NEW YORK — ActionIQ, developer of an Enterprise Customer Data Platform (CDP), says it has extended its Series C financing, bringing the total capital raised in the round to $100 million. The company reports 100% growth in revenue over the past year.
ActionIQ has nabbed a roster of prominent business clients, including The Hartford, Albertsons, JCPenney, and GoPro. These companies join a long list of blue chip brands—including The New York Times, Pandora Media, Shopify, American Eagle Outfitters, Capital Group, and NewsCorp—which have partnered with ActionIQ to successfully harness and transform masses of disconnected customer data into positive customer experiences that are vital to business growth strategies.
“We are the only CDP that has roots in large scale data and analytics. This heritage helped us succeed with some of the biggest, most complex customer data challenges in large enterprises,” said Tasso Argyros, founder and CEO of ActionIQ. “The additional funding will allow us to double down on our market-leading product while aggressively expanding our sales, marketing, and customer success functions to capture the torrent of demand that is coming our way.”
“With ActionIQ, we’re delivering hundreds of billions of personalized customer experiences,” says Shane Murray, SVP Data and Insights, The New York Times. “These experiences go across every brand touchpoint including email, in-app, site, and paid media – increasing the scope and value of our segmentation strategy.”
The company plans to use the new funds to increase research and development.