Reltio collects $45m Series D for self-learning data platform

Reltio, a provider of a self-learning data platform, has closed a $45m Series D round, taking its total funding to $117m.

The Series D round was led by current investor New Enterprise Associates with participation from return backers Crosslink Capital, .406 Ventures and Sapphire Ventures.

Reltio’s Self-Learning Data Platform enables companies to deliver on their digital transformation initiatives with personalised customer experiences, all while meeting regulatory compliance such as GDPR. Its aim is to allow businesses to manage data like leading cloud companies, leveraging continuous data organisation and recommended actions to ultimately measure and improve their operations.

The company organises data from all sources and formats, creating a unified data set with unlimited personalised views for users across sales, marketing, and compliance. With machine learning, Reltio then recommends actions, and finally measures and correlates the impact on your business.

“We’ve been able to deliver fast time to value by organizing enterprise data for some of the largest companies in the world, and we’re just getting started,” said Manish Sood, CEO of Reltio. “Reltio is now a trusted data foundation upon which the promise of new technologies, such as AI and machine learning, combined with our self-learning graph and other technologies, can truly be realized. Credit goes to our dedicated employees, whose laser focus on making our customers and partners successful continues to be the driving force behind our rapid growth.”

Headquartered in Redwood Shores, California, the company has opened an office in London and moved to larger facilities in Bangalore, India. Having doubled headcount in 2017, it plans to use the Series D investment to accelerate innovation, fuel international expansion, and ramp support for global enterprise customers. It provides its services to financial services, healthcare, retail, life sciences, media & entertainment, oil and gas, and government industries.

It claims to help increase regulatory compliance for CCAR, FATCA and KYC/AML, and new regulations such as BCBS 239, MiFiD II and the European Payment Services Directive II.

“Reltio’s platform is at the nexus of the technologies needed to enable companies to innovate with data,” said Chetan Puttagunta, general partner at NEA. “The combination of continuous enterprise data organization with measurable, actionable insight that can be refined and improved through self-learning is a capability that can benefit every business.”

Copyright © 2018 RegTech Analyst

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