Startup Segment Is Worth $1.5 Billion, Thanks to Companies’ Troves of Customer Data
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Segment Inc., a startup that helps companies manage the ever-growing streams of data they collect about their customers, raised $175 million in venture funding, the company plans to announce Tuesday.
Existing investors Accel and Alphabet Inc.’s GV co-led the round with a new stakeholder, Meritech Capital Partners. The funding valued the San Francisco-based company at $1.5 billion, according to a person familiar with the matter who asked not to be identified because the details are private. Other returning investors include the Y Combinator Continuity Fund and Thrive Capital.