waterman. It also witnessed participation from ABN AMRO, Bain Capital, Declaration Partners, Georgian Partners, Industry Ventures, Parkwood, and Presidio Ventures. This brings Tealium’s total funds raised to date to more than $160 Million.
The Tealium AudienceStream Customer Data Platform was launched in 2013. Over the years, it has experienced exponential growth, witnessing a 300% year-over-year increase in visitor profiles created.
The platform is designed to provide enterprises with a single view of their customers, serving as a secure central point of management across the entire data supply chain. The company has focused on building a real-time customer data platform that meets the industry’s most stringent requirements for protecting the integrity and privacy of customer data. Enterprises, both large and small, can integrate this data with any technology, retail channel or marketing platform to build better customer experiences, invest in analytics and machine learning, and inform real-time decisions. Tealium’s robust data governance and compliance portfolio allow global organizations to manage diverse regulations in countries around the world.
“Our customer data platform is the vendor-agnostic foundation that allows data to flow freely and securely across the organization, rendering it accessible and useful to every team, technology, and solving departmental or technological silos that limit the opportunity for data agility,” said Jeff Lunsford, CEO of Tealium. “By democratizing the data collection and delivery process, we help organizations to meet the changing needs of their business and customers and protect the integrity of their data.”
“Tealium enables enterprises to solve the customer data fragmentation problem by integrating and enriching data across sources, in real-time to create audiences while providing data governance and fidelity,” said Shawn O’Neill, Managing Director of Silver Lake Waterman. “Jeff and his team have built a great platform and we are excited to support the company’s continued growth and investment in innovation.”
The funds raised will be used to expand the company’s data integration ecosystem, accelerate new product development, and further scale global go-to-market activities.