Radius Closes $54.7MM in New Funding Round
Radius has raised $54.7MM in series C funding to expand data science initiatives that change how companies market and engage with customers. As today’s marketers grapple with increasingly complex customer data sets, we’re developing revolutionary software fueled by data science to empower B2B marketers to understand their customers and grow their business.
Today we’re announcing a round of financing in the amount of $54.7MM from a group of incredibly intelligent and well-connected entities and individuals including: Founders Fund, Glynn Capital Management, Formation 8, Yuan Capital, John Mack formerly of Morgan Stanley, Charles Songhurst formerly of Microsoft, actor and entrepreneur Jared Leto, BlueRun Ventures, Dave Morin, Kevin Colleran, and Western Technology Investments.
Some might say this is rather large fundraise, however, we consider it an amazing opportunity to invest in new markets and continue to build a core practice in data science. Currently, our team of more than 50 people is focused on building excellent products and solving incredibly difficult problems. Our goal long term is to build a platform that allows businesses to connect and transact efficiently. We believe that the current data and analytics that sits between business transactions is inaccurate, underdeveloped, and in need of disruption.
Great companies are built by great people, but beyond that is great people who take pride in their work; this pride is a key part of our culture. We plan on using this new capital to continue to hire great people across the entire organization, and to drastically increase our hiring efforts in data science — a practice that is a core competency of Radius and a practice that very few startups specialize in today.
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