Braze has more than doubled its valuation in the space of a year after the customer engagement platform raised $80m in its latest funding round. The investment, led by Meritech Capital Partners and supported by Spark Capital and Cross Creek, values the company at $850m. In an interview with TechCrunch, CEO David Braze, who previously founded the social media management app Hootsuite, said that he was “very bullish” on the company’s ability to grow revenue from It processed one trillion engagement events in Q2 2018 and has more than 1.5 billion monthly active users around the world. The funding from the series E round will, among other things, help the company to develop new products and expand into additional regions.
Braze has more than doubled its valuation in the space of a year after the customer engagement platform raised $80m in its latest funding round. The investment, led by Meritech Capital Partners and supported by Spark Capital and Cross Creek, values the company at $850m. Braze has over 500 brand customers, including HBO, Lyft and Microsoft. It processed one trillion engagement events in Q2 2018 and has more than 1.5 billion monthly active users around the world. The funding from the series E round will, among other things, help the company to develop new products and expand into additional regions.