Segment Raises $175M in Series D

Segment has successfully raised $175M in a Series D at a $1.5B valuation led by Accel, GV, Thrive Capital, Y Combinator.

Company Overview

Segment is a Analytics company headquartered in 100 California Street, San Francisco, CA 94111, founded in 2011 with 400+ employees.

Customer data platform

Fundraising Details

Amount Raised: $175M
Round Type: Series D
Valuation: $1.5B
Date: 2024-10-20
Investors: Accel, GV, Thrive Capital, Y Combinator

About Segment

Customer data platform The company is positioned in the Analytics sector, serving a growing market with innovative solutions.

Key Information

Headquarters: 100 California Street, San Francisco, CA 94111
Founded: 2011
Team Size: 400+
Industry: Analytics

What This Means

This funding round demonstrates strong investor confidence in Segment's vision and execution. The capital will likely be used to:

Scale Operations: Expand the team and operational capacity
Product Development: Enhance existing products and develop new features
Market Expansion: Enter new markets and strengthen presence in existing ones
Technology Investment: Invest in infrastructure and technology capabilities

Industry Context

The Analytics sector continues to attract significant investment as companies innovate to meet evolving market demands. Segment's successful fundraising reflects the strong fundamentals and growth potential in this space.

Valuation Milestone

Reaching a $1.5B valuation marks an important milestone for Segment, positioning the company among notable players in the Analytics industry.

Looking Ahead

With this new capital, Segment is well-positioned to execute on its growth strategy and continue building innovative solutions in the Analytics space. The company's trajectory will be one to watch as it deploys this funding to achieve its next phase of growth.

This fundraising news was reported on 2024-10-20. For more information about Segment, visit their headquarters at 100 California Street, San Francisco, CA 94111.