Crestline Investors led this funding round which would enable Riversand Technologies to accelerate its global growth
Riversand Technologies is a disruptive Master Data Management (MDM) visionary and solution provider, and a leading name in Product Information Management (PIM). The company raised $35 million of Series A investment in growth capital, led by Crestline Investors. The funds will be used by Riversand to for global expansion in terms of locations and industrial proliferation, apart from further investments in its MDM 2.0 platform.
Riversand, which was founded in 2001 has witnessed consistent growth and has experienced an increase in revenue (more than 25% CAGR) over the last 6 years. Riversand’s MDM solutions aid customers in building business strategies and enhance customer experience powered by contextual, accurate and insightful data.
In the words of Upen Varanasi, Founder and Chief Executive Officer of Riversand, “We are excited to partner with Crestline Investors at a time when we are expanding globally. With our MDM 2.0 vision, we are bringing together Relevance, Trust and Insights to our customers in an era of Cloud, High Scale and Data Discovery. 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.”
He further added saying, “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.”
Director of Crestline, Will Palmer, who will join the Board of Directors at Riversand, 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. We look forward to supporting Riversand’s continued growth and the development of the new platform as Riversand expands its offerings.”
According to Yogesh Amle, Managing Director and Head of Software at Union Square Advisors, “Riversand is recognized as an emerging and disruptive cloud player in the data management and infrastructure software space with an incredible opportunity ahead of them. The Union Square Advisors team is pleased to partner with Upen and the Riversand team on this capital raise and advise them during this pivotal time in the company’s history.”
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