Use our mobile site at: m.ITbriefing.net    Follow ITbriefing.net: Follow ITbriefing on Twitter   Follow ITbriefing via Facebook   Follow ITbriefing via RSS 
Drift Announces $60M Series C Led by Sequoia; Aims to Build the Amazon for B2B


 Tags:   Internet & business IT                This was published: 17 Apr 2018 - 02:26 pm         Print article: Printer friendly page
          

Drift Announces $60M Series C Led by Sequoia; Aims to Build the Amazon for B2B - on DefenceBriefing.net

Drift, the world’s leading conversational marketing and sales platform, today announced it has raised $60 million in Series C financing led by Sequoia Capital, bringing its total funding to $107 million. This latest funding round comes on the heels of the strongest quarter in company history, with revenue up more than 10x compared to the first quarter of 2017. Previous investors CRV and General Catalyst also participated in the round.



Founded in 2014, Drift is the new way that businesses buy from businesses. Replacing the traditional B2B marketing and sales process that can take weeks and frustrate potential customers, Drift connects businesses with the best leads in real-time, 24/7, and helps them have real conversations with qualified buyers. This approach provides a modern buying experience, can generate more qualified leads, and dramatically accelerate the sales cycle.

“For companies that have sales and marketing teams, Drift is the fastest path to revenue,” said Drift CEO David Cancel. “A sale doesn’t get made until a conversation happens, so with Conversational Marketing we remove the roadblocks and hurdles that can get in the way of someone talking to your sales team. This creates a better customer experience, makes it easier for people to buy, and creates a faster path to revenue. Drift is growing faster than B2B unicorns such as Salesforce, ServiceNow, Workday, and Zendesk were at this stage.”

There are now over 100,000 businesses using Drift from around the world, including companies like AdRoll, Cornerstone OnDemand, Dyn, InVision, MongoDB, Vidyard, and Zuora.

“We are lucky to work with incredible companies at Sequoia, and Drift has some of the best product/market fit we’ve ever seen,” said Pat Grady, partner at Sequoia. “The secret behind Drift’s hypergrowth is really no secret at all: history tells us that whoever gets closest to the customer wins, and David, Elias, and the team are obsessed with making their customers successful.”

“Drift is an incredible platform. The company is experiencing unprecedented growth and we are privileged to be their partners in this journey,” said Izhar Armony, general partner at CRV. “What David, Elias, and the team are building isn’t merely a great product but a movement.”

“We have been investors in Drift from the beginning,” said Larry Bohn, managing director at General Catalyst. “It’s incredible to see the team that David and Elias are building. They're writing the blueprint for how modern companies will market and sell into the next decade and beyond. We are proud to fully support this round.”

With over $90 million in cash now in the bank, Drift aims to build the Amazon for businesses.

“Amazon revolutionized how people buy with the one-click buying experience, and that’s what we all expect online today,” said Cancel. “But when it comes to B2B, the buying process is painful. Companies force buyers to fill out forms and jump through so many hoops just to talk to them, despite the fact that most buying decisions have already been made by the time someone comes to your website. We’re on a mission to build the most customer-centric company in the world and make B2B buying as easy as buying from Amazon.”

Doubling down on the company’s commitment to build a pillar company in Boston and a brand that will operate around the world, Drift also unveiled plans to quadruple office space with new locations in both Boston and San Francisco.

To learn more about this announcement, please visit: https://blog.drift.com/series-c

Article source - Business Wire, all right reserved. Copyright 2018
Trademarks, logos, pictures and other items may be copyright of firms mentioned in this article.



 


Other related articles, tagged Internet & business IT

· SAP Ariba Makes Manufacturing Awesome   (04/23/18)
· MobiWeb Awarded Excellence of the Year at the Le Fonti Awards Ceremony in Hong Kong   (04/23/18)
· Enapter Showcases its Anion Exchange Membrane (AEM) Electrolyser at HANNOVER MESSE 2018.   (04/23/18)
· Top Emerging Trends in the Global Humidity Sensor Market | Technavio   (04/22/18)
· Maxar Technologies’ DigitalGlobe Integrates Highest Resolution Satellite Imagery from WorldView-4 into SecureWatch™ and Celebrates 20th Defense and Intelligence Subscriber to the GEOINT Platform   (04/22/18)
· Jade Global to Exhibit at COLLABORATE 18: Technology and Applications Forum for the Oracle Community in Las Vegas, Nevada USA   (04/22/18)
· FIRST® Kicks Off World’s Largest Celebration of Young Innovators and Changemakers   (04/22/18)
· 19 California Schools & Community Centers to Receive Volunteer Makeovers as Part of 17th Annual “Comcast Cares Day”   (04/21/18)
· More Than 5,000 Volunteers to Support Nearly 60 Community Projects across Colorado on Comcast Cares Day   (04/21/18)
· Grid-connected PV Systems Market - Growth Analysis and Forecast | Technavio   (04/21/18)

>>>More articles  >>>

Latest tech videos:



· Maxar Technologies" DigitalGlobe Integrates Highest Resolution Satellite Imagery from WorldView-4 into SecureWatch™ and Celebrates 20th Defense and Intelligence Subscriber to the GEOINT Platform (2018-04-22 13:26)

DigitalGlobe, a Maxar Technologies company (formerly MacDonald, Dettwiler and Associates Ltd.) (NYSE: MAXR; TSX: MAXR), announced today that with the complete integration of DigitalGlobe’s WorldView-4 satellite imagery into SecureWatch, the company’s powerful, cloud-based geospatial intelligence (GEOINT) platform, customers can now access more of the world’s highest resolution satellite imagery.


