Riversand Technologies Raises $35 Mn From Crestline Investors

Riversand Technologies Raises $35 Mn From Crestline Investors

SUMMARY

Texas Based Riversand Technologies Deals With Master Data Management

Master data management company Riversand Technologies has raised $35 Mn Series A funding led by Crestline Investors.

Texas-based Riversand Technologies was founded in 2001 by Upen Varanasi and Anil Kini. Riversand MDM solutions help clients construct business strategies and maximise customers’ experience based on data. The company’s clientele includes Kingfisher PLC, Husky Energy, Brighstar, Exxon Mobil among others.

Will Palmer, Director at Crestline said, “Riversand has a strong brand presence across multiple industries, data domains, and geographies. With their MDM 2.0 platform, Riversand has now created a name in the industry for being an innovative MDM solution provider with the most disruptive vision and unique strategy.” With this round of funding, Crestline’s Palmer will join the company Board of Directors.

As per a company statement, it has experienced increasing revenue at more than 25% CAGR over the last six years. The company will use the recently raised funding to accelerate global expansion and, for further investment, in its disruptive MDM 2.0 (Master Data Management) platform. Apart from this, the funding will be utilised for strengthening its core verticals

Upen Varanasi, Founder and CEO of Riversand Technologies said, “We are excited to partner with Crestline Investors at a time when we are expanding globally. With our MDM 2.0 vision, we are bringing together relevance, trust and insights to our customers in an era of cloud, high-scale, and data discovery.”

The company caters to global enterprises in retail, manufacturing, distribution, energy, healthcare, and food services. The company is headquartered in Houston with offices in Bengaluru (India), London (UK), Stuttgart (Germany), Switzerland, and Sydney (Australia).

In January 2017, American multinational storage and data management company NetApp launched its Global Centre of Excellence in Bengaluru, with an investment of more than $146 Mn (INR 1,000 Cr). Other startups in this domain apart from Riversand include Optimove, Skwid, Infinite Analytics among others. Indian companies in this domain include Wipro, Capgemini, etc.

Note: We at Inc42 take our ethics very seriously. More information about it can be found here.

You have reached your limit of free stories
Become An Inc42 Plus Member

Become a Startup Insider in 2024 with Inc42 Plus. Join our exclusive community of 10,000+ founders, investors & operators and stay ahead in India’s startup & business economy.

2 YEAR PLAN
₹19999
₹7999
₹333/Month
Unlock 60% OFF
Cancel Anytime
1 YEAR PLAN
₹9999
₹4999
₹416/Month
Unlock 50% OFF
Cancel Anytime
Already A Member?
Discover Startups & Business Models

Unleash your potential by exploring unlimited articles, trackers, and playbooks. Identify the hottest startup deals, supercharge your innovation projects, and stay updated with expert curation.

Riversand Technologies Raises $35 Mn From Crestline Investors-Inc42 Media
How-To’s on Starting & Scaling Up

Empower yourself with comprehensive playbooks, expert analysis, and invaluable insights. Learn to validate ideas, acquire customers, secure funding, and navigate the journey to startup success.

Riversand Technologies Raises $35 Mn From Crestline Investors-Inc42 Media
Identify Trends & New Markets

Access 75+ in-depth reports on frontier industries. Gain exclusive market intelligence, understand market landscapes, and decode emerging trends to make informed decisions.

Riversand Technologies Raises $35 Mn From Crestline Investors-Inc42 Media
Track & Decode the Investment Landscape

Stay ahead with startup and funding trackers. Analyse investment strategies, profile successful investors, and keep track of upcoming funds, accelerators, and more.

Riversand Technologies Raises $35 Mn From Crestline Investors-Inc42 Media
Riversand Technologies Raises $35 Mn From Crestline Investors-Inc42 Media
You’re in Good company