Thursday, 17 November 2022

CONTENTSTACK SECURES US$80 MLN IN SERIES C FUNDING

KUALA LUMPUR, Nov 16 (Bernama) -- Contentstack, India’s content experience platform category leader and composable architecture pioneer, has raised US$80 million (US$1=RM4.53) in Series C funding. 

The company said it will use the funds to continue supporting enterprise companies on their path to composable, empowering them to meet consumer demand for omnichannel and personalised experiences.

It will also use the funds to continue to grow and recruit in Hyderabad, Bengaluru, Pune, and Virar-Mumbai.

Georgian and Insight Partners co-led the round with participation from Illuminate Ventures.

“All three companies continue to grow their investment with Contentstack, contributing to a US$169 million total raised thus far,” it said in a statement. 

Georgian’s lead investor Emily Walsh will join Contentstack’s board along with Contentstack chief financial officer David Overmyer.

“As the only headless content management system (CMS) offering a solution to ‘integration hell’ with Automation Hub, Contentstack delivers a viable path to composable for enterprises.

“By automating and streamlining hundreds of activities across technologies and vendors in real-time, enterprises can now more aggressively retire costly legacy CMS.

“This also allows them to unlock digital experience innovation more broadly and realise a significantly greater return on investment,” it said.

Contentstack is the largest homegrown Indian CMS representing global brands like Chase, Holiday Inn, Levi’s, Mattel, McDonald's, Mitsubishi, and Shell.

-- BERNAMA

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