Radius announced $50 million in Series D funding that the company intends to use to scale its predictive marketing software platform and meet the growing demand for its solutions.
This investment will be applied toward further development of the Radius Predictive Marketing Software platform as well as the company’s proprietary data science engine and data cloud.
The funds come during a time of notable growth for the company, with its revenue increasing by more than 400% in the past year. The company has also doubled the number of employees during that period.
The latest round of investment was led by Founders Fund, which brings Radius' total funding to $125 million.
“The expectation is that ‘the data is out there,’ but no matter how many tools, scientists, or databases they acquire, CMOs struggle to gain the insights necessary to effectively pursue the largest market opportunities,” said Darian Shirazi, CEO and founder of Radius.