On Pace To More Than Triple Revenue Year-Over-Year, Mparticle Announces New Funding And The Launch Of Idsync, Its Next-Generation Identity Resolution Offering
mParticle, the customer data platform for every screen, announced it raised $35M in Series C funding led by Harmony Partners, with participation from existing investors, Bain Capital Ventures and Social Capital. mParticle enables brands to unify their customer data into a single view of the customer, then easily integrate and orchestrate data to partners to deliver personalized, omnichannel customer experiences.
“mParticle has quickly become the market leader in the customer data platform space,” said Mark Lotke, Managing Partner, Harmony Partners. “As more companies seek to coordinate customer experiences across digital and physical, with mobile at the center, mParticle is positioned perfectly to make this possible. We’re thrilled to help support this world-class team on their next phase of growth.”
According to Gartner, by 2020, the average adult will have more than six devices, including smart TVs and wearables, making identity management a requirement for marketing success.* Legacy data management solutions—including those built only a few years ago for the web—have been unable to keep pace with this complexity.
Companies including Venmo, Starwood, NBC Universal, Spotify, and Airbnb use mParticle to address modern marketing and business intelligence requirements and create next-generation customer experiences.
“The customer experience needs to be coordinated across many connected devices including mobile, connected TV, voice, web, and more. Helping brands unify data across these touchpoints creates the foundation for customer success,” said Michael Katz, Co-founder and CEO of mParticle. “With the new investment, and the rollout of IDSync, we’re excited to deliver on the promise to bring true digital CRM to leading consumer-facing brands.”
mParticle’s newly launched IDSync is the industry’s first enterprise-class identity resolution offering purpose-built for omnichannel brands. IDSync enables brands to create their own fine-grained identity strategies tailored to their business, privacy, and legal needs. Unlike other identity systems, which are highly constrained to a particular identity type or application, IDSync fuels identity resolution independent of platform, provider, or use case.
The investment and launch of IDSync comes during a year of record growth and momentum for mParticle, including the company’s being named an official Snapchat Partner; launching new integrations with Facebook, Google, Adobe, and Salesforce Marketing Cloud; expanding to the European market; being recognized as a Digital Marketing Hub “Vendor to Watch” by Gartner; being named one of “2017’s most interesting advertising and marketing technology startups” by Business Insider; and being named one of the best places to work in New York by Crain’s.