SOMERVILLE, Mass. – August 9, 2017 – Evergage, the real-time personalization platform company, today announced it has raised $10 million in Series C funding. Led by Arrowroot Capital – which also led Evergage’s Series B round early last year – the round includes participation from previous investors G20 Ventures and PJC as well, indicating a strong vote of confidence in Evergage’s trajectory. This latest financing now brings Evergage’s total venture funding to $31.5 million.
Evergage will use the new funds to drive expansion across the company – including engineering, sales, marketing and client success departments – and internationally, as demand for its award-winning and market-leading personalization platform continues to accelerate.
Evergage empowers B2B and B2C marketers to deliver 1:1 personalization based on deep behavioral analytics, a full customer data platform and machine learning – providing individualized, maximally relevant experiences to more than 2 billion website visitors and application users.
Evergage also continues to hire new talent. The company will be expanding its Somerville, Massachusetts headquarters – more than doubling its office space. In addition, as the market for personalization continues to expand, Evergage will host more than 250 guests at its fourth annual Personalization Summit on Sept. 14 in Boston, with the theme of “demystifying machine learning.”
“We’re excited and proud to have received this $10 million Series C funding from Arrowroot Capital and existing investors – representing a strong endorsement of our team, technology and direction,” said Evergage CEO and co-founder Karl Wirth [pictured]. “With the industry’s most advanced and complete personalization platform, Evergage helps companies make 1:1 customer engagement a reality. We look forward to driving more innovation and further expanding our business, so we can enable even more companies to cater to and delight their customers.” More...