From left to right: Calvin French-Owen, Peter Reinhardt and Ilya Volodarsky
Segment, the customer data platform, announced it has raised $64 million in Series C funding led by the Y Combinator Continuity Fund. Existing investors Accel, Thrive Capital, Ron Conway’s SV Angel and NEA also participated in the round.
The investment will be used to enhance product development and continue the growth of Segment’s team to meet new demand from enterprise level businesses, according to the company. The company has received total funding of $109 million since its founding in 2012.
As part of the funding round, Y Combinator Partner and former Twitter COO Ali Rowghani will join Segment’s Board of Directors. “Segment is battle-tested, providing customer data infrastructure to some of the world’s biggest brands,” he said in a statement. “They are on a path to be among the most successful Y Combinator companies.”