Contentstack, a startup that provides a headless content material administration system (or a “content material expertise platform” in marketing-speak), at the moment introduced that it has raised a $57.5 million Collection B spherical. The spherical, which the corporate says was oversubscribed, was led by Insight Partners, which additionally led its Collection A spherical. New investor Georgian and present buyers Illuminate Ventures and GingerBread Capital additionally participated. With this, the corporate has now raised a complete of $89 million.
“Within the final yr, we’ve helped main corporations in industries equivalent to retail, monetary providers, gaming and journey to create personalised experiences for his or her prospects to be able to drive income, enhance buyer satisfaction and construct buyer loyalty,” stated Neha Sampat, founder and CEO of Contentstack. “This spherical of financing demonstrates that our technique is paying off, together with our core beliefs round equality, buyer care and product innovation. Throughout a remarkably difficult yr, our staff delivered spectacular outcomes and we’re excited to proceed this development trajectory by delivering the most effective agile CMS platform for a digital-first world.”
The corporate says it noticed its buyer base develop over 150% since closing its $31.5 million Collection A spherical in October 2019. Amongst its new prospects are Broadcom, Chico’s FAS, HP, La Perla, Leesa Sleep, McDonald’s and NBC.
In latest months, Contentstack launched a brand new consumer interface for these prospects and the corporate argues that Georgian’s concentrate on AI and machine studying will permit it to deliver extra of those trendy applied sciences to its platform as nicely.
“We’re large believers in Contentstack and the management staff, particularly after our conversations with international manufacturers revealed how essential Contentstack is to those organizations and the way beloved the product is by each enterprise and technical customers,” stated Emily Walsh, lead investor at Georgian. “Now with entry to our know-how platform, Contenstack cannot solely achieve operational efficiencies but additionally supercharge the innovation, expertise and help it presents to prospects and companions. We’re excited to assist Contentstack prospects leverage AI to achieve enterprise benefits via new insights and automation.”
The corporate plans to make use of the brand new funding to speed up its investments on this know-how, gas its worldwide development and broaden its companion ecosystem.