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Sprinklr raises $200M on $2.7B valuation three years after last investment

  • TechCrunch
  • 1 week ago
  • Sprinklr has been busy the last few years acquiring a dozen companies, then rewriting their code base and incorporating them into the company’s customer experience platform.
  • Today, the late-stage startup went back to the fundraising well for the first time in four years, and it was a doozy, raising $200 million on a $2.7 billion valuation.
  • The money came from private equity firm Hellman & Friedman, which also invested $300 million in buying back secondary shares.
  • Meanwhile the company also announced $150 million in convertible securities from Sixth Street Growth. That’s a lot of action for a company that’s been quiet on the fundraising front for years.
  • Company founder and CEO Ragy Thomas says he sought the investment now because after building a customer experience platform, he was ready to accelerate and he needed the money to do it. He expects the company to hit $400 million in annual recurring revenue by year’s end and he says that he sees a much bigger opportunity on the horizon.
Sprinklr raises $200M on $2.7B valuation three years after last investment
Senior Architect
Total raised


Funded over

7 rounds

Latest round

Series F (Jul 2016)

Health, dental, and vision insurance

Generous vacation

Company meals

Pre-tax transit and parking


+5 more