Reltio Raises $40 Million in Series C Funding

Reltio, provider of data-driven applications and  data management platform as a service, has secured Series C funding in the amount of $40 million.

The funding was led by global venture capital firm New Enterprise Associates (NEA), and joined by new investor, Sapphire Ventures. Existing investors Crosslink Capital and .406 Ventures also participated.

The new funds will further boost Reltio's market momentum, and fuel engineering, sales, and marketing initiatives while enhancing the company's global footprint and leadership in modern data management.

To capitalize on emerging opportunities, Reltio is hiring business and IT professionals in offices around the world and is set to increase headcount by more than 50% in 2017 alone. The company recently announced that it has added a new office in Bengaluru, India, and brought aboard industry veteran Manish Jain as vice president and general manager for the region, where he will be responsible for overall India strategy and operations.

Reltio continues to deliver new functionality with three major releases a year. The company recently announced the availability of Reltio Cloud 2017.1, the latest version of its multitenant PaaS, which adds new integration, collaboration, and globalization capabilities.

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