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April - 2015 - issue > Venture Chakra
Reltio raises $10 Million Series A Funding, Introduces Reltio Cloud
SI Team
Wednesday, April 1, 2015
Reltio, the enterprise data-driven applications and modern data management company, founded by the team behind Informatica MDM, today officially entered the market with the announcement of Series A funding in the amount of $10 million from Crosslink Capital and .406 Ventures, as well as the general availability of its signature offering, Reltio Cloud."Data is the new natural resource, but it's truly valuable only when it's effectively mined, related and transformed into insight with business actions that can be taken within the context of day-to-day operations," said Manish Sood, founder and CEO of Reltio. "With Reltio,
data is collated and analyzed for actionable intelligence with the speed needed to support innovation and spark new revenue streams. IT gets a modern data management platform while business users get easy to use data-driven applications to address their everyday needs."
Reltio accelerates and improves the effectiveness of business decisions and operations through data driven applications that business users such as sales, marketing and compliance professionals, rather than just data scientists, can use every day. "Our unique approach and value proposition received significant interest from the venture community,"
Manish noted. "Crosslink Capital and .406 Ventures make the perfect partners-they share and support our vision, and we look forward to collaborating with them
as part of their portfolio of innovators." Already profitable, Reltio will use the venture funding to accelerate product development, as well as expand
sales and marketing initiatives.
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