Sanity Raises $39 Million From ICONIQ Growth And Others to Help Brands Treat Content as Data for Exceptional Digital Experiences
Sanity, the platform for structured content, has raised $39 million in Series B funding less than a year after its $9.3 million Series A raise in October 2020. Nearly 100,000 developers, marketers, content creators and product professionals use Sanity to manage and launch customer-facing digital initiatives, including brands like National Geographic, Puma, InVision, Datastax and Brex. In the past year, the company tripled its customer base, doubled revenue, and more than doubled its team.
The round, led by ICONIQ Growth with venture capital firms Lead Edge Capital, Threshold Ventures, Heavybit, and Alliance Venture, brings the company’s total funding to $51.8 million since its founding in 2018. ICONIQ Growth General Partner Doug Pepper has joined the board.
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“Sanity has created the hero product for building innovative product experiences. We’re excited to support the Sanity team as they enter this next phase of growth.” — Doug Pepper, general partner at ICONIQ Growth.”
“In an era of digital globalization, companies must rapidly deliver complex, multi-channel, and engaging digital experiences to reach customers wherever they are. This is forcing them to rethink the CMS. At the same time, developers are increasingly leading the adoption of new technologies and holding the keys to adapt effectively to this shift,” said Doug Pepper, general partner at ICONIQ Growth. “Sanity has created the hero product for building innovative product experiences, with an impressive developer-oriented approach to content delivery and a personalized product experience that breaks down silos for content creators, marketing and developer teams. We’re excited to support the Sanity team as they enter this next phase of growth.”
A fast-growing alternative to the traditional CMS, Sanity succeeds by uniquely treating content as data. By storing resources in the Sanity Content Lake organizations unify their content, making it available both for collaboration and for global distribution. The benefits of having a single source of truth are many, but a typical outcome is velocity as businesses use actual product data to drive digital efforts. Teams are unblocked and free to work on content, design and code in parallel to ship better products faster. Editors work efficiently in customized editing environments built on top of Sanity Studio, an open-source authoring layer that developers are free to customize.
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“Sanity has played a key role in helping us scale our content engine. It’s changed the way we think about structuring content, giving us more flexibility to experiment with new ways of driving the customer experience,” said Isaac Martin, senior software engineer at Brex. “Our team loves being more self reliant, with the creative freedom to get work done without a constant back-and-forth with engineering.”
“Sanity has been a great partner in helping our team scale and launch digital initiatives faster. We’ve gotten high praise internally for how Sanity has empowered our content teams to get more done without leaning on engineering,” said Jon Wheeler, senior product marketing engineer at InVision. “We’re always working to push the bounds of what we can do with dynamic and personalized content, and Sanity has enabled us to accelerate those projects.”
“Sanity has made it possible for us to build virtually anything we dream up. It’s really increased the level of innovation and creativity we can bring to web projects,” said Eric Johnson, principal web developer at Cornerstone OnDemand. “We’ve been able to offload a lot of work from the developer team by building powerful and flexible page builder tools.”
Sanity’s vision to provide structured content comes as businesses look to redefine their digital customer interactions, breaking silos to move faster and deliver better digital experiences to extend their core products. According to Deloitte, 75 percent of customers expect consistent experiences across departments. Yet, 58 percent feel like they’re interacting with a number of different divisions instead of a single company.
“Creating incredible digital product experiences for customers has never been more important, and that means we need a better framework for content that scales across marketing, product, and engineering,” said Magnus Hillestad, CEO and co-founder of Sanity. “Content can no longer be confined to a publish model. Sanity breaks those restrictions so anyone can build a rich experience for customer interaction that keeps pace with technology advancements.”