Master Data Management company, Riversand has raised $35 million in Series A round investment led by Crestline Investors. With the current raised fund, the company plans to use to accelerate its global expansion and building the most disruptive MDM 2.0 platform.
“We will use this capital infusion to strengthen our foundation in core verticals, accelerate growth in targeted geographies and enter new markets through product innovation, sales and marketing,” Upen Varanasi, Founder and Chief Executive Officer of Riversand said.
Riversand Technologies was founded by Upen Varanasi and Anil Kini in 2001. The company provides Master Data Management (MDM) and Product Information Management (PIM) platforms, which enable global enterprises in Retail, Manufacturing, Distribution, Energy, Healthcare, and Food Services to enhance their customers’ experience and move products faster to the market.
As the part of investment, Crestline’s Palmer will join the company Board of Directors. Commenting on the investment, Will Palmer, director of Crestline said, “Riversand has a strong brand presence across multiple industries, data domains, and geographies. With their MDM 2.0 platform, Riversand has now created a name in the industry for being an innovative MDM solution provider with the most disruptive vision and unique strategy.”
Since its inception, the company has experienced significant growth, increasing revenue at more than 25% CAGR over the last 6 years. Its MDM solutions help clients construct business strategies and maximize their customers’ experiences based on relevant, trusted and insightful data.
Headquartered in Houston, the company operates from other offices in Bengaluru, London, Stuttgart, Switzerland, and Sydney.