Lattice Engines Closes $20M Venture Funding Round

Published: November 26, 2012

LatticeEngines announced today that it has raised $20 million in venture funding.

According to a company news release, the Series C funding round will be led by New Enterprise Associates, with existing investor Sequoia Capital also participating.

Lattice Engines is a provider of predictive analytics tools designed for use by sales and marketing organizations. The company is considered to be a leader in the shift towards Big Data applications designed to analyze customer behavior and apply that analysis to marketing and sales pipeline forecasting.

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“Lattice has found a sweet spot of Big Data by applying it to what’s front and center in every business: sales growth,” said Pete Sonsini, General Partner at NEA. “It’s evident in the company’s rapid ascent, customer success and ability to draw top talent. We are delighted to partner with the company and look forward to helping them define the standard for Big Data applications.”

Lattice Engines also announced that it has doubled its enterprise customer base over the previous 12 months. The company currently serves clients including Adobe, ADP, SunTrust, Dell and Staples.

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