Marketing software startup Profound secures $180 million in funding
The startup, which helps brands stand out in artificial intelligence search results, has quickly pushed its valuation above a billion dollars.
Operating in the field of AI-driven search optimization, Profound has achieved unicorn status by securing a $180 million Series D investment just seven months after its Series C round.
Details of the Investment Round
In an announcement made by Profound on Tuesday, it was reported that the $180 million Series D investment round has been completed.
Valuation and Previous Round
With this new financing round, the startup's total market value has reached $1.8 billion.
The company had completed a $96 million Series C investment round approximately seven months ago.
Investor Backers
Led by Sequoia and Kleiner Perkins, the investment round also saw participation from existing partners Lightspeed Venture Partners, Khosla Ventures, and South Park Commons.
The Company's Area of Operation
Founded two years ago, Profound initially started out as an analytics platform and has continued to grow over time to help companies formulate marketing strategies.
The startup makes it easier for businesses to understand the role of artificial intelligence in how consumers discover brands.
Growth and Customer Profile
According to information shared by the company, its revenues have tripled over the past six months.
Additionally, the platform has over a thousand enterprise customers, including major names such as Comcast, The Estée Lauder Companies, and Walmart.