· Jade Global to Exhibit at COLLABORATE 18: Technology and Applications Forum for the Oracle Community in Las Vegas, Nevada USA (2018-04-22 11:26)
Jade Global to Exhibit at COLLABORATE 18: Technology and Applications Forum for the Oracle Community in Las Vegas, Nevada USA - on DefenceBriefing.net

Who: Jade Global, a leading enterprise technology partner for Oracle Cloud integration, consulting & IT outsourcing, will be sponsoring and exhibiting at the COLLABORATE 18 Conference on April 22-26th 2018 at the Mandalay Bay Resort and Casino, Las Vegas. COLLABORATE 18 is a technology and applications forum for the Oracle community packed with hundreds of real-world case studies and 1,200+ panels by and for Oracle users. This high-energy conference is designed to provide in-depth education and training. Jade Global will be located at Booth 1012 in the Exhibition showcase, where you can meet their Oracle subject matter experts and learn about Jade Global’s extensive portfolio of Oracle services and solutions including Financials, Revenue Management, Enterprise Resource Planning (ERP), Supply Chain Management (SCM), Human Capital Management (HCM), Product Lifecycle Management (PLM), Project Portfolio Management (PPM), Warehouse Management (WMS), Enterprise Performance Management (EPM), Business Intelligence (BI) and PAAS both on Cloud and on-premise environments.


· FIRST® Kicks Off World"s Largest Celebration of Young Innovators and Changemakers (2018-04-22 07:06)
FIRST® Kicks Off World’s Largest Celebration of Young Innovators and Changemakers - on DefenceBriefing.net

This week, more than 15,000 students from around the world traveled to Houston, putting their innovation skills to the test at the annual FIRST Championship Presented by Qualcomm® Incorporated, held at the George R. Brown Convention Center, Minute Maid Park and Discovery Green.


· 19 California Schools & Community Centers to Receive Volunteer Makeovers as Part of 17th Annual "Comcast Cares Day” (2018-04-21 16:26)

On Saturday, April 21, more than 5,000 local Comcast NBCUniversal employees and their families, friends and community partners will “make change happen” as they volunteer to improve 19 California schools and community centers as part of the 17th annual Comcast Cares Day. This year, volunteers from the Northern Bay Area down to the Central Valley also are part of and celebrate a significant milestone of Comcast Cares Day – reaching 1 million volunteers since the program began in 2001.


· More Than 5,000 Volunteers to Support Nearly 60 Community Projects across Colorado on Comcast Cares Day (2018-04-21 14:26)
More Than 5,000 Volunteers to Support Nearly 60 Community Projects across Colorado on Comcast Cares Day - on DefenceBriefing.net

On Saturday, April 21, more than 5,000 local Comcast NBCUniversal employees and their families, friends and community partners will “make change happen” as they volunteer at nearly 60 project sites in 16 cities throughout Colorado as part of the 17th annual Comcast Cares Day. This year, volunteers in Colorado will also be a part of and celebrate a significant milestone of Comcast Cares Day – reaching 1 million volunteers since the program began in 2001.


· Grid-connected PV Systems Market - Growth Analysis and Forecast | Technavio (2018-04-21 13:06)
Grid-connected PV Systems Market - Growth Analysis and Forecast | Technavio - on DefenceBriefing.net

Technavio’s latest market research report on the global grid-connected PV systems market provides an analysis of the most important trends expected to impact the market outlook from 2018-2022. Technavio defines an emerging trend as a factor that has the potential to significantly impact the market and contribute to its growth or decline.


· Global Educational Robots Market - Entry of Global Industry Players to Boost Growth | Technavio (2018-04-21 12:46)
Global Educational Robots Market - Entry of Global Industry Players to Boost Growth | Technavio - on DefenceBriefing.net

Technavio’s latest market research report on the global educational robots market provides an analysis of the most important trends expected to impact the market outlook from 2018-2022. Technavio defines an emerging trend as a factor that has the potential to significantly impact the market and contribute to its growth or decline.


· RSA Conference 2018 Closes 27th Year Bringing Top Information Security Experts Together to Debate Critical Cybersecurity Issues (2018-04-21 01:06)
RSA Conference 2018 Closes 27th Year Bringing Top Information Security Experts Together to Debate Critical Cybersecurity Issues - on DefenceBriefing.net

RSA Conference, the world’s leading information security conferences and expositions, today concluded its 27th annual event in San Francisco.


· SmugMug Announces Intent to Acquire Flickr (2018-04-21 00:06)
SmugMug Announces Intent to Acquire Flickr - on DefenceBriefing.net

SmugMug, the largest, most comprehensive, independent photo management platform in the world, today announced it has agreed to purchase Flickr, the online photo management and sharing application. Together, SmugMug and Flickr represent the world’s most influential community of photographers, marrying SmugMug’s deep industry expertise and strong digital tools with Flickr’s global tribe of tens of millions of photographers. Following the close of the transaction, the brands will continue to operate as separate entities with the shared goal of providing photographers with both a place to fit in and a place to stand out. SmugMug and Flickr believe that all photographers—from the hobbyist to the prosumer to the professional—belong together.


· ADTRAN Appoints John Neville as Senior Vice President of Sales (2018-04-20 22:46)
ADTRAN Appoints John Neville as Senior Vice President of Sales - on DefenceBriefing.net

ADTRAN®, Inc., (NASDAQ-NMS: ADTN), a leading provider of next-generation open networking solutions, today announced that John Neville has been appointed as senior vice president of sales.


· Digital Government Services Offer Added Value to Louisiana on Earth Day (2018-04-20 22:46)
Digital Government Services Offer Added Value to Louisiana on Earth Day - on DefenceBriefing.net

Louisiana residents continue to do their part this Earth Day and year-round by taking advantage of online services which help to reduce their impact on the environment. These online services are the most efficient and environmentally friendly way to get the job done and can even save residents time and money.


· ITT to Release First-Quarter Results on May 4 (2018-04-20 22:26)
ITT to Release First-Quarter Results on May 4 - on DefenceBriefing.net

ITT Inc. (NYSE: ITT) will release its first-quarter 2018 financial results at 6:45 a.m. ET, on Friday, May 4, 2018. At 9 a.m. ET, senior management will review financial and operating results, comment on current conditions and answer questions during an investor briefing.


· Absolute Declares Quarterly Dividend (2018-04-20 21:26)
Absolute Declares Quarterly Dividend - on DefenceBriefing.net

Absolute (TSX: ABT), the endpoint visibility and control company, today announced that its Board of Directors declared a quarterly dividend of CAD$0.08 per share on its common shares, payable in cash on May 29, 2018 to shareholders of record at the close of business on May 8, 2018.


· Canadian Industrial Equipment Dealer Uses UltiPro Reporting to Improve Payroll Processes, Support Business Continuity Planning (2018-04-20 21:06)
Canadian Industrial Equipment Dealer Uses UltiPro Reporting to Improve Payroll Processes, Support Business Continuity Planning - on DefenceBriefing.net

Ultimate Software (NASDAQ-NMS: ULTI), a leading provider of human capital management (HCM) solutions in the cloud, announced today that SMS Equipment, a one-stop supplier of a broad range of equipment, production attachments, as well as parts and service, is using UltiPro’s reporting functionality to transform the roles and responsibilities of the Payroll department.


· Global Self-Service Kiosk Market - Overall Reduction in Operational Expenses to Boost Growth | Technavio (2018-04-20 21:06)
Global Self-Service Kiosk Market - Overall Reduction in Operational Expenses to Boost Growth | Technavio - on DefenceBriefing.net

Technavio’s latest market research report on the global self-service kiosk market provides an analysis of the most important trends expected to impact the market outlook from 2018-2022. Technavio defines an emerging trend as a factor that has the potential to significantly impact the market and contribute to its growth or decline.


· CarBlock and YourMechanic Announce Strategic Partnership to Disrupt Auto Repair Space With Blockchain Technology (2018-04-20 20:46)
CarBlock and YourMechanic Announce Strategic Partnership to Disrupt Auto Repair Space With Blockchain Technology - on DefenceBriefing.net

CarBlock, the world’s first blockchain-based transportation solution built on data generated by smart devices, is pleased to announce their new partnership with YourMechanic, the nation’s largest online marketplace for car repair services. This partnership will allow YourMechanic access to expanded vehicle data to better serve their customers and provide more accurate pricing.


· PPC Flexible Packaging Launches New Website as Part of Company Rebrand (2018-04-20 20:06)
PPC Flexible Packaging Launches New Website as Part of Company Rebrand - on DefenceBriefing.net

PPC Flexible Packaging, a leading provider of custom flexible packaging for food and healthcare industries, today announced the launch of its new website. The website redesign is part of the rebranding initiative prompted by the 2017 merger of Fisher Container, LLC (Fisher) and Packaging Products Corporation, LLC (PPC) into the new entity PPC Flexible Packaging.


· Mayor Emanuel Announces project44 to Add 200 New Tech Jobs in Chicago (2018-04-20 19:46)
Mayor Emanuel Announces project44 to Add 200 New Tech Jobs in Chicago - on DefenceBriefing.net

Mayor Rahm Emanuel today joined project44, a global logistics technology company, to announce the company plans to add 200 jobs in Chicago. To accommodate this growth, project44 is moving to a new 40,000-square-foot space in Chicago’s iconic Merchandise Mart. The news follows the company’s recent announcement it has secured $35 million in new funding to continue its growth.




© Website copyright Incandore Limited 2012. All rights reserved. All content copyrights / trademarks remain the property of their respective owners.