The startup Quantum Metric has raised another $50 million in a series B round led by Uncorrelated Ventures. Uncorrelated Ventures also participated in the company’s series A round. In addition to the new funding, Quantum Metric also received a seed investment from Uncorrelated Ventures.
Quantum Metric has previously raised $51 million
The company helps organizations design, manage, and improve their digital products. Its cloud-based software helps companies blend data to create better products. Last year, its revenue almost doubled. The company is now valued at more than $1 billion and is poised for massive growth. With the new funding, Quantum Metric will continue to invest in its product and support teams in order to provide a better experience for its customers.
The new funding is intended to fuel Quantum Metric’s expansion strategy and increase its headcount. It plans to use the money to expand its US presence, build out teams in EMEA, and expand into the Asia-Pacific region. The company has also set its sights on an IPO in the future. It also plans to launch its Quantum LEAP user conference in 2021. If all goes well, Quantum Metric could become the first unicorn in the technology industry by 2021.
Quantum Metric’s growth in the past few years has been largely due to increasing market demand for its digital solutions. In the third quarter of this year, the company reported a 21% increase in sales and forecasts that the company will reach one billion monthly visitors (accounting for 20 percent of the world’s population). The company also plans to accelerate its growth in different verticals and expand its roster of globally-established enterprise clients.
The company has already raised $51 million in two previous rounds. Last year, the company closed a $25 million series A round led by Insight Partners. This funding is a growth stage round, with Quantum Metric valued at over $1B post-money. It has also been listed on the Deloitte Technology Fast 500 and ranked 124 on the Inc 5000.
The company’s platform combines analytics from various divisions to help companies better manage their digital products. Its clients include Lululemon and businesses in sectors such as telecoms and finance. The company’s technology enables businesses to better understand their customers’ behavior and suggest improvements based on the results.
The company plans to use the new financing for marketing, sales, and machine learning. It has doubled its headcount in the last year and plans to hire 400 more employees before 2022. It hopes to use its new funding to expand into new sectors, such as ecommerce.
Quantum Metric is a digital analytics tool used by teams interested in measuring user sessions. It converts data into funnels, charts, and KPI trends. It also has a wide range of pre-built features. Its support is knowledgeable, fast, and reliable.
Quantum Metric’s seed investor Uncorrelated Ventures also participated in the series A round
Quantum Metric has raised $51 million in anxnr funding so far. Last year, it raised a $25 million series A led by Insight Partners. Insight has also backed other customer service companies such as Glia.
Quantum Metric provides a cloud-based platform for building, testing, and fixing digital products in real time. The company is valued at over $1 billion. It was founded in 2011 by Mario Cibarra, who is the company’s chief executive.
Quantum Metric uses continuous product design to help companies build digital products faster. Its philosophy draws from the well-established agile development and design processes. It focuses on adapting to change and improving efficiency. It also uses machine learning and analytics to make predictions based on customer behavior.
Quantum Metric’s platform makes it easier for cross-functional teams to manage the performance of web and native applications. Its intelligent analysis enables modern enterprises to deliver exceptional experiences online. The company has already been able to expand its customer base from mid-market to Fortune 500 companies.