Austin tech just saw its largest funding round in 2017 so far.
Today, software developer Zilliant announced a $30 million investment from Goldman Sachs. The company creates predictive pricing optimization and management solutions that combine data science and scalable technologies to increase the business opportunity with every customer interaction.
The funding will be used to support Zilliant’s global growth initiatives in the B2B enterprise industry. To date, the Austin-based company has raised north of $90 million since its 1999 inception.
This round marks Goldman Sachs’ first time investing in Zilliant.
"We have selected Goldman Sachs as our new investor based on their successful track record of funding and supporting fast growing companies and are optimistic about the value they will bring," said Greg Peters, president and CEO of Zilliant, in a statement. "As the only B2B AI-driven SaaS platform in the market today, Zilliant is committed to enabling growth and profitability for our customers while strengthening their existing customer relationships."
The Private Capital Investing Group (PCI), Goldman Sachs’ investment platform, specifically participated in the funding round, targeting junior capital opportunities in middle market companies throughout North America.
"Goldman Sachs is pleased to contribute to Zilliant's continued growth," said Holger Staude, vice president at PCI, in the statement. "The company's differentiated approach to SaaS-based, AI-enabled analytics, as well as their growth trajectory and strategic management team, position them to deliver significant value to the B2B industry."
In addition to this month’s funding news, the company has made several key hiring moves at the executive level since the start of the year to further develop its international presence.
In February, they appointed Michel Safi as vice president of Europe, MEA and Asia Pacific to lead the company’s international teams. Around the same time, they also hired Maria Carballosa as their chief marketing officer to lead their growth strategies, company positioning, demand generation, product marketing, business intelligence, corporate communications, website and online presence.
Image provided by Zilliant.