Sprinklr Reaches $2.7B Valuation After Raising $200M in Funding

Gordon Gottsegen
September 14, 2020
Sprinklr team photo
Sprinklr

On Wednesday, New York-based Sprinklr announced that it raised $200 million in funding from equity firm Hellman & Friedman. On top of this, the company also secured $150 million in convertible securities from Sixth Street Growth. All of this brings Sprinklr’s valuation to a respectable $2.7 billion.

Although Sprinklr is based in New York, the multinational company has 1,900 employees in offices across the world. This includes a significant presence in Austin, where the company employs about 120 people, according to LinkedIn. The company is hiring for a handful of roles in Austin across engineering, sales and consulting.

Sprinklr has created a customer experience management platform that allows businesses to interact with their customers across multiple channels. This means that customer-facing teams can use the Sprinklr platform to engage customers on their social media accounts, or access digital tools for marketing, advertising and researching purposes.

“In a world where customers are connected and empowered, Customer Experience Management is no longer optional. It’s time for modern enterprises to break down silos, and unify disconnected teams, channels, and tools to make their customers happier,” Sprinklr CEO and founder Ragy Thomas said in a statement. “That’s been our mission from the start. To build a new class of enterprise software purpose-built for CXM, and a new kind of enterprise software company that the world’s largest organizations truly love.”

With $350 million in new capital, the company plans to continue building on its platform. Over the past year, Sprinklr has added over 1,500 new features to its multiple products. This includes offerings like Sprinklr Live Chat, Sprinklr Sandbox and AI-powered Smart Responses for customer care agents.

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