A U.S based cloud Marketing platform, MoEngage on Tuesday announced that “It has raised $9 million in series B round funding.”
The round led by Matrix Partners India and VenturEast in the participation of its existing investors like Helion Venture Partners and Exfinity Ventures.”
In an email sent to us, the company said that “The funding will be used for business expansion, strengthening data science capabilities.”
“We are also planning to use the funding for transforming its Integrated Marketing Technology Stack with Engagement, Analytics and Personalization Offering,” company added.
Commenting on the recent round funding, MoEngage Founder and CEO Raviteja Dodda in its blog said: “We will continue to invest further on customer success with initiatives towards sharing best practices, guidance and consulting from our global success and product marketing teams, enabling our customers to stay ahead and succeed in a hyper-competitive world.”
Ravi also added “Any company’s success rests on two pillars: It’s customers and the team. While building a robust marketing engagement platform was at the core our vision, delighting customers have always been in the ethos of this company, and I’m proud I am proud to say that our teams strive to deliver the best experience and results for MoEngage’s clients.”
MoEngage, Founded in 2014 by Raviteja Dodda and Yashwanth Kumar, MoEngage provides a one-to-one Intelligent Marketing Cloud solutions like push notifications, email, in-app messaging, web push and SMS for online businesses